If you’d like a full working example with the code, let me know and I’ll pop it up on a website. In my algorithm I run the iteration 7 times to ensure that we end up adding less than 1p to the final total which would of course not affect the rounded to 2 decimal places value, so why 7 iterations? …because with an amount of £100,000,000 after 7 iterations we’d be adding £0.002 to the paypal fees, so I think that accuracy is good enough for me, given most people will be dealing with under £1000. The PayPal fee calculator is a machine, the user takes the decision for the business and personal purposes for sending and receiving money using Paypal. So you add the £0.20 first THEN calculate the same as above with the 3.4% instead of 10%. Of course we are working with 3.4% and £0.20 (in the UK at least). dollars, and the PayPal fee calculator will provide you with the PayPal processing fee. Its easy to use and ensures that your payment calculation is accurate. So if they want to pay us £10 we would ask them to pay £11.11 by the same equation above using the 10% structure. Checkyas PayPal fee calculator is a slick, handy tool that does all your work of calculating the PayPal processing fees. Which gives us: £9.999 or £10 when rounded up to 2 decimals places – so to calculate the fees that we need to be paid to end up with £90 after fees, we need to add 10% on each of the amounts we add until we’re adding less than 1p: – now we KNOW that £100 less 10% = £90 (due to simple numbers) we’ll also ignore the 20p for the moment… PayPal Fee calculator is simple web-based application for calculating: How much money you should ask for How much will PayPal take for self How much will you get if someone sends you X amount of money You can select one of the offered countries to prefill fees, or you can enter params manually. So lets assume the fee is 10% NOT 3.4% just to make it easy to read and understand…. About PayPal Fees and PayPal Fee Calculator. $75.30105 – $0.20 = 75.10105 = $75.10 or 10 cents MOREīelow are the step by step instructions for working this out. Given a net amount they do NOT calculate the gross, he is simply added say 3.4% to the net which is inaccurate but quite some amount.įor example in one post he says: $77.55 is how much you’d have to pay to get EXACTLY $75 back. Paypal Fee Calculator or Paypal CalculatorThis is the best PayPal Fee Calculation website on the Internet specifically developed to calculate exact fees. After paying fees, PayPal would leave the two sellers with: Seller 1 0.67 67.0 of revenue. To do this, we may need to convert the fee amount from your sending balance into the currency in which the fee is payable, in which case the fees for Currency Conversions also apply. Just to let everyone know, with the greatest respect, I’m a developer and a Mathematician and can confirm that Ryan’s calculations are wrong. Personal payments: We will collect the fee from balance in the currency in which the fee is payable. PayPal charges 2.9 of the total plus a flat 0.30 for a typical domestic transaction in US dollars using a card as of February 2021.
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