paypal, how does it work please?

NeverSayNever

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can someone please explain to this numpty how it works? I just sold a rug on ebay for 25.99- so do paypal take a fee from this?
 
If you log in to paypal, click the "fees" link right at the bottom of the page:
Receiving (Selling) for domestic payments

UK and other European Country* Standard rates:

3.4% + Fixed Fee 20p

So for your £25.99 you'll be charged £1.08 if my maths is right!
 
Last edited:
https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-fees-outside

That explains the fees. It's normally not too much and I always use it for buying and selling with ebay. The money sits in your account until your withdraw it and then it usually takes about 5 working days to hit your bank.

You're also covered with paypal protection which is good for ebay and makes refunding etc. much easier.
 
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