Paypal

[gemfyre]

Okay, I opened a Paypal account to make the sale of all these ponies easier.

I have a basic account.

So, can someone confirm that this is how it works.

1. I give my e-mail to the payer.
2. They pay in their currency (or is it US currency? I'm giving prices in USD just for ease).
3. When I figure the exchange rate suits me, I go to Paypal and convert the foreign currency to Aussie dollars. I couldn't see anything about there being a fee for this, but I want to make sure.
4. If I withdraw less than $150Au they charge me $1. If I wait until all the sales are made and then withdraw it (likely to be a few thousand bucks) then I get charged nothing.

I'm just worried about hidden fees and hitches and things.

Comments

[lotus79.livejournal.com]

I think there is a fee for exchange; they call it a "cross border fee". So best to wait til all the payments are in before you convert to AUD.

I've looked through their site though, and can't find that info. Damn, they make it difficult!