What is partner fee?

in my paypal all my sales from bonanza include a partner fee

asked about 2 months ago

2 Comments

ccmom says: August 05, 2020

taxes..if you look at your invoice here you will see the taxes, which is the exact same amount as what paypal calls the partner fee

EarthFirstNatives says: August 16, 2020

That’s what I thought. But I am asking the question because when I filed and paid my sales tax, I reported the income and listed those amounts under previously remitted as I assumed Bonanza took care of it. I then got a bill for the tax from the state. It appears they didnt submit it.

2 Answers

That would be your sales Tax. Bonanza handles that part for us.

answered about 2 months ago

3 Comments

Atomicdiner says: August 05, 2020

This topic was asked and answered MANY TIMES, if you took some time to look deeper on the ask the community Topics. Yes, it is the TAXMAN who is your silent partner now.

MagnoliaScreens says: August 06, 2020

Reckon B has a sweetheart deal similar to what Corruptbay has in San Jose?

EarthFirstNatives says: August 16, 2020

Apparently they didn’t take care of it. I got a bill from NJ for that same amount they withheld.

And yes, the sales tax your buyer pays to his state, that you never touch or have anything to do with, is part of the total transaction amount PayPal is charging you 2.9% of.

So sellers have to pay the PayPal fee to “collect and disperse” the sales tax.
Doesn’t make sense, but that’s how it is. :(

answered about 2 months ago

Question Vitals

Viewed: 194 times

Asked: about 2 months ago

Latest response: about 2 months ago

To Answer Brilliantly

Remember these tips:

  • Use links to other sources to support your opinions
  • Use examples where possible
  • Put yourself in the inquirers shoes: what extra info would be helpful?

Should I post a comment or an answer?

You can only post one answer, so make it count. Maybe your reply is more fitting as a comment instead?

Post an answer for:

  • Replies that directly and specifically answer the original question

Post a comment for:

  • "Thanks," "Me too," "I agree," or "Works for me" types of replies
  • When you would like the original poster to provide more details
  • When you have more to add to someone else's question or answer

See also our Roundtable FAQ.

Formatting

Community help posts follow certain formatting guidelines, which may impact the look of your post. If you're interested in tweaking the format, instructions are available here.