Currently, PayPal charges a 30¢ transaction fee, plus 2.9% of the total amount, for business or premier accounts receiving payments. Please refer to the PayPal website for the most current information.
Please note that PayPal does not impose fees to people receiving money through their “personal” PayPal account. That is, every person can have a business/premier account, plus a personal account. We ask authors to tell us which email to use for PayPal payments, so if you have a personal PayPal account, you can provide us with that account information to avoid paying a fee to PayPal to receive your royalties.
Keep in mind, however, that Nitis Books is a business, and we have a business PayPal account. That means we must pay fees on sales processed directly through our PayPal account. So when someone buys a book on our website, for example, we are charged a 30¢ transaction fee, plus 2.9% of the total transaction. In calculating royalties, we deduct those fees from the gross sale total, per the terms of our contract with you.
Posted in: Manuscript Submission FAQ