john colin
Registered Member
- Nov 12, 2008
- 50
- 31
Hello all,
Since I learned a lot in the very few weeks I spent here, I should give something in return for people here
* Mods, please change the section if you feel its not the right one, I did my best to find the most suitable section and I think this is where this thread should be
I saw almost no mention in the forum about Paypal Mass Pay, so, here is How to Save Money with Paypal Mass Pay
What is Mass Pay? Why Mass Pay?
When you send money using Paypal, Paypal will deduct a transaction fees from the receiver vary from 1.9% up to 4.9% of the transaction amount + $0.30. For a transaction of $1000 for example using the normal way, the fees would be: 4.9% * 1000 + $.30 = $49.30
The sender pays nothing, always the receiver do, this is where Mass Pay came to make sender pays the fees and receiver receive his full funds without cutting anything at all, but wait, don't panic. For a transaction of $1000 for example using the Mass Pay, the fees would be: $1 !!
Yes, only $1 in fees is all what you have to pay regardless of the amount you are sending and the receiver will receive his FULL money, powerfull isn't it?
Imagine you are a seller and receives lets say $1000 a day in sales, actually, you will receive only $950.70 a day because of Paypal fees!
Imagine you are a heavy buyer and spending lets say $1000 a day, and sellers as usuall asks you to add a percentage amount to cover fees, with Mass Pay you end up paying only $1001 a day, only one buck!
How to Make a Mass Pay Payment?
Its very easy to do, you just need a Premier/Business account, follow these easy steps:
1. Open a notepad and type the following:
****separated by tabs (use tab key, not spaces) ... space will DAMAGE the file****
2. Save that file to your desktop in .txt format with the name mass or anything you like, this file in brief telling that you want to send to [email protected] the receiver a total of 90 the amount USD the currency. Just make your own changes each time, change the receiver, the amount or even the currency
tip: you can send money to more than one person at the same time, just duplicate that line as per your need and make the changes you like to each line to pay more than one person
2. Log in to your PayPal account the usual way, but instead of sending a payment the regular way, look for the small link on the bottom of your screen that says (Mass Pay), click on it
3. You are almost done, choose make a Mass Payment now and you will be asked for a mass pay file, just browse to find the mass.txt file on your desktop, and choose the recipient type as email address, send and you are done
You have just sent $90 to that person, deducted $91 from your balance and he received $90 in his balance
Enjoy it every body, save yourself and others some bucks when send/receive money using Paypal
let me know if you need any help with Paypal guys, Enjoy
Since I learned a lot in the very few weeks I spent here, I should give something in return for people here
* Mods, please change the section if you feel its not the right one, I did my best to find the most suitable section and I think this is where this thread should be
I saw almost no mention in the forum about Paypal Mass Pay, so, here is How to Save Money with Paypal Mass Pay
What is Mass Pay? Why Mass Pay?
When you send money using Paypal, Paypal will deduct a transaction fees from the receiver vary from 1.9% up to 4.9% of the transaction amount + $0.30. For a transaction of $1000 for example using the normal way, the fees would be: 4.9% * 1000 + $.30 = $49.30
The sender pays nothing, always the receiver do, this is where Mass Pay came to make sender pays the fees and receiver receive his full funds without cutting anything at all, but wait, don't panic. For a transaction of $1000 for example using the Mass Pay, the fees would be: $1 !!
Yes, only $1 in fees is all what you have to pay regardless of the amount you are sending and the receiver will receive his FULL money, powerfull isn't it?
Imagine you are a seller and receives lets say $1000 a day in sales, actually, you will receive only $950.70 a day because of Paypal fees!
Imagine you are a heavy buyer and spending lets say $1000 a day, and sellers as usuall asks you to add a percentage amount to cover fees, with Mass Pay you end up paying only $1001 a day, only one buck!
How to Make a Mass Pay Payment?
Its very easy to do, you just need a Premier/Business account, follow these easy steps:
1. Open a notepad and type the following:
Code:
[email protected] 90 USD2. Save that file to your desktop in .txt format with the name mass or anything you like, this file in brief telling that you want to send to [email protected] the receiver a total of 90 the amount USD the currency. Just make your own changes each time, change the receiver, the amount or even the currency
tip: you can send money to more than one person at the same time, just duplicate that line as per your need and make the changes you like to each line to pay more than one person
2. Log in to your PayPal account the usual way, but instead of sending a payment the regular way, look for the small link on the bottom of your screen that says (Mass Pay), click on it
3. You are almost done, choose make a Mass Payment now and you will be asked for a mass pay file, just browse to find the mass.txt file on your desktop, and choose the recipient type as email address, send and you are done
You have just sent $90 to that person, deducted $91 from your balance and he received $90 in his balance
Enjoy it every body, save yourself and others some bucks when send/receive money using Paypal
let me know if you need any help with Paypal guys, Enjoy
