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-19% Payment Processor Fee?

A topic by Girkov Arpa created Nov 02, 2021 Views: 566 Replies: 2
Viewing posts 1 to 3
(1 edit)

I just requested a payout to PayPal and was hit with a 19% payment processor fee.  I've sent and received money via PayPal before and the fee has never been anywhere near this much.  Can I reduce it by choosing a different payment method?

(1 edit)

Okay I just found this:

[QUOTE]A payment processor’s fee is typically comprised of a fixed amount around 30 cents and a percentage amount around 2.9%. Due to the fixed fee, the total percentage of the entire transaction the fee represents changes depending on the price of your product.

For example 30 cents of a 1 dollar payment is 30%, 30 cents of a 2 dollar payment is 15%, etc. You can avoid high payment processor fees by selling your work for a higher price.[/QUOTE]

I interpret that to mean that even though I request a bulk payout, the 30 cents fee is being tacked onto each payment individually?  I don't understand why that would be, since PayPal shouldn't care how many smaller transactions my payout consists of.  Unless they do?

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Paypal change their payment process fee: https://www.fool.com/investing/2021/06/24/why-paypal-raised-processing-fees-coul...

Doing the math, you got charge 5.5 times which lead to the 19% + $2.6    in new paypal fees instead of the 15% + $1.65 in old paypal fees. A 4% + $1 difference in earnings. So yes paypal is individually counting the bulk request.

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