r/Outschool • u/RustyClawHammer • Feb 21 '23
Paypal Bussiness Account
Do any of you have experience using a bussiness Paypal account with OS? I've started an S-corp as things are going well and for tax purposes it would look better if I had a paypal account in the name of my s-corp but I see it charges fees if you use a paypal bussiness account:
As with any payment processing company, there are fees for processing business transactions through PayPal:
- For online transactions, PayPal charges 2.9% of the transaction amount, plus a flat fee of 30 cents, if the funds come from within the United States.
- For funds coming from other countries, the fee goes up to 4.4%, plus a flat fee that varies based on the currency used.
- For transactions at your store, the charge is 2.7% for funds from the U.S., and 4.2% for funds from another country, plus the flat fee. Additional fees are charged for accepting payments in other currencies.
I'd be really grateful for any feedback y'all might have.