Ashlie K Posted April 11, 2007 Share Posted April 11, 2007 I had someone send me a payment for credit card which I dont do and it clearly stated to upgrade and heres the part that shocked me....Its a fee of 4.9%.It went up from 2.9 to 4.9.Just something for those who do accept credit cards. Quote Link to comment Share on other sites More sharing options...
IndyGirl Posted April 11, 2007 Share Posted April 11, 2007 I just checked my paypay account and the fees listed are:Monthly IncomePer TransactionTransaction Price Example$0.00 USD - $3,000.00 USD2.9% + $0.30 USDYou’ll pay $3.20 USDon a $100.00 USD transaction.$3,000.01 USD - $10,000.00 USD2.5% + $0.30 USDMerchant Rate qualification requiredYou’ll pay $2.80 USDon a $100.00 USD transaction.$10,000.01 USD - $100,000.00 USD2.2% + $0.30 USDMerchant Rate qualification requiredYou’ll pay $2.50 USDon a $100.00 USD transaction.> $100,000.00 USD1.9% + $0.30 USDMerchant Rate qualification requiredYou’ll pay $2.20 USDon a $100.00 USD transaction. Quote Link to comment Share on other sites More sharing options...
IndyGirl Posted April 11, 2007 Share Posted April 11, 2007 Made a mess of that copy/paste! Anyway I didn't see any changes to the fee structure. So, I wonder what happened? Quote Link to comment Share on other sites More sharing options...
Monica Posted April 11, 2007 Share Posted April 11, 2007 I believe if you have a personal account you may take 2 or 3 cc payments without upgrading..but the fee is higher.I bet that is what happened! Quote Link to comment Share on other sites More sharing options...
sudsnwicks Posted April 12, 2007 Share Posted April 12, 2007 What happened is that personal accounts could not receive credit card payments in the past. Now they've changed it so you can. The fee is 4.9% + $0.30 and there's a limit of 5 such transactions per 12-month period. Business accounts are still charged 2.9% + $0.30, there's no change there as far as I know. So if you think you'll be getting credit card payments more regularly, it may benefit you to upgrade to have the lower fee. Quote Link to comment Share on other sites More sharing options...
IndyGirl Posted April 12, 2007 Share Posted April 12, 2007 Ok, I read the whole thing! You have to upgrade to premier account, which is free.......they just comfirm your bank account. That's what I have and have used for ebay for a while otherwise I couldn't get cc payments. So, you need to do this upgrade to get your fees back down! It's so easy to do and well worth it! Quote Link to comment Share on other sites More sharing options...
Nanasnecessities Posted April 12, 2007 Share Posted April 12, 2007 The bad deal with paypal is you will have to pay for everything that comes in like it was a credit card. If they have money in their account and it transfers to you, you will still have to pay the card fees.They also have the premiere account rates and then the merchant rates for cards. You might have to jump a few hoops to get the merchant but it is worth it. Quote Link to comment Share on other sites More sharing options...
sudsnwicks Posted April 12, 2007 Share Posted April 12, 2007 The bad deal with paypal is you will have to pay for everything that comes in like it was a credit card. If they have money in their account and it transfers to you, you will still have to pay the card fees.Yes, this is the disadvantage of having the business account. In Ashlie's case, if it's only a few credit card payments here and there, it could still be cheaper for her to pay the higher transaction fee than to have the lower transaction fee levied on all payments. Quote Link to comment Share on other sites More sharing options...
Crafty1_AJ Posted April 12, 2007 Share Posted April 12, 2007 The bad deal with paypal is you will have to pay for everything that comes in like it was a credit card. If they have money in their account and it transfers to you, you will still have to pay the card fees.Yeah, I've never considered that to be really fair. Processing a credit card payment? Fine and dandy; take your fees. Fair enough.But when someone's sending instant cash and they take the fees out there too, well ... I think that's a rip-off myself. Quote Link to comment Share on other sites More sharing options...
mystical_angel1219 Posted April 13, 2007 Share Posted April 13, 2007 Paypal fees have not changed, I just took CC thru my Co-op.They let you do 5 CC transactions per yr at 4.9% on a personal acct.If you have a Business or Premier, it's still 2.9%. Quote Link to comment Share on other sites More sharing options...
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