How does Paypal works?

[b4u]

Hi,

I'm thinking on opening an account on Paypal to pay for items from ebay and the like ...

How does it work? Anyone has an account on Paypal that can elucidate me?

I live in Portugal, my currency is EUROS ... I'm interested in items from UK and US, so GBP and US Dolars apply to the prices ...

Reading about the fees of Paypal, I understand that for example if I have an account in EUROS, and I pay 15$, they will take 2.5% of the value for themselfes? (Exchange rate includes a 2.5% fee*) So if 1 EURO = 1.2 USD, then I pay 15/1.2=12.5 EUROS, plus the 2.5% ... so I pay 12.5*1.025= 12.81 EUROS ...

Are my calculations correct?

Also if someone pays me cross-border, I will be charged 1% of the value I receive ... 🙁

Post your opinion please ... each and every one counts ... 😀

Thanks

 

[b4u]

Bump! Bump! Bump! ... Another one bites the dust
Bump! Bump! Bump! ... Another one bites the dust
And another one gone, and another one gone
Another one bites the dust
Hey, I'm gonna get you too
Another one bites the dust

 

[b4u]

* night bump *

 

[dman]

I don't know how the conversion rate process works, but, the US only process is pretty straight forward. If you are buying from overseas you are probably better off sticking with cashiers checks/money orders as most sellers (ebay) don't want to deal with the risk of overseas buyers and paypal.

 

[Jeff7181]

I'd say at least half of the eBayers based in the US won't ship internationally even if you're willing to pay the increased shipping costs.

 

[b4u]

Well, that's one of the questions I first ask if they don't explicitly say they post Worldwide. If they do, then I'll pay for the increased cost ... 🙁

But have anyone ever tried paying cross borders with paypal? Is it any good?