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How To Replace PayPal's 2.9% + $.30 Invoicing Fee w/ A Flat $0.50 (No Percentage)

Discussion in 'BlackHat Lounge' started by Jared255, Dec 1, 2015.

  1. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    How much has your 2.9% added up to in the past year?

    http://alexisgrant.com/2014/12/05/avoid-high-paypal-fees/
     
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  2. wowhaxor

    wowhaxor Elite Member

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    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?
     
  3. archon10

    archon10 BANNED BANNED

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    hmmm actually very good to know.
     
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  4. Oz0102

    Oz0102 Jr. VIP Jr. VIP

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  5. bugmaster

    bugmaster BANNED BANNED

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    Thank you for this Information, I just wish more providers would offer this service instead of the standard percent plus $.30 charge.
     
  6. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    I believe it's just for invoicing.

    Jared
     
  7. pazocean

    pazocean Junior Member

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    If I didn't miss anything, the post says only for US :(
     
  8. LuckyCharm007

    LuckyCharm007 Jr. VIP Jr. VIP

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    US currencies**

    Great share Jared ! I'm def going to sign up
     
  9. twitter.followers

    twitter.followers Jr. VIP Jr. VIP

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    It does says US currencies in the article but something else in the screenshot,

    [​IMG]
    (For USA to USA invoices only)
     
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  10. Ste Fishkin

    Ste Fishkin BANNED BANNED

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    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!
     
  11. wowhaxor

    wowhaxor Elite Member

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    Bro, you're hurting my feelings.
     
  12. lord1027

    lord1027 Elite Member

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    I actually had no idea this exists, this should be a sticky.
     
  13. VinceC

    VinceC Elite Member

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    damn only for US
     
  14. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    This was my exact reaction as well...
     
  15. Ste Fishkin

    Ste Fishkin BANNED BANNED

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    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?
     
  16. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    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.
     
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  17. amandasmith24567

    amandasmith24567 Newbie

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    Will this work for a Canadian account paying in U.S. currency?
     
  18. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

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    It says US to US Invoicing Only, so NO it wouldn't
     
  19. isot0p3

    isot0p3 Registered Member

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    really good info thanks for this.
     
  20. The Curator

    The Curator Senior Member

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    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.