HELP!!! Fees Are Killing Me!!!!!
I kind of have a question plus a statement.
I do a lot of payments through paypal as it seems to be the easiest for most people.
Paypal charges a very small fee for these transactions, something like 2.9% plus $0.30 (I think) and this is really not that much when you look at each transaction singularly (usually cents on the dollar or maybe a dollar and some change for a big one.)
BUT
For all transactions adding up it gets a bit ridiculous!
For example last month alone I lost over $300 to fees! And that was a slow month.
Now I know Paypal has got to make their money somehow but it's really starting to annoy me. I'm losing a lot of money over time to fees. I haven't done the exact math but in the last few months I've lost about $1000 to transaction fees.
This is the true sense of nickel and dime-ing someone to death.
My question is is there another way to take care of this?
I'm sure I will have to pay some sort of fees no matter where I go and what I use, somewhat like a bank account, but I've never had a bank account that has taken hundreds of dollars in fees.
I don't know if I should use a different service because it may make things a little difficult for some.
Also I was considering asking my clients to transfer money via the personal options. Personal transfers through Paypal are free.
I think there may be a problem that may arise with this, and that is if there's a lot of money transfering through "personal" it may raise some eyebrows at Paypal.
I'm not sure if it would but let's say $2000 in one month is "personally transferred" to me they may not like it.
Please Warriors help! Is there a solution to this?
Or am I doomed to paying out the wahzoo in fees?
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