Friday, January 9, 2009

Fatty Fees and Paypal

**Important Information if you are using paypal for the pool**
In order to keep the Fatty Fees in the pool at the entire $5.00 amount, our Paypal account will only accept Paypal balance transfers or cash transfers.
Why?
Well, if you pay with a credit or debit card, Paypal assesses the recipient a number of fees. So, the $5.00 you actually owe would only reflect a payment of $4 and some change by the time the fees are taken by Paypal. For that reason, to keep it fair, payments have to be cash. Hopefully that isn't a big deal to anyone, but we want the Pool at the end to be the maximum it is supposed to be, not less because of the Paypal fees.
Simply go to Paypal, click on "add bank account" and when you "send money" you switch the "payment" part to "bank account," not debit or credit card.
Any Questions, please email me.

No comments: