Why Do I Need to Pay Paypal Transferring Fee?

Why Do I Need to Pay Paypal Fee ?

It’s very convenient to send money via Paypal, using your debit or credit card, esp. for small amount of money (<=$600), because you can save a lot of time and money will arrive at our account in most of cases (except e-Check). See How to Send and Receive Money via Paypal.

This is why when you order single layer FPC,  Dual Access FPC, Double Sided FPC, Multi-layer FPC, or Rigid-flex circuits from us, if amount is small, we suggest to use Paypal.

And an important thing is: usually it’ll be free of charge for you to send money. See what said on Paypal website:https://www.paypal.com/c2/webapps/mpp/paypal-fees

sending payment is usually free

sending payment is usually free, but at the same time, Paypal will charge money on people whom will receive money from Paypal, so that Paypal can earn money.  See how much Paypal will charge on each transferring:

Selling Fee

Selling Fee

 

 

 

 

 

 

 

 

 

Of course we have applied discount and only need to pay $3.9+$0.30 per time.

Paypal Fee

Paypal Fee

 

 

 

 

 

 

 

 

 

For examples, if you send us $100.00, then Paypal will charge us $100*4% + $0.3=$4.30, and we will receive only $95.70, not $100.

In order to receive full $100.00, buyer should pay $104.37, and Paypal will charge us $4.37 ($104.37*3.9% + $0.3=$4.37), and then we will receive $100.00 ($104.37-$4.37).

In above examples, paypal will deduct 4.37% ($4.37/$100=4.37%) of amount you send. This is why we will ask our customer to pay 4% transferring fee, in order to make calculation more simple.

Normally the cost we quote excludes any transferring fee and need to receive full amount, so we need our customer to support us to pay the Paypal fee.

In fact, even add that fee, it’s still cheaper and more convenient for buyer to pay via Paypal than via bank, if amount is less than $600.00.

If Amount is much bigger, then we will suggest send money via bank as normally wire transferring fee will be about $25-$50 each time.

Any good idea about payment to save time and money, feel free to contact us. Your comments are always welcome!

Best Technology will always be your best partner of single layer FPC,  Dual Access FPC, Double Sided FPC, Multi-layer FPC, and Rigid-flex circuits in China!

How to Send and Receive Money via Paypal

In previous article on Nov 2006, we started to accept the payment via Paypal with your credit card (refer to this: ) Now more people want to know how to send and receive the money via Paypal.

I think people can find the answers in help center of Paypal but seemed people like to see the process in pictures. As preverb says: A picture worths thousands of words. So I wrote this artcile and hope this will help people understand it.

A) Send Money to Paypal A/C

Send money to your customers, your friends is very easily. Login your A/C and click “Send Money” on top position and you will see two opinions: “Send money online” and “Pay for eBay items”. I take a picture showing “send money online”.

Send Money via Paypal 1

Just input the A/C No. (Actually it’s an Email address), amount of money and purpose of this fund, and click “Continue”. You will see a new page to confirm the A/C No, amount:

Send Money via Paypal 2

You can also write a message to receipt, limited to 300 characters.

Send Money Via Paypal

After checking everything is right, then confirm it and money will be sent out.

Very easily? Yeah! Next time let me show how to receive the fund your customers or friends send to you.

I think you’ll like it, Paypal is very convenient for small amount of money transfering, very fast (almost immediately), free to send money, and a little receiving fee (most of time, none).

So my friend, if you order flex circuit, rigid-flex, or any circuit boards, with our company (Best Technology), small amount (less than $500), you can choose this way.

All right. Is everything clear for you now? Any question, write email or leave message here, we will answer it very fast.