How to lower your PayPal fees - Virtual Assistant Forums

Tess · #1 (**permalink**) 02-27-2010

This is news to me, and I do wish I'd known about this a long time ago - but if you bring in more than $3k via PayPal every month you can 'apply' to have your fees reduced from 2.9% plus .30 cents to 2.5% plus .30 cents on each incoming payment.

The application is only about five questions, and approval was immediate. .4% isn't a TON of money at first glance, but it all adds up and there is no sense in paying out more than you have to!

Here's more info.

I hope this helps someone!

annerene · #2 (**permalink**) 02-27-2010

Anything helps, Tess! I love finding ways to reduce my expenses. Thanks for the tip.

Your Virtual Wizard · #3 (**permalink**) 02-27-2010

Thank you, Tess. Good information. Every little bit helps.

Janine

catfive · #4 (**permalink**) 02-27-2010

I just want to make $3,000 a month so I have the option, lol!

executive_assist · #5 (**permalink**) 02-27-2010

I think there is an old adage about the wise man watching his pennies for pennies create dollars or something Tess. Very helpful info, as usual. Thanks.

Kim Starry · #6 (**permalink**) 02-27-2010

Thanks so much for sharing the info Tess. Rather in our pockets than PayPal's.

Balanced Business Service · #7 (**permalink**) 02-27-2010

Thanks Tess. Yes it does all add up and quickly.

"Beware of little expenses. A small leak will sink a great ship."
-- Benjamin Franklin

Thanks!

leedrozak · #8 (**permalink**) 02-28-2010

Thanks Tess,

I will be sure to pass this on to my Paypal clients too.

Action Jackson VA · #9 (**permalink**) 02-28-2010

Thank you for sharing this information Tess! I had no clue either and I have been using PayPal since they opened their virtual doors!!

Thanks again,
Andrea~

Tess · #10 (**permalink**) 04-17-2010

Glad this information was helpful!

I think as small business owners who support other small business owners we are obligated to ourselves and our clients to grab every opportunity to put money back into the business [instead of someone else's!]