Lower Your Paypal Fees – Apply for Merchant Rate

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 into your Paypal account, and complete the questions. Once you apply, you will receive a confirmation email from Paypal explaining your rate and the necessary criteria to keep that rate.

[Image Source: Flickr]