How to record transactions with PayPal fees?

[Buddha Buck]

On Mon, Jul 8, 2013 at 12:12 PM, Derek Atkins <warlord at mit.edu> wrote:

> How does Paypal choose the amount they take?  If it is a percentage then
> you can just set up a tax table that you can apply in your invoice.  If,
> however, it's from some "table" then it'll be more complicated than
> that.
>

For me, PayPal charges 2.9% of the gross amount, plus $0.30.  So for a
payment of $20, they charge ($20 * 0.029) + $0.30 = $0.58 + $0.30 = $0.88,
so we receive $19.12 of the $20 paid.