A PayPal Fees Calculator Makes Online Selling Easier

When you’re selling stuff online, or even being paid via PayPal, you need to know how much using that service will cost you. This is where a PayPal fees calculator comes into play. There are easy to use web pages and apps which will do the maths for you. Let’s have a look at how this can benefit you and your online selling.

PayPal Fees Calculator

If you are doing a lot of online selling, use a PayPal fees calculators like this one from Transferwise. It will do all the number crunching for you. It will work out your PayPal fee, based on both the fixed and variable fees once you’ve input your amounts. For example, if I click that I am based in the UK and the buyer is also based here, I can type in that they’ve paid me £327. The standard rate is 2.9% (although this can change depending on your account type) which works out to be £9.48 variable fee and a 30p fixed fee. Leaving me with £317.22. It’s good to know how much you’d need to set your costs at in order to cover being paid by PayPal.

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PayPal Friends & Family

If you’re getting paid through PayPal for work, you might suggest to your client that they pay you via PayPal Friends & Family. This doesn’t have any charges associated with it, but it also doesn’t give you any protection. So unless it’s someone you know and trust or the work has already been done, be sure to go through the traditional PayPal payment route. You can always include your own bank details on your invoice. Then clients can pay straight into your account by bank transfer, avoiding fees altogether.

Sell Online For Free

Of course, PayPal charges you for using their platforms, as does eBay if you were wanting to sell on there. There are a couple of ways of selling your items which don’t charge you. Facebook Marketplace lets you list your items for sale. Then local people in your community can collect, paying you cash in hand. Gumtree is also free to use, although it does have extras which are chargeable. You don’t always have to incur charges when you sell online.

There are a number of PayPal fee calculators online and ones which even incorporate eBay charges too. Find one that you like the look of and you find easy to use. This way, you’ll be sure of maximum profits!