And in addition, if (as a seller) you have a PayPal account set up that accepts credit card payments, you pay the same fees to PayPal even if your buyer pays with cash, via a direct transfer from his checking account. Which really bites!
Barbara Joyce Snoqualmie, WA USA > Sorting through all of this, it appears that > > 1. PayPal adjusts the conversion rate of international purchases to offset > the fees it pays to do business with credit cards. The buyer pays this rate. > > 2. PayPal converts the funds before placing in the seller's account. The > conversion fee is charged to the seller's account. > > 3. With domestic purchases, many sellers say they will not work with PayPal > purchases involving credit cards. Presumably that is because PayPal also > passes the cost of credit on to the seller in domestic transactions. > > Clay > -- > Clay Blackwell > Lynchburg, VA > > > ---- Cindy Rusak <[EMAIL PROTECTED]> wrote: > > ============= > Good Morning Arachnes, > > Tamara, I think you would find that the exchange rate that Visa would > charge you would be about the same as what Paypal charges you. When we > first moved to the US and checked into using our US visa cards for foreign > currency purchases the 'hidden' fees were somewhere about 2-1/2% so I > continued to use my Canadian Visa for foreign currency purchases because it > did not have the hidden charges. Unfortunately about two years ago my > Canadian Visa also decided it needed that little extra so it doesn't matter > which card I use now. What I mean by hidden charges is that in the > exchange rate they use includes an extra 2-1/2% and it doesn't appear as an > extra charge. Maybe you have a better Visa account that doesn't charge a > fee - you'd have to check your user agreement > > Cindy Rusak - in sunny, almost looking like spring, Wisconsin. > > - > To unsubscribe send email to [EMAIL PROTECTED] containing the line: > unsubscribe lace [EMAIL PROTECTED] For help, write to > [EMAIL PROTECTED] > > - > To unsubscribe send email to [EMAIL PROTECTED] containing the line: > unsubscribe lace [EMAIL PROTECTED] For help, write to > [EMAIL PROTECTED] - To unsubscribe send email to [EMAIL PROTECTED] containing the line: unsubscribe lace [EMAIL PROTECTED] For help, write to [EMAIL PROTECTED]
