09-28-2010, 02:52 PM
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Executive Editor, Android Thoughts
Join Date: Aug 2006
Posts: 3,233
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Quote:
Originally Posted by Fritzly
I am missing something: he paid $1.00 and will receive $0.82, am I correct? If so the fee is 18%
What do you mean by 2.75% plus $0.15? If the fee is 2.75% who gets the $0.15?
I am definitely missing something ..........
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The fee is $0.15 per transaction + 2.75%, so on $1.00 it is 18%. However on $20, the fee would be $0.70, 14% of the transaction. On $100, the fee would be $2.90, 2.9%, etc...
Jon.
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Dr. Jon Westfall, MCSE, MS-MVP
Executive Editor - Android Thoughts
News Editor - Windows Phone Thoughts
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