Thank you for the explanation. I assumed that the fee was for paying me the money, but in fact it’s for receiving the money from the buyer. I’ve never dealt with that side of it as it’s always covered by the fixed commission that I pay at other stores.
So, as I understand it, if someone buys my game for $1.00 using PayPal then there’s a fee of 32cents from PayPal on that and you’re deducting that from my account and giving me 68cents. (PayPal has a new API where that fee would be 25cents). Thereafter You would deduct whatever commission I gave you and the rest is mine without any fees. For a $1.00 receipt I’d get 48 cents (using 20% commission.) And you would transfer the 48 cents to me without any additional fee.
I did see that Paypal has a fee for micropayments that are less than $10 which works out to 5% + 5c but I don’t know if these are available to businesses.
Queries:
The Payment provider fee in my summary is 16c more than the payment provider fee in the transactions. (They should agree.)
I had completed the tax interview and got to a final page that said this is now complete you can press a button or close your browser – I did this on the day I received the email introducing this procedure. In my account it is not showing that I completed it – it’s showing the option to do the tax interview. Does this mean I'll have to redo it? And can you then double-check that it is saving them once complete - with Firefox browser?
Thank you.