PayPal Transaction Fees
It is always free to send money using PayPal, but receiving money is a different story. There is no cost associated with accepting money through a Personal account, but you are restricted by the monthly receiving limit as described in previous articles. Premier and Business accounts are subject to the fees for all received payments. As you can see, the fees you are charged decrease as the amount of monthly revenue you receive increases.
PayPal Transaction Fees (U.S. Accounts)
Monthly Revenue Transaction Fee
$0–$3,000 2.9% + $0.30
$3,001–$10,000 2.5% + $0.30
$10,001–$100,000 2.2% + $0.30
> $100,000 1.9% + $0.30
If your PayPal account receives $3,000 or more in monthly revenue, you can qualify for the better rate. It won’t happen automatically, though; PayPal won’t lower your transaction rate until you fill out an online application and are approved for the lower rate. You must have a sustained history of high transaction volume to get the lower rate.
It is always free to send money using PayPal, but receiving money is a different story. There is no cost associated with accepting money through a Personal account, but you are restricted by the monthly receiving limit as described in previous articles. Premier and Business accounts are subject to the fees for all received payments. As you can see, the fees you are charged decrease as the amount of monthly revenue you receive increases.
PayPal Transaction Fees (U.S. Accounts)
Monthly Revenue Transaction Fee
$0–$3,000 2.9% + $0.30
$3,001–$10,000 2.5% + $0.30
$10,001–$100,000 2.2% + $0.30
> $100,000 1.9% + $0.30
If your PayPal account receives $3,000 or more in monthly revenue, you can qualify for the better rate. It won’t happen automatically, though; PayPal won’t lower your transaction rate until you fill out an online application and are approved for the lower rate. You must have a sustained history of high transaction volume to get the lower rate.
No comments:
Post a Comment