PayPal Fee Calculator - Excel Help Forum

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PayPal Fee Calculator

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01-25-2008, 12:52 PM

RickT

Registered User

Join Date: 06 Dec 2007

Posts: 16

PayPal Fee Calculator

I was hoping to get some help with a formula for tracking my product costs.

Paypal charges 2.9% + 0.30 per transaction. So you can easily track the amount that will be deducted as follows:

(([product cost]*2.9)+0.30)

But there is a reverse function in Paypal that teels you what to charge per product to receive a specific cost after Paypal fees, so the customer pays these fees rather than the vendor.

So if, I wanted $5.00 for a product, it would cost me $0.45 to use Paypal and I would net $4.55.

If I wanted to actually make $5.00 per tranaction, the PayPal calculator tells me I would have to charge $5.46.

Given the information above, how can I write a formula in Excel to tell me what I need to charge to make a specific amount, rather than having to type the information into the PayPal calculator all the time?

01-25-2008, 01:21 PM

solnajeff

Forum Contributor

Join Date: 21 Apr 2007

Posts: 183

Pay pal

HI

The opposite function should be

Code:

=(A2-0.3)*100/102.9

giving the net amount from the gross.

Regards

Jeff

01-25-2008, 01:51 PM

RickT

Registered User

Join Date: 06 Dec 2007

Posts: 16

Thanks Jeff,

Can you spell it out for me? I am an idiot...

In my example,

I charge $5.00.
The paypal fees are 0.45 or (($5.00*2.9)-30), so I net $4.55...

Can you show me an example of how I would use your formula to return the $5.00?

Sorry...

01-25-2008, 02:37 PM

RickT

Registered User

Join Date: 06 Dec 2007

Posts: 16

It seems as if this works all right.

=($5.00*(102.99%)+0.3)

I am missing something in the percentage, but it comes out to within a few cents.

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