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Benjamin Ramey
2024-08-10 08:53:16 -05:00
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12
Freelance/OAP/OAP PayPal calculations errors.md
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@@ -1,9 +1,9 @@
| | | | | | |
|---|---|---|---|---|---|
|Total|Actual fee|Net|Expected Net|Actual percentage||
|103.2|3.29|99.91|100|(3.29 - .3) / 100 = 0.0299 * 100 = 2.99|103.2*0.029 + .3 = 3.2928|
|499.29|14.78|484.51|484.93|(14.78-.3) / 484.93 = 0.0299 * 100 = 2.99|499.29*.029+.3 = 14.7794|
|550.74|16.27|534.47|534.93|(16.27 -.3) / 534.93 = 0.0299 * 100 = 2.99|550.74*.029+.3=16.2715|
| | | | | | |
| ------ | ---------- | ------ | ------------ | ------------------------------------------ | ------------------------- |
| Total | Actual fee | Net | Expected Net | Actual percentage | |
| 103.2 | 3.29 | 99.91 | 100 | (3.29 - .3) / 100 = 0.0299 * 100 = 2.99 | 103.2*0.029 + .3 = 3.2928 |
| 499.29 | 14.78 | 484.51 | 484.93 | (14.78-.3) / 484.93 = 0.0299 * 100 = 2.99 | 499.29*.029+.3 = 14.7794 |
| 550.74 | 16.27 | 534.47 | 534.93 | (16.27 -.3) / 534.93 = 0.0299 * 100 = 2.99 | 550.74*.029+.3=16.2715 |
We are sending a payment of 103.20 to paypal which is what they then use to make the 2.9% + $0.30 fee calculation instead of basing it off of $100. So, the fee ends up being $3.29 instead of $3.20.