[giotto]

First of all, obviously I meant 2.9%, not .029%.

Were you doing a lot of international transactions? The rate for those is a bit higher, but here is PayPal's current fee schedule:

Purchase payments received (monthly)	Fee per transaction
$0.00 USD - $3,000.00 USD	2.9% + $0.30 USD
$3,000.01 USD - $10,000.00 USD	2.5% + $0.30 USD
$10,000.01 USD - $100,000.00 USD	2.2% + $0.30 USD
> $100,000.00 USD	1.9% + $0.30 USD

[j.argese]

No international transactions whatsoever! Paypal pretended to have seller protection out of the U.S. but in reality it was none existent. No confirmed addresses!