Paypal is a leecher!

20 Aug

My generous cousin from Asia decided to send me $150 CAD through Paypal for her beloved McD Minions, a part of the monies is for other things.

Paypal has a processing fee of 4.1% to the receiver.  So they took a cut of $6.15, I ended up receiving $143.85.  

Paypal charges a withdrawal fee of $0.50 for amounts under $150.00.  I get dinged again for transferring the money to my bank account. -_-

That’s the costs for sending money internationally.  

Withdraw Funds to a Bank Account (Unique Transaction ID # )
Total amount:   -$143.85 CAD
Fee amount:   -$0.50 CAD
Net amount:   -$143.35 CAD

Date:   Aug 20, 2013
Time:   14:41:53 GMT-04:00
Status:   Pending
  You made a request to transfer money from your PayPal account to your bank account. The transfer will complete in 5-7 days.

Bank Account
Transfer to:   ING DIRECT Chequing (Unconfirmed) x-XXXX

2 Responses to “Paypal is a leecher!”

  1. Liquid August 20, 2013 at 2.33 #

    Darn Paypal and their high fees. Too bad there aren’t any other viable businesses to compete with them yet 😦 I always keep a bit of money in my Paypal account, like $100 or so, for when I want to buy random stuff on eBay later, lol.

    • agentfang August 20, 2013 at 2.33 #

      Yea, too bad. Why don’t you use credit card payment through Paypal? Instead of keeping $100 cash in there. Seems like someone is eBay buyer hehe!

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