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Re: PayPal Fees

Postby Yugocean » 20 Jun 2019, 06:41

Saving from Paypal is nearly impossible; we need a limit for it, expect for mylot, all other earnings are now Taxed by Paypal.
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Re: PayPal Fees

Postby JASPREET » 20 Jun 2019, 07:09

If there is stiff competition only then paypal will be forced to make changes and lower the fee otherwise not
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Re: PayPal Fees

Postby skysnap » 20 Jun 2019, 07:58

Mass payment system of paypal feature is that it allows mylot type payments where the sender handles the money.
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Re: PayPal Fees

Postby SUPERSINGH » 20 Jun 2019, 15:50

I was on postloop for sometime and was able to receive few fee free payments and it was a great feeling
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Re: PayPal Fees

Postby Yugocean » 21 Jun 2019, 04:58

Previously even PTC payment was without fee, but now Paypal do not support them.
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Re: PayPal Fees

Postby skysnap » 21 Jun 2019, 08:04

SUPERSINGH wrote:I was on postloop for sometime and was able to receive few fee free payments and it was a great feeling


It is part of the mass payment system. Just like mylot. Even the fiverr used to offer that service but now they are charging 1$. And once that 1$ is charged then there is no paypal fees.
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Re: PayPal Fees

Postby SUPERSINGH » 21 Jun 2019, 15:55

I am not aware if postloop has any mass payment program but mylot has that.
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Re: PayPal Fees

Postby skysnap » 22 Jun 2019, 07:35

Yes they do have the mass payment option. I used to only get 1$ standard deduction in Fiverr and no such deduction on mylot and postloop.
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Re: PayPal Fees

Postby SUPERSINGH » 23 Jun 2019, 00:38

Yeah these few websites don't deduct any fee from our payments and there are few micro task websites as well like that.
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Re: PayPal Fees

Postby skysnap » 23 Jun 2019, 07:41

It is a system that manually needs to setup. And the thing is that many websites don't consider making use of the mass payment system.
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Re: PayPal Fees

Postby SUPERSINGH » 23 Jun 2019, 14:11

Few things I like about PayPal is the support system as we can easily contact them and can get our queries answered.
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Re: PayPal Fees

Postby Netherrealmer » 23 Jun 2019, 14:56

I got email from Paypal that my country's government is now going to tax my earnings more. wow
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Re: PayPal Fees

Postby Vehlijanta » 23 Jun 2019, 15:11

My earnings are already taxed and government is already charging Goods and sales tax.
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Re: PayPal Fees

Postby JASPREET » 24 Jun 2019, 04:17

Thus is not something we can control so we don't need to feel that bothered about it
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Re: PayPal Fees

Postby Yugocean » 24 Jun 2019, 06:45

fergus1234 wrote:I got email from Paypal that my country's government is now going to tax my earnings more. wow

We are taxed already, and all taxs are beared by earners; only mylot pays fees first which saves us on extra payments.
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Re: PayPal Fees

Postby raaman » 24 Jun 2019, 06:55

For Indians, PayPal, besides taking its cut as service charges, has also started levying/charging GST. I received an invoice to this effect.
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Re: PayPal Fees

Postby Yugocean » 24 Jun 2019, 06:58

Indians can still ask for refund from government but they will then have to apply for GST number first.
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Re: PayPal Fees

Postby skysnap » 24 Jun 2019, 07:16

Vehlijanta wrote:My earnings are already taxed and government is already charging Goods and sales tax.


Paypal tax is inclusive of GST. There is no additional tax on that. You may have to read how you are being taxed.
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Re: PayPal Fees

Postby JASPREET » 24 Jun 2019, 07:25

paypal fee is less if we compare it with skrill because it would be very expensive to withdraw to bank from Skrill
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Re: PayPal Fees

Postby SUPERSINGH » 24 Jun 2019, 15:32

I tried to play with it by opting for Neteller and that's when I lost around $100 to a scammer :cry:
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