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It's worth noting that this is an either-or pricing: you either get the micropayments rate or the larger rate. Why they don't give you the cheaper option is be
by bkrausz 16y ago
It's worth noting that this is an either-or pricing: you either get the micropayments rate or the larger rate. Why they don't give you the cheaper option is beyond me...you're paying an arm and a leg to collect on anything larger than $12.
Also, their labs website doesn't work in Chrome: https://micropayments.paypal-labs.com/ https://micropayments.paypal-labs.com/
- StavrosK 16y agoSeriously, what a bunch of money-grubbing assholes. I don't know what they do about the one account limit, but this might very well be for forcing you to choose one or the other. Hopefully Amazon will do the sensible thing.
- jbail 16y agoPayPal says it's cheaper for the seller above $12 to use the $.30 + 2.9% fee. You are skeptical, so let's do the math: $12 x 2.9% = $0.348 + $.30 (flat fee) = $0.648 $12 x 5% = $0.6 + $0.05 (flat fee) = $0.65 The "larger rate" is actually cheaper above $12. Amazon (whose fees are identical to Paypal except their magic number where you move between fee scales is $10) actually creates a "dead zone" above $10 and under $12 where you're charged at the higher rate which is more in processing fees than the lower rate would be.
- bkrausz 16y agoYou misinterpreted what I said: Paypal is saying you can either have the 2.9% & $0.30 rate, or the 5% & $0.05 rate, applied to every transaction in your account. When I say that they should give you the cheaper rate, I mean whichever one costs less for that particular transaction. Right now they force you to choose one.
- jbail 16y agoI gotcha. Thanks for the clarification. I don't use Paypal, so I was just reading their site where I missed the key sentence, "Each PayPal account is associated with only one merchant processing rate." That sucks. I think that makes Amazon a bit more attractive for micropayment processing.