Paypal Merchant Rate

[teenymunchkins]

I'm not sure if you are all aware of this or not but apparently you can get your paypal fees reduced if you take in more than £1500 in a calendar month. Thankfully I found out about this last week and have now got my fees reduced.

The link is here: https://www.paypal.com/uk/cgi-bin/webscr?cmd=_fees-rate-about-outside

You have to apply for it but it tells you straight away if you are accepted or not.

Hope this is of use to you :-)

alison

[DeputyDog]

Been Approved   

Just got to work out what to do with the £7.00 i save on average a month but does help and stops paypal keeping it 


 

[Gothic Dropshipping]

it all helps! even my worst month of the year has me within the accepted range I applied over a year ago, and half a percent doesn't sound like much but a couple of hundred pounds a year is better in my pocket than paypals!

[DeputyDog]

A bit confused of the min rate before it drops back to 3.4%

Paypal website says turnover has to be above 1500 pounds a month or the rate drops back down.

Then got email saying approved for the new rate but to stay @ 2.90% the monthly turnover must not go under 3000 pounds  a month ?

 

[Gothic Dropshipping]

I think the email is incorrect... just a typo I assume, although it might be worth checking with them

[john123]

Active Merchant www.activemerchant.com makes it extremely simple to use Paypal IPN.

[JhnStcks]

Active Merchant www.activemerchant.com makes it extremely simple to use Paypal IPN.

Yes it is simple, if you want to give your hard earned money away......$500 setup fee, $3 refund fee, £50 chargeback fee.......!  Paypal don't charge to setup a business account and don't charge for refunds.  So thats $503 i have saved just by not signing up.  Easiest money i ever saved I think.