Grossup

PayPal goods and services fee calculator

To receive $500.00 from a PayPal goods and services payment, ask for $515.42. PayPal keeps $15.42 at 2.99%.

Your payment

PayPal goods and services: 2.99%.

Invoice$515.42to receive $500.00
  • Fees on this payment$15.42
  • You receive$500.00
  • Fees as a share of the invoice2.99%

The numbers, worked

PayPal's US fee page lists 2.99% for sending or receiving money for goods and services, with no fixed fee.

On a $500.00 payment the fee is $14.95, so you receive $485.05.

To receive the full $500.00: $500.00 ÷ (1 − 0.0299) = $515.42. PayPal's 2.99% of $515.42 is $15.42, which leaves $500.00.

Rates as published on PayPal business fees, Venmo fees, read October 6, 2026. Rates change and can differ for your account, so check yours. Grossup is arithmetic, not tax, legal or financial advice.

Questions

Is there a fixed fee on goods and services?

PayPal's page lists the goods and services rate as 2.99% with no fixed fee. An invoice paid by card adds $0.49.

Is Venmo's goods and services fee the same?

Venmo's fee page lists 2.99% for goods and services payments to a personal account. Its business profile is 1.9% + $0.10; the Venmo page works that out.

Who pays the fee?

PayPal takes it from the payment you receive, which is why you ask for more than the amount you want.

Related

Sending this every month? The card fee invoice template puts the fee line on each invoice.