how to deal with paypal fees

[Pablo Francesca]

Basically, you're just gonna have to eat the loss on this one.  In the future, you'll need factor in paypal costs into your prices. 13 dollars seems like way too much. I pay 3 percent for my transactions.

Its not different than many other merchant processing fees. The only exception is that with paypal they are taking their cut beforehand, as opposed to at the end of the month.  You will need to plan ahead on this, or take the hit in your profits.

--- On Fri, 10/30/09, Josh Trutwin <josh at trutwins.homeip.net> wrote:

From: Josh Trutwin <josh at trutwins.homeip.net>
Subject: how to deal with paypal fees
To: "gnucash-user at gnucash.org" <gnucash-user at gnucash.org>
Date: Friday, October 30, 2009, 8:16 PM

I'm not an expert at book-keeping so curious how others deal with
this.

I invoiced someone for $250 of work - they decided to paid me via
Paypal which took out there $13.00 or something so the money I
transferred from Paypal to my checking account was less than my
invoice amount.  

I'm not sure how best to deal with this - just mark the invoice paid
even though the deposit amount doesn't equal the amount in Accounts
Receivable - or add a "Paypal Fees" account and deduct that somehow?

Thanks for any pointers.

Josh
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