Paypal Payment gateway for freelance website

Discussion in 'Website Development & Design' started by Hazel, Oct 5, 2013.

  1. Hazel

    Hazel
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    PLEASE CHECK WHETHER ITS CORRECT:

    Lets take the criterias first:
    1. Our commission is 15 %
    2. Paypal transaction fee 4.4 % + (0.30 USD fix deduction per transaction)

    1. a buyer buy a 10$ service, this fund will be transferred to our site's paypal account. This is one transaction. So after cutting paypal fee Our website paypal account will get $9.26 USD.
    2. Now seller completes the service we need to give him the money but we will cut 15 % commission from service price ($10) that is $8.5
    this money is deducted form $9.26
    so the profit is $9.26 - $ 8.5 = $0.76
    that's it

    Seller will actually receive $7.826 after paypal fees cut When withdraw the money.
    But it will show that Our website has transferred $8.5 to the seller.

    Is this correct??
     
    #1 Hazel, Oct 5, 2013
    Last edited: Oct 5, 2013

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