paypal deducts money from payments?

Philippines
March 20, 2010 10:59am CST
Just verified my paypal account and I had two different experiences in receiving my payments. The first one I received $3 or so and paypal deducts .40c. The other one I received $80 without any deductions. The latter says it's an instant payment. How do I send my own instant payments so that there will be no fees deducted? HOw come paypal deducted a percentage of the 1st transaction? What kind of payment is that? Personal? Help... Did I mention I almost failed all of my math subjects?
1 person likes this
13 responses
@Ramsesxlll (1436)
• Finland
20 Mar 10
I'm not sure, but shouldn't it be so, that the personal account doesn't cost anything and that the premier account does cost? I'm not at all sure about this, but I think it is like this. At least a myLot friend of mine told me so. I'm at least hoping, that it's so. Ouch... What did you get from your math?
• Philippines
21 Mar 10
there are no monthly maintenance fees with the premiere or personal accounts I think. But I'm wondering about the transactions fees. Always on the brink of failing--math.
• Finland
21 Mar 10
Yeah, that's exactly what I was wondering too. I do know that PayPal doesn't have any fees for just having the money, but for getting and sending. Hopefully they (if there are) won't be too big, because I don't get so much... My brother too is soo close to failing, almost all of his school subjects... Good luck in the future :D
1 person likes this
• Philippines
21 Mar 10
Yep .34c is big if you're only earning a dollar per article or something. Good luck to your brother. Thank goodness earning online doesn't require too much math...well only at least the basic ones. Like counting the days til the next payout.
@sunnycool (12736)
• India
20 Mar 10
If they send you money as goods or services then it would deduct a fee Girl---all the instant payments are sent as personal if i'm not wrong .LOL at the last sentence of your post---so you really hate maths---even i do so (quiet opposite).great day.
2 people like this
• Philippines
21 Mar 10
I don't hate math. IT loathes me. oh that's why fees were deducted, my employer was from India. I heard personal payments are not allowed in India anymore.
@ramp123 (191)
• India
21 Mar 10
It's nothing to do with personal or otherwise. It depends on the amount you receive or pay. Check the rules and regulations. There is a tab on top which tells you that if it is below a certain amount, there will be a commission, above the amount is free.
1 person likes this
• Philippines
21 Mar 10
really? checking that out right now.
• Philippines
21 Mar 10
can you post exact link here or PM it to me? Just had a nosebleed from reading all that technical stuff.
• United Arab Emirates
23 Mar 10
Don't have a paypal yet will get one soon,thanks
1 person likes this
• Philippines
23 Mar 10
goodluck on using paypal. I just had mine verified.
@carmenzhj (120)
• New Zealand
21 Mar 10
They do charge you a certain percentage fees for high user. The minimum fees is $.40 for the payment you received below $50. For $50 above the fees will be a standard fees plus 1% of whatever you received. So it was counted monthly. So if your first land on the end of last month's high volume activities for example then you will be charged for the fees. But as for the second payment it might just land in on the beginning of the month.
1 person likes this
• Philippines
23 Mar 10
I think the deductions show on the paypal statement and the details in paypal itself. Looked and look but the second one did not get deductions.
• Hong Kong
21 Mar 10
I think instant payments require some fee. In myLot, they pay you at a certain date (15th). They do this so that they save a great deal of fees. I think it's called mass pay or something like that. You have to upload a file...I'm not exactly sure.
1 person likes this
• Philippines
21 Mar 10
I saw the mass option at Paypal. It has to be 5000 or more I think. Whew. 200,000 ++ Mylotters every month. That is a lot.
@umit_umit (1986)
• India
21 Mar 10
well,still i have not even got anything from the pay pal!
• Philippines
21 Mar 10
from Mylot? I still haven't met payout so...
@jd107nette (1456)
• Philippines
21 Mar 10
thank goodness i came accross your discussion... ^_^ thanks for the information.. I haven't tried to have any payments yet so this discussion really is informative and helpful.. thanks
1 person likes this
• Philippines
21 Mar 10
no worries. I was really curious anyway.
@rosekiss (30260)
• Eugene, Oregon
21 Mar 10
I have never had paypal deduct anything from my account when I have the money transferred to my bank account. Now there are sites I do, that will take a little out of my accounts before I get the payment, but I have never ever once had any money deducted from paypal when I asked for the money to be sent to my bank account. I really don't understand it myself. If you are concerned though, I would contacgt paypal and ask why. It really makes no sense to me whatsoever. good luck to you and happy mylotting.
1 person likes this
• Philippines
21 Mar 10
NO, it's not when I send money to my bank. It's when I receive money from other people.
@Ritchelle (3797)
• Philippines
23 Mar 10
i think it doesn't take much math to know why paypal deducts. it's a business and they have people and machinery to maintain. besides check out paypal's site and it is plainly stated in clear terms that if the amount to be withdrawn is in a certain range they are going to deduct fees. if you don't want deductions from paypal you have to reach a certain high amount to withdraw .
• Philippines
23 Mar 10
well my only problem is that the employer should shoulder the costs of sending the money since we the fees for our services does not cover the transfer rate of paypal. If I had known that I had to shoulder it then I would have asked for more.
1 person likes this
@Ritchelle (3797)
• Philippines
24 Mar 10
i understand where you're coming from but this is paypal's way of earning. in my part i have to sacrifice a bit (am not yet getting my earnings till i reach the minimum amount for no paypal deductions). sadly, that's quite a lot already in philippine peso. but well by that time paypal earned something for sure from me already and i've saved a lot also...
• Philippines
26 Mar 10
yeah deductions do lokk big if you're earning pesos. how much it the paypal no deduction thing?
1 person likes this
• United States
16 Apr 10
i dont think that paypal deducts money from payments. unless you live outside of the united states. it depends on where you live. some places have fees for it and some places it costs less. so it really depends on where you live.
• Philippines
16 Apr 10
I think you are right there. Aside from the paypal % that it gets from transferring funds, it also charges us for currency conversion. I just don't know if there is an option to keep it in US dollars.
• United States
29 Mar 10
does it really do that. i had no idea that paypal did that. but i think that paypal only does that to people who live outside of the U.S. or mabey it only did that because the sites made you deduct some of the money that you had earned. i dont really know. well best of luck with earning.
• Philippines
29 Mar 10
I think it does that even you live inside US. Thanks for the boost of confidence.
@setsuna26 (2410)
• Philippines
27 Mar 10
Im sorry about your math subjects. You should study more next time when it comes to those kinds of subjects pretty hard indeed. About paypal there are such transactions that deducts a certain percentage but it aint that much.What really matters is that your paypal is working and thats what you should be thankful of ;) Im kinda pissed with those kinds of deductions too ;)
• Philippines
27 Mar 10
oh, are you from India?