PAYPAL *UNIVENTURE

PayPal is a payment processor that allows you to send and receive money online. When you make a purchase with PayPal, you'll see a charge from "PayPal *UNIVENTURE" on your statement. This charge is for the service fee that PayPal charges for processing the transaction. The service fee is typically 2.9% of the total transaction amount, plus a fixed fee of $0.30. For example, if you made a purchase for $100, the service fee would be $2.90 (2.9% of $100), plus $0.30, for a total fee of $3.20. When you receive money through PayPal, the sender will also be charged a service fee. The sender can either absorb this fee themselves, or they can choose to pass it on to you. If they choose to pass it on to you, you'll see the charge from "PayPal *UNIVENTURE" on your statement as well. Ultimately, the PayPal *UNIVENTURE charge is for the service fee that PayPal charges for processing transactions. The exact amount of the service fee will vary depending on the total transaction amount and whether or not the sender passes on the fee to you.