Pay Pal Fees
You may hear merchant service providers tell you “WE ARE CHEAPER THAN PAYPAL,” and while that MAY BE TRUE in some cases, for small businesses it IS NOT TRUE.
The reason is simple: Merchant services charge you a monthly rate, a check rate, a transfer rate and more rates (just ask about all the “hidden” charges) and can end up costing you $100’S a month even if you are not selling a thing.
PayPal only charges you when you make a sale. That saves the beginning business person $$$$$. You need to move to a Merchant Service only when you are making lots and lots of sales and your fees would be less than what you are paying on PayPal… then it would indeed save you money.
For those of you wanting to use PayPal for your shopping cart, here are the basic PayPal fees charged so that you can calculate your shipping fees accordingly.
$0.00 USD-$3,000.00 USD
$3,000.01 USD-$10,000.00 USD
$10,000.01 USD-$100,000.00 USD
> $100,000.00 USD
Price Per Transaction
2.9% + $0.30 USD
2.5% + $0.30 USD
2.2% + $0.30 USD
1.9% + $0.30 USD
Does not apply to Website Payments Pro or Virtual Terminal.