Sorry if this is a silly question, but I really have not used PayPal much.
An online vendor only takes PayPal as payment. I have a credit card on file for my PayPal account. So, if the merchandise sells for $1000, how much will PayPal charge me?
I read the PayPal help page, which says:
"Sending money – Personal payments:
It's free within the U.S. to send money to family and friends when you use only your PayPal balance or bank account, or a combination of their PayPal balance and bank account.
There is a fee to send money as a personal payment using a debit card or credit card. The fee in the U.S. is 2.9% plus $0.30 USD of the amount you send. For example, if you send $100.00 USD by credit card, the fee would be $3.20 USD ($2.90 + $0.30). For personal payments, the sender can pay the fee or pass it on to the recipient. If the recipient doesn't want to pay the fee, they can choose not to accept the payment."
however, it also says:
"Goods and services – Purchase payments:
There’s no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services (such as from selling an item on eBay), the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive."
So, does this transaction fall into the category of "sending money", or "purchasing goods and services"?
If the former, then I would be charged $29.30 and paying a total of $1029.30, but if the latter, then I should be charged $1000 only.
So which one?