Mind blown when I realized PayPal was double charging me on small payments for 2 years

I was adding up my Fiverr earnings for taxes last month and noticed my PayPal fees were way higher than they should be. Turns out I had the 'Receive payments from anyone' option on AND a business account payment fee stacked on top. For my $15 logo gigs I was losing almost $2 each time instead of the $0.50 I thought. What tipped me off was comparing my PayPal transaction history to my Fiverr dashboard side by side. Has anyone else caught a hidden setting like that just eating their profits?

3 comments

3 Comments

shane_morgan5d ago

Nope, I ALWAYS thought PayPal fees were just standard. This definitely changed my mind.

paige_bell815d agoMost Upvoted

Barbaradavis has a point about not overreacting, but @shane_morgan these fees add up fast. I run a small shop on Etsy and PayPal takes like 3% plus 30 cents every single time. That cuts into profits way more than people realize, especially for low cost items.

barbaradavis5d ago

@shane_morgan it's just fees not like they're charging your firstborn, relax.