Lower Your Paypal Fees – Apply for Merchant Rate
July 29, 2008 by Suzanne
Filed under Small Business
If you receive more than $3,000 a month through your Paypal account, then you can apply for a lower fee rate. You must apply for the rate, it is not automatically applied to your account. The normal fees for monthly sales (incoming funds) to Paypal are:
$0.00 USD – $3,000.00 USD 2.9% + $0.30 (per transaction) USD
If your sales (incoming funds) are $3,000.01 USD – $10,000.00 USD, the fees are 2.5% + $0.30 (per transaction) USD. If your incoming funds are $10,000+, the rate drops to 2.2% + $0.30 per transaction.
To apply for the lower rate, visit this link, sign …read more
Pros and Cons of Using Immediate Payment on eBay
July 19, 2008 by Suzanne
Filed under Small Business
There are always two sides to every story. We’ve been having a discussion on the eBay Coach Discussion Forum about requiring immediate payment on eBay items. Here are the pros and cons.
Advantages:
When requiring immediate payment, until the Paypal transaction is completed, the item stays in your store inventory. The first buyer to pay for it wins the item.
Buyers know ahead of time that they will be required to pay for the item as soon as they click the “buy” button.
You don’t have to worry about collecting payment from non-paying buyers. If they don’t pay, they don’t win.
Disadvantages:
Buyers can become confused …read more





