Refund of paypal
Refund of paypal
I am a little confused! If clients pay via paypal for their secuirty deposit then presumable the 4% charge stills applies to that payment. Does this mean that although you can refund the correct amount without charge to yourself back to them they are still paying 4% on that 100 or so initially which they, as guests, do not get back? Sorry but does that make sense
The 4% charge is applied to you, not to your client -- so if you charge them $100 they'll pay that, and you'll receive $96 of it. (If you want them to pay the 4%, you'll have to manually calculate it and charge them extra.)
When you go to refund the deposit from that, PayPal will refund all or part of the fee. So if all $100 was the security deposit, and you refund it all, you are refunding the $96 that got to you, and PayPal puts up the other $4. In effect, it erases the transaction -- PayPal doesn't keep the fee.
I hope that's the answer to the question you asked?
When you go to refund the deposit from that, PayPal will refund all or part of the fee. So if all $100 was the security deposit, and you refund it all, you are refunding the $96 that got to you, and PayPal puts up the other $4. In effect, it erases the transaction -- PayPal doesn't keep the fee.
I hope that's the answer to the question you asked?
Brooke
paypal
Hmm I think so!! I don't want guests to pay charges on monies from paypal that I am refunding (and neither do I!) so If I work out a rental price of say £130 rental should I be working the 4% onto the £130, add the £100 secuirty deposit as it is, so do I ask £239.20 or £235.20?
-
- Posts: 13173
- Joined: Sat Apr 30, 2005 8:42 am
- Location: French Alps
- Contact:
It's always a good habit to let the guest know in advance of the 4% and charge them for that....
I love to blog for http://forum.thriftytuscany.com/
-
- Posts: 13173
- Joined: Sat Apr 30, 2005 8:42 am
- Location: French Alps
- Contact: