PayPal Charges Whoa!
@hexeduser22 (7419)
Philippines
October 15, 2022 4:24am CST
Well, you all know what happened to my old PayPal account and since I couldn't recover it properly I created a new one.
I got paid for one of my side gigs and all transactions went through PayPal. I got charged a whopping $7.++ which is more than what I get here in Mylot in a month
I didn't expect the fees were that high now. I guess you need to pay high for convenience, but I still do not trust them when it comes to securing my money.
Do you use any other platforms to receive payments?
I didn't expect the fees were that high now. I guess you need to pay high for convenience, but I still do not trust them when it comes to securing my money.
Do you use any other platforms to receive payments?10 people like this
9 responses
@jobelbojel (35511)
• Philippines
15 Oct 22
I think you were paid a huge amount from you gigs. PayPal only charges a small amount. Though the exchange rate is a little bit lower than the regular exchange rate. Say $1 is PhP58, PayPal rate is only PhP56.
I think you received more than $100 to be charged $7 fee.
5 people like this
@hexeduser22 (7419)
• Philippines
15 Oct 22
Yeah, the exchange rate is on the low side. Will there still be local bank charges if I were to withdraw the money? It's been so long since the last time I got paid
3 people like this
@hexeduser22 (7419)
• Philippines
15 Oct 22
@Beestring I guess it's the same for everyone of us living outside the US
2 people like this
@Beestring (14531)
• Hong Kong
15 Oct 22
Yes, Paypal's exchange rate a a bit lower than the regular rate for USD to HKD too.
3 people like this
@May2k8 (18356)
• Indonesia
16 Oct 22
@hexeduser22 It could be because you are using a business account.
2 people like this
@hexeduser22 (7419)
• Philippines
16 Oct 22
I didn't reach the taxable amount. It was just their regular fees for paid services and goods
2 people like this
@hexeduser22 (7419)
• Philippines
16 Oct 22
@May2k8 not a business account. The fees would have been cheaper if I was on a business account
2 people like this
@hexeduser22 (7419)
• Philippines
15 Oct 22
Haven't tried Skrill. My client is not used to remittance services and other non US local bank transactions so it's hard to recommend something I'm also not familiar with. I will still check it and see if it's a better option for me.
Thank you
1 person likes this
@hexeduser22 (7419)
• Philippines
15 Oct 22
I used the PayPal invoice to get paid. My payment was considered as selling my services and not as a Personal transaction, hence the charge
2 people like this
@LadyDuck (471354)
• Switzerland
15 Oct 22
@hexeduser22 - Yes, in this case you have charges.
2 people like this
@arunima25 (87770)
• Bangalore, India
15 Oct 22
PayPal charges some fees but not that huge. It's a small amount. Though it would be good if it had no charge but a little cut is fine.
You must have received some big amount to pay that much for fees.
2 people like this
@hexeduser22 (7419)
• Philippines
15 Oct 22
I guess you're right. We pay for convenience and security of the service
2 people like this
@hexeduser22 (7419)
• Philippines
17 Oct 22
@arunima25 I have to stick with PayPal and be happy with it, for now
1 person likes this
@arunima25 (87770)
• Bangalore, India
17 Oct 22
@hexeduser22 Yes. I only use PayPal for my online earnings. I am happy so far.
1 person likes this
@DevMrSamEleazar (14058)
• Philippines
15 Oct 22
well paypal really charges for people in other countries. like how I got charges also lol
2 people like this
@hexeduser22 (7419)
• Philippines
15 Oct 22
Do you have a lot of other income streams that pays through PayPal, other than Mylot?
2 people like this
@DevMrSamEleazar (14058)
• Philippines
16 Oct 22
@hexeduser22 nope. I dont have any, just mylot
2 people like this
@hexeduser22 (7419)
• Philippines
16 Oct 22
@DevMrSamEleazar I was about your age when I discovered Mylot
2 people like this
@hexeduser22 (7419)
• Philippines
19 Oct 22
I was in the same exact situation. I was really surprised how expensive the fees are
1 person likes this
@hexeduser22 (7419)
• Philippines
16 Oct 22
This is client to PayPal charges at the moment. I'm not sure anymore how much I would get charged if I withdraw the money through my local bank
1 person likes this
it's hard to earn money@cacay1 (83437)
• Cagayan De Oro, Philippines
16 Oct 22
@hexeduser22 PayPal charges us and so with Union bank PayPal affiliated bank also charges us.
1 person likes this
@lifecoachjerusalem (1286)
• Israel
16 Oct 22
I often use Payoneer to transfer money for my online teaching. They charge $3.00 flat rate fee for bringing money in. Paypal charges 2% or so of the money coming in, so I have to calculate which is better for the amount of money I need to transfer. Of course there are some platforms that only use Paypal, so I can't choose. But every little bit helps to finish the month.
1 person likes this
@hexeduser22 (7419)
• Philippines
16 Oct 22
2% only if you are using PayPal business, but 4.4% +$0.40 if using PayPal personal. How do you request payment through Payoneer?
@lifecoachjerusalem (1286)
• Israel
16 Oct 22
@hexeduser22 wow, the rate went up. I will check my acount there, more reason to switch to another payment processor if possible.
1 person likes this
