Sedo/Paypal Fee ???? Is this right?

[gptpark]

I recently sold a domain on Sedo for $2500.00US

The transaction was concluded today and the money was transfered to my paypal account. When I checked my account I received only $2184.45

I was charged $250 by Sedo which I can deal with (I guess), but I was also charged $65.55 by paypal to receive the funds?? Is this right or something new? I thought Sedo handled the paypal fees?

Has anyone else had this issue or am I just whining?

thanks

 

[namestrands]

Thats a big wedge to go out via paypal.. should of got them to wire it...

 

[SedoCoUk]

Hi,

Paypal levy a 3% fee to receive funds.
Wire transfer is often free within Europe and, depending on where you are in the world, normally considerably cheaper, but somewhat slower, than Paypal.

Ed

 

[768768]

I was charged $250 by Sedo which I can deal with (I guess), but I was also charged $65.55 by paypal to receive the funds?? Is this right or something new? I thought Sedo handled the paypal fees?

If you have a premiere or business account with PayPal then there is an approximately 3% fee everytime you receive money. It's free for personal accounts but the funds received must be from a PayPal balance or checking account. You can have both a personal and a business account.

 

[mark]

I recently sold a domain on Sedo for $2500.00US

The transaction was concluded today and the money was transfered to my paypal account. When I checked my account I received only $2184.45

I was charged $250 by Sedo which I can deal with (I guess), but I was also charged $65.55 by paypal to receive the funds?? Is this right or something new? I thought Sedo handled the paypal fees?

Has anyone else had this issue or am I just whining?

thanks

---------------------

given the same circumstances, i would have been happy to pay both the sedo and paypal fee. enjoy the money and congrats on your sale.

 

[Theo]

I don't trust Sedo with my bank info ever since a security breach a few months back was perceived as "comical" by one of their German personnel.

Therefore, I switched to receiving paper checks.

 

[namestrands]

I don't trust Sedo with my bank info ever since a security breach a few months back was perceived as "comical" by one of their German personnel.

Therefore, I switched to receiving paper checks.

I remember that incident.. did you find out who was trying to break into your account?

That was not nice of the SEDO guy.. tut tut SEDO guy.:evil: I am sure it wasnt Mr ED though

 

[Anthony Ng]

Has anyone else had this issue or am I just whining?

Sedo sent you US$2,250, and they did their part. PayPal charged you $65.55; that's between PayPal and you, and had nothing to do with Sedo at all. I don't see anything wrong with that. Just some quick thoughts.