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Daycare Center and Family Home Forum>Talk To Me About Paypal
nothingwithoutjoy 08:20 PM 02-08-2017
A parent just asked if I can accept a payment through paypal. I use paypal personally, to pay for things, but currently take only cash or checks for tuition. Does anyone use paypal and have advice? I see there's a fee. Do you charge more for payments made that way? (I'm certainly not interested in paying to make her life more convenient). It would make the payment for a very weird amount, which makes me inclined to round up if I were to do it. Thoughts?
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MyAngels 09:00 PM 02-08-2017
There is a fee for accepting payments through PayPal. I want to say around 3%. You also don't have immediate access to the funds unless you have a PayPal debit card and they pay with an "instant" payment.

I don't use it for daycare, but I use it occasionally to sell online and it takes two business days for the funds to transfer to my account.
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Lil_Diddle 09:10 PM 02-08-2017
I wouldn't do it personally because of the fee and the waiting period to have access to funds
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CityGarden 11:10 PM 02-08-2017
I paid my daughter's tutor and I was happy she was willing to offer it as I no longer use paper checks. She required I sent the fund via friends or family (no fees) or that I adjusted the mount up whatever the percentage was.... she was okay with when the payment posted to her though.
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DaveA 05:15 AM 02-09-2017
I thought about it but decided not to do because of the fees/ delay in getting money. I use it for my shop stuff, but the fees are built into the prices. Using friends and family on a regular basis is very likely to get flagged by paypal. Especially since you will be doing similar amounts on a regular schedule.
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Meeko 06:14 AM 02-09-2017
Use Venmo. Free for both parties and you get the funds the next day.
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nothingwithoutjoy 06:04 PM 02-09-2017
Thank you!
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heyhun77 07:06 AM 02-12-2017
I have one family that uses paypal when they need to pay using a credit card. Yes there are fees but you can write them off as a business expense. since I have just one family doing this I don't charge the family for the fees.
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