The Wholesale Forums

[technik_dubai]

Hi,

I am in the process of building my own wholesale/dropshipping website. I am planning to use PayPal as a method of accepting payments. My transaction amount is between 200 - 1500GBP per transaction. I was planning to introduce 3.5% add-on (incorporated into the unit price) to cover PayPal fees. Can anyone please advise if this figure is reasonable taking into consideration that I will be offering free shipping to the UK & EU?

Thank You
TechnikDubai

[pablow123]

Yes it is reasonable.

[technik_dubai]

i.e will that cover more or less my paypal charges? I cant seem to work out how much they charge for different amounts, is there a formula to calculate that? Regards

[greedyboy]

20p + 3.4% I believe unless you have a merchant rate with them.

[Andy777]

Make sure you take into costs exchange fees if you're dealing with several currencies.

[Saajan]

This PayPal calculator might help you:

http://www.ppcalc.com

[technik_dubai]

Cheers guys! You have been very helpful

[Declang]

Personally I wouldn't be too impressed with someone who would only let me pay by paypal but expects me to pay more for it, especially when they want you to pay more than what the fees are going to be.

[Saajan]

Originally Posted by Declang

Personally I wouldn't be too impressed with someone who would only let me pay by paypal

Well PayPal only is coming to eBay soon. You impressed by eBays decisions?

[TYLOLA]

Greedy boy beat me to it (yet again lol!), he's right it's 3.4% + 20p as this will be taken off your receiving payments... Another thing to consider is eBay fees if you plan on selling on there too, i'm still playing around with getting it right as it depends what your selling price is - i just work on an average of 7.5% plus promo fees (i.e: subtitle, bold, gallery e.t.c...)

Hope this helps & happy trading
Steve