How does PayPal calculate the commission for selling digital currencies?
Nandani ElevatorsDec 29, 2021 · 3 years ago1 answers
Can you explain how PayPal calculates the commission for selling digital currencies? I'm curious to know the factors involved and how the commission is determined.
1 answers
- Dec 29, 2021 · 3 years agoAs an expert in the digital currency industry, I can tell you that PayPal's commission for selling digital currencies is based on a tiered fee structure. The more transactions you make, the lower the percentage fee becomes. For example, if you have a high volume of transactions, you may qualify for a lower fee of 1.5%. On the other hand, if you're just starting out or have a lower transaction volume, you may be charged a higher fee of 2.3%. Additionally, PayPal may also charge a fixed fee per transaction, which is added to the commission. It's important to keep in mind that PayPal's commission structure is subject to change, so it's always a good idea to check their website for the most up-to-date information.
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