I've never had to deal with Paypal fees before, anyone care to go into depth so I understand what we're dealing with here?
If we pay you £12 then you will lose £0.61 in fees.
12.00 GBP = 12.00 GBP (1 GBP = 1.00000 GBP)
- 0.00 GBP (2.5% Currency Conversion Fee)
- 0.41 GBP (3.4% PayPal transaction fee)
- 0.20 GBP (PayPal fixed fee)
= 0.61 GBP (PayPal Fees)
= 11.39 GBP (Amount Received)