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12-04-2008
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Contributing Member
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Join Date: Nov 2008
Location: CA
Posts: 62
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Those that take payments with PayPal
If your client pays you through PayPal and uses a credit card to pay, do you pay the fees or do you ask the client? thanks
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12-04-2008
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Resident Member
Company name: Virtual Business Services
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Join Date: Sep 2007
Location: Oklahoma, USA
Posts: 1,125
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Re: Those that take payments with PayPal
I pay the fees. I consider it an overhead expense.
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Rebecka Melson ~ Virtual Business Services
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12-04-2008
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Contributing Member
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Join Date: Nov 2008
Location: CA
Posts: 62
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Re: Those that take payments with PayPal
OK, any other thoughts? I have my first client and I didn't think of this problem.
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12-04-2008
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Contributing Member
Company name: Crofoot Business Services, LLC
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Join Date: May 2008
Location: Southwest Wisconsin
Posts: 156
Blog Entries: 4
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Re: Those that take payments with PayPal
I do not pass along the PayPal fees. I look at is as a convenience that I am choosing to accept PayPal so that I receive payment sooner, with less risk. I also accept checks, but the risk there is the check wouldn't clear.
I book it as a bank service charge.
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12-04-2008
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Active Member
Company name: Administrative Partners, LLC
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Join Date: Apr 2008
Location: Virtually Anywhere
Posts: 670
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Re: Those that take payments with PayPal
I pay the fees as well. Although I need to investigate other services where the fees are less expensive.
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12-04-2008
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Contributing Member
Company name: Office Diva
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Join Date: Mar 2008
Location: Egypt
Posts: 236
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Re: Those that take payments with PayPal
Yup, hands up from me too to say that I cover PayPal expenses (maybe in a business-sense it's not the best solution, but I think clients appreciate it)
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"Instead of looking for things that have gone wrong and trying to fix them...Look for things that went right and try to build on them" Tom Peters
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12-04-2008
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Resident Member
Company name: Your Virtual Wizard
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Join Date: Sep 2008
Location: Florida-Gulf Coast
Posts: 1,362
Blog Entries: 5
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Re: Those that take payments with PayPal
I pay the PayPal fees and build it in as cost to doing business.
The convenience is outstanding. I don't have many clients using PayPal
but that thought might change if I was being charged alot for this convenience.
After a while, I am sure it can become expensive.
__________________
Janine Gregor, Your Virtual Wizard Sign-up Wizard'z Wordz, A Charming Newsletter
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12-04-2008
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Contributing Member
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Join Date: Nov 2008
Location: CA
Posts: 62
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Re: Those that take payments with PayPal
Well this client only wants to pay me with PayPal or Google Checkout, which is fine. But I taken this client at a lower rate than what I would like to charge, basically because its my first client and I want to get experience. So I didnt even think about the fees, and now I feel like Im loweing my rate of pay even more. I dont want to be unprofessional though.
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12-04-2008
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Contributing Member
Company name: Crofoot Business Services, LLC
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Join Date: May 2008
Location: Southwest Wisconsin
Posts: 156
Blog Entries: 4
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Re: Those that take payments with PayPal
Beth, depending on the invoice amount, it may less costly to accept eChecks via PayPal, though the wait time is longer (3-4 business days) the max fee is $5 per eCheck. That would require the client paying you via this method rather than instant payment.
Were the terms spelled out in the contract payment method etc?
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12-05-2008
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Contributing Member
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Join Date: Nov 2008
Location: CA
Posts: 62
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Re: Those that take payments with PayPal
Well, I have drawn up a contract and submitted it to her to look over. Thats when I realized that paying with PayPal would incur fees. After I sent her the contract to look over, thats when she told me she wanted to cut the hours I would work in half. So I need to make changes to the contract anyway before its signed. Im a bit worried about the situation anyway. Im afraid she might be a bit flaky.
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