We are struggling with PayPal. After much investigation, we have determined PayPal is actually charging us 3.49% + $.49 for each transaction. Also this is applied after the TT event fee + charge. So in order to recoup the cost from the families, we would need to charge 3.65% + $.49.
Actual example attached
Example:
- Event Fee $ 67
- Plus TT fee set to 2.99% + $.49 which is listed at $2.57
Although the $ TT comes up with is still unknown. I think it should be $2.51 at the most. I have seen other posts on the mystery math but no resolution. - PayPal amount used for base line is now $ 69.57
- PayPal’s fee is 3.49% + $.49 becoming $2.92
- Sender pays $69.57 + whatever fee PayPal charges sender
- What we get from the sender is $66.65 ($69.57-$2.92) still not enough for the event.
MY QUESTIONS FOR OTHER TT USERS PLEASE
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How to you handle the PayPal madness? Do you use non-profit status with PayPal? Is there another PP or TT hack you use?
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For Stripe users, are the fees similar to PayPal? I can’t figure out their fee structure without having an account.
Thanks so much!
Kim