PayPal Payouts

PayPal is the easiest way to make payments for the FPA, but there are some things to keep in mind.

Currency

The FPA PayPal account has balances in two currencies: US dollars (USD) and EUROS (EUR). PayPal freely moves money between the USD and EUR balances to cover pay out amounts.

Transfers may be made to accounts in other currencies, but exchange fees may be levied.

Transfer Fees

Transfers between PayPal accounts are free. Transfers from PayPal to our bank account are also free.

PayPal collects a fee on each donation, but the amount of the fee can be difficult to predict. The fees depend on the amount of the transaction and the Paypal “regions” involved. A good estimate is 3.5% of the transaction amount plus 0.39 EUR.

An Example

Jacques Developer is awarded a USD1000 FPADF grant and requests payment via PayPal.

An FPA administrator …

PayPal and regulations

The FPA PayPal account operates under Belgian/EU regulations which may impose limitations on payment methods and destinations.