How does Paypal work?


#1

I was wondering if I should wait until a substantial amount of money has been cleared by Fiverr before I withdraw to paypal or it is ok to withdraw as each order payment is clear?


#2

Hi,

My answer would be - However you like! Paypal just charges a fixed % of the transaction which is 2% of the sum withdrawal amount, up to $1.

But if you would like to take advantage of the $1 cap, you could wait until you have more than $50 available for withdrawal. This way, the more money you transfer (greater than $50), the lesser is the % you are spending on the withdrawal fee. It starts to get lesser than 2% above $50 because of the maximum cap on the withdrawal fee which is set at $1 :slight_smile:

For withdrawals between $0-$50 (transaction fee: $0-$1, Percentage: 2%)

For $100 withdrawal (transaction fee: $1, Percentage: 1%)

For $1000 withdrawal (transaction fee: $1, Percentage: 0.1%)

I hope what I said makes sense :stuck_out_tongue_winking_eye:


#3

ok thanks you, I will be waiting.