I am using PayPal Adaptive Payment and I want to know how PayPal calculates it's fee
I check the following link https://www.x.com/message/60352;jsessionid=54722E9CCAC2DE9E28CAA411F16AB457.node0#60352
It says
PayPal charges 2.9% + .30 cents per transactions (unless your montly volume qualifies you for a lower rate).
Where as, following calculation doesn't work in my case
I have $24.49 product, and PayPal fees is 0.39 (which doesn't match with above thing)
anyone have idea how it gets calculated?
Edited:
These are IPN values for $100 transaction :: [mc_fee]=>0.42 [mc_gross]=>100.00
Thanks
0.39 seems too low. Check this http://www.rolbe.com/paypal.htm out.
You can use a PayPal fee calculator that take into account all the parameters of the transaction like your country and currency and whether it is a domestic transaction.
Here is a link to the calculator that I use: http://www.convertforfree.com/paypal-fee-calculator/
Related
I m planning to integrate micropayment in my ASP.NET website. I need to use PayPal to achieve this.
The cost of the service I deliver is low, about $1 per month. I'd like to know more about PayPal service for this kind of cheap transactions.
How much does PayPal hold for each $1 payment ? I found this explaining the PayPal conditions for micropayment. Any feedback on this ?
Plus, how does PayPal handle currency conversion ? My service is worldwide, so I want my users to be able to buy my product not only using dollars, but euros or another currency.
Thanks
In the link you quoted the fees section is expandable and you can see the Micropayments pricing:
5% + $0.05
Signing up for it doesn't require any vetting or contract changes. Contact Customer Service and they file a request to a team that enables Micropayments. Should be done within a few days.
Currency conversion and cross-border transacitons are also in this page:
International Sales: The pricing table above applies to domestic payments in US dollars. There's an additional 2.5% charge for any currency conversion and a 1% charge to receive payments from another country.
If you decide to charge your buyers in USD only, they will be able to choose if they wish he card issuer or PayPal to convert the money. Most won't even notice the conversion took place and it will make your reconciliation much easier.
It is unclear how much paypal charges when we do mass payment from our application.Would anybody let me know the details.
currently i found "For Mass Payments to recipients within the U.S., the fee is 2% of total up to $1 per payment. For Mass Payments to recipients outside the U.S.,the fee is 2% of total up to a maximum of $20.00 USD per payment, or the foreign currency equivalent of $20.00 USD."
information in paypal site.
what if i send 6000 $ to one/two user?Any answers and suggestions would be highly appreciated.
Paypal is very poor in documentation and do not have intuitive guide.
Thanks.
For example in the case of your 6000 dollar transaction. If it is a Domestic transaction you would be charged $1 fee for that transaction and if it was international it would be $20.
The breakdown is basically as the information you provide. Each transaction is charge to either the percentage or the fixed amount, whichever is lower. This fee is charged for each payment in your request. So if domestic a 50 transaction request would be a maximium of $50 or $1 per transaction. While internationally this would be $1000 for the same 50 transactions.
How does Paypal calculate the fees to apply to each receiver in case of a chained payment done with the Adatprive Payment API?
I'm intrested in the case where the primary receiver is the one who pays all the fees. Is the fee calculated on the total amount payed by the sender or is it a sum of the fees calculated on each aomount in which the transaction is split? The result can be very different because of the fixed .30 paypal charges on each transaction.
And how does this apply to microtransactions?
There are some worked examples on this site:
https://www.x.com/devzone/articles/adaptive-payment-fee-calculation-analysis
I have no idea about the quality of the examples, I just stumbled across it while googling. However, it looks like the primary receiver can simply pay the sum of the fees that each party would otherwise be liable for.
I'm having a hard time finding this out from the documentation. I have some code I've inherited which needs to get he payment amount from a Paypal IPN transaction. It's expecting the variable "auth_amount" from a Paypal IPN but is not getting passed this field. It looks to me from the Paypal docs as though I should be using the field "mc_gross" which is labelled as "Full amount of the customer's payment, before transaction fee is subtracted.".
The Paypal IPN docs describe the "auth_amount" field as "Authorization amount", which doesn't mean much to me.
I'm going to change it to use mc_gross, but I just want to check first that I'm not missing something silly?
Thanks!
Check this out:
https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=developer/e_howto_html_IPNandPDTVariables
mc_gross
Full amount of the customer's
payment, before transaction fee is
subtracted. Equivalent to
payment_gross for USD payments. If
this amount is negative, it signifies
a refund or reversal, and either of
those payment statuses can be for the
full or partial amount of the original
transaction.
thanks for reading this.
I am implementing paypal checkout in my website it is working but i want to make a simple fees calculator for paypal in order to help the user, i went to paypal and they said their fees amount is 2.9% +0.30 fixed, but it is not working for some cases, for example: deposit $1.34
2.9 % = $0.04 rounded + $0.30 = $0.34, so i should get $1 credited but paypal send in its response in the field FEEAMT which indicate the "PayPal fee amount charged for the transaction" 0.35,
what i am doing wrong?
Thanks in advance.
Maybe paypal add Cross border fee of 1.0%.
Some pages that make that calculations and can help you see what's going on.
PayPal Fee calculator: http://thefeecalculator.com/
PayPal ref: https://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside