If you have a personal PayPal account you use to send or receive money online, you generally pay nothing to manage your account unless you’re converting foreign currency. If you’re a merchant who receives payments through PayPal or have a premier account, you pay a percentage of your receipts to cover the costs — nothing is totally free, right? The following table shows the PayPal fee schedule:
| Activity | Personal Account | Premier or Merchant Account |
|---|---|---|
| Opening a PayPal account | Free | Free |
| Sending money | Free | Free |
| Withdrawing funds from your account | Withdrawing to a US bank is free; the fee for withdrawing to an international bank account varies by country. | Withdrawing to a US bank is free; the fee for withdrawing to an international bank account varies by country. |
| Adding funds to your account | Free | Free |
| Receiving funds | Free | $0.01 to $2,999.99: 2.9% plus $0.30 per transaction Merchant Discounts: $10,000.01 to $100.000 — 2.2% plus $0.30 per transaction Over $100,000: 1.9% plus $0.30 per transaction |
| Converting from one currency to another | 2.5% fee | 2.5% fee |
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Source:http://www.dummies.com/how-to/content/paypal-fee-schedule.html
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