Hi,
I’m currently using PayPal Express Checkout as my payment provider because Shopify Payments is not available in my country. I’m aware that when using a third-party provider like PayPal Express, there are transaction fees involved.
As I understand it, there are two types of fees I need to consider:
- Shopify transaction fees is 2%.
- PayPal fees, in my case is 4.9% + $0.30.
I did a test payment where the order cost was $10, and the payment was processed through PayPal Express. When I reviewed the order payment details in the Shopify admin, I noticed that the fees deducted were $0.79. I received a total amount of $9.21 into my PayPal account, I believe that fees is the PayPal fee as (($10.00 * 4.9%) + $0.30) = $0.79.
My questions are:
1. Whether the Shopify transaction fees, which are 2%, are already deducted and included in the $0.79 fee that was deducted when the order was processed (clearly it does not, as the $0.79 represents the PayPal fees), OR do I need to pay the Shopify transaction fees separately at a later time?
2. How do the Shopify Transaction fees get allocated after the purchase is made?
3. Also, is there any way to view the Shopify transaction fees? Please note that I’m not using Shopify Payments. I did check the Settings > Billing > Bills, and there was nothing there & Setting>payments> there is no “View Payouts” option.
I would appreciate any clarification on this matter. Thanks