PayPal is a popular online payment service that allows users to make and receive payments online. However, like all online payment services, PayPal charges fees for its use.
PayPal charges a fee for each transaction that is processed, plus a fee for each currency that is processed. PayPal also charges a fee for sending money internationally.
PayPal’s fees can be a significant expense for small businesses. For example, a business that processes $10,000 in transactions each month will pay $120 in fees alone.
These fees can quickly add up and can make it difficult for a small business to afford to use PayPal.
Fortunately, there are ways to reduce or eliminate PayPal fees. One option is to use PayPal’s payment processor, which will reduce the fees that are charged by PayPal.
Another option is to use PayPal’s mobile app, which does not charge fees for transactions.
Overall, PayPal’s fees can be a significant expense for small businesses. However, there are ways to reduce or eliminate these fees.
