How much has your 2.9% added up to in the past year? http://alexisgrant.com/2014/12/05/avoid-high-paypal-fees/
That's actually really good to know, way cheaper especially when you get over $100 or a couple hundred. I've done 3 invoices for over $100 since Sunday and probably wasted like $10-$15. Now I feel like an idiot. Is there a workaround for buy it now buttons too or just invoices?
Thank you for this Information, I just wish more providers would offer this service instead of the standard percent plus $.30 charge.
It does says US currencies in the article but something else in the screenshot, (For USA to USA invoices only)
How the fuck is this not common knowledge. We lost £1,900 in paypal fee's last year... holy shit that's a good 2 week holiday gone because I didn't know this. Fuck!
I'm interested in how this works. Does it simply charge the client more so they essentially pay the fees, or is paypal letting the fee's just be forgotten?
According to the linked post, the fees are forgotten and the client doesn't pay. I'm going to set it up tomorrow and see how it goes. I know a few people who use Freshbooks, and they've always been clear that payment should be made through an invoice when I ask for their payment addresses, so I have a feeling it works.
You have to set up freshbooks or harvest to get business payments lower price. So you will end up with a monthly subscription of at least $15-$25. Which is $833 a month in business before it makes sense to get this AND people can't use credit cards to pay for their products, which is a ton of people's products out there: At first glance, you?d assume you always want to use PayPal Business Payments to get the flat 50-cent fee ? and you do. You want that to be your default. But here?s the drawback: with PayPal Business Payments, the person who pays has to do so with their PayPal balance or an eCheck, which comes directly from their bank account. There is no option to pay via a credit card. For most of our clients, that?s just fine; they don?t want to pay with a credit card anyhow. But some of our advertisers for The Write Life do want to pay with a credit card. You can add this option via Stripe in Harvest, but Stripe charges a 2.9 percent + 30-cent fee for each transaction, which is the same as PayPal Standard Payments. I added the Stripe option to our Harvest account one month for an advertiser, but then a client who usually pays via eCheck opted for Stripe instead, which meant a loss of several hundred dollars in fees? so you can bet that option went out the window.
