Note that PayPal does not offer a method of calculating the desired amount after their commission!
Amount after Paypal fees + Fixed Paypal fee Amount (0.30$) = Fixed Amount Charge
Fixed amount Charge / (1- (Paypal rate / 100)) = Payment Amount
Payment Amount – Amount after Paypal fees – fees Amount = Fixed Amount Paypal percentage fees
PayPal Canada offers digressive rates based on the amount of monthly sales
|Monthly sales on Paypal||Paypal commission on each transaction|
|from 0$ to 3000$||2,9% + 0,30$|
|from 3000,01$ to 12 000$||2,5% + 0,30$|
|from 12 000,01$ to 125 000$||2,2% + 0,30$|
|from 12 000,01$ to 125 000$||1,9% + 0,30$|
The most common rate is 2.9% + $ 0.30.
Paypal only charge 1.6% + $ 0.30 as a commission from nonprofit organizations. Also the commission amount remains same no matter how much is the transaction amount is.
For any micropayments, Paypal changes 5.0%+$0.05/transaction.
Paypal is an easy method of paying online. It’s free to buy something with PayPal unless it involves a currency conversion. It is easy to send money through Paypal and it is quick, easy and secure process. You can easily send money or you can buy groceries or pay for your online tuitions through it.
You may find margin of error of $0.01 in the calculator of paypal reverse fees.
You can find more about the Canada Paypal here.