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> But PayPal has quite large fees. From a 9 USD payment, they take like 10%. Isn't this because the flat fee is something like 50 cents, and you pay an additio
by ValentineC 8y ago
> But PayPal has quite large fees. From a 9 USD payment, they take like 10%.
Isn't this because the flat fee is something like 50 cents, and you pay an additional ~3.x% on top of that?
- ksec 8y agoYes, I think it is like 35 Cents + 3.5% or something like that, end up being ~7.5%. And if you include other cost like chargeback etc and averaged out it is likely close to 10%. Which is why I don't understand how Patreon operate at only 5%.
- ValentineC 8y ago> Which is why I don't understand how Patreon operate at only 5%. I don't have a Patreon account myself, but it seems like their 5% cut is separate from any payment processing fee that their creators incur: https://support.patreon.com/hc/en-us/articles/204606125-How-does-Patreon-calculate-fees-for-creators- https://support.patreon.com/hc/en-us/articles/204606125-How-...