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Complete rip off with outrageous fees
Person orders product from us. Invoice is $6,128.05. The take 2.9%. Oh but wait, we paid for the ‘privilege’ of a Virtual Terminal. Now we have the honour of paying 3.1% + $0.30. Now since we have 2 paypal accounts and a US Bank account on US Soil, and our paypal accounts have Canadian addresses, we further have the honour of paying another fee. That fee is $201.00 to transfer the funds from our paypal account to our U.S. Bank in New York State. The total of which is 7.2% of the total amount of the Invoice. We work on a very low profit margin. This is unacceptable. We have to now refund the customer the total amount of the invoice since we cannot work for nothing.
I really hope someone cleans paypal. Totally cleans them.
Similar ComplaintsPosted: October 26, 2012 at 2:16 pm
Comments : 1 Post a Comment
PayPal may not charge you monthly fee (I think they do when you use the virtual terminal however) but all other fees wit they are outrageous. I don’t know how they calculate conversion rates but it is never of any rate that I am aware of always much higher. Plus you never know when they might limit your account and put a stop to your cash flow.