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Huh, so either you have the micropayments rate on for all payments or none. Interesting! 0.05x + 0.05 = 0.029x + 0.30 : x=$11.90 Fees would be: $0.10 vs $0.3

Huh, so either you have the micropayments rate on for all payments or none. Interesting! 0.05x + 0.05 = 0.029x + 0.30 : x=$11.90 Fees would be: $0.10 vs $0.33 on $1 $0.15 vs $0.36 on $2 $0.30 vs $0.45 on $5 $0.55 vs $0.59 on $10 $1.55 vs $1.17 on $30

redis_mlc 6y ago
I think you're describing payments, not micropayments.
- owenversteeg 6y ago
  PayPal US micropayments rate is on the left, payments rate is on the right :)
  - redis_mlc 6y ago
    Again, I think you're describing payments, not micropayments. $1.55 is not a micropayment.
    - Talanes 6y ago
      I think you're misreading the chart, as $1.55 is a fee on it. They're showing how Paypal's Microtransaction rate becomes more expensive for large transactions.
PaulDavisThe1st 6y ago
Nope, you have two paypal accounts, and route your payment processing according to whether the amount is < US$12. Been doing that for around a decade. Make a substantial fraction of my income from US$1 payments.
- owenversteeg 6y ago
  Huh, does Paypal not get upset at that? Given the stories with PayPal freezing everything on a hair trigger I'd be very worried. Or is it officially allowed?
  - PaulDavisThe1st 6y ago
    When I first did this, I ran into problems because PayPal didn't automatically allow more than one of their accounts to be "linked" to the same external bank account. I got written approval for that. Recently I had to update my information with them (after a long-distance relocation), and they were entirely fine with the two account state. The stories about PayPal freezing everything on a hair trigger are indeed worrying, but after using PayPal to collect the majority of my income for 12-15 years, my attitude is that these stories are just another example of how the internet magnifies the bad/abnormal and buries the normal. There's no doubt that they happen, but in the context of the total amount of activity that PayPal is involved in, my sense is that they are a tiny, tiny fraction.

redis_mlc 6y ago

I think you're describing payments, not micropayments.

owenversteeg 6y ago
PayPal US micropayments rate is on the left, payments rate is on the right :)
- redis_mlc 6y ago
  Again, I think you're describing payments, not micropayments. $1.55 is not a micropayment.
  - Talanes 6y ago
    I think you're misreading the chart, as $1.55 is a fee on it. They're showing how Paypal's Microtransaction rate becomes more expensive for large transactions.

PaulDavisThe1st 6y ago

Nope, you have two paypal accounts, and route your payment processing according to whether the amount is < US$12. Been doing that for around a decade. Make a substantial fraction of my income from US$1 payments.

owenversteeg 6y ago
Huh, does Paypal not get upset at that? Given the stories with PayPal freezing everything on a hair trigger I'd be very worried. Or is it officially allowed?
- PaulDavisThe1st 6y ago
  When I first did this, I ran into problems because PayPal didn't automatically allow more than one of their accounts to be "linked" to the same external bank account. I got written approval for that. Recently I had to update my information with them (after a long-distance relocation), and they were entirely fine with the two account state. The stories about PayPal freezing everything on a hair trigger are indeed worrying, but after using PayPal to collect the majority of my income for 12-15 years, my attitude is that these stories are just another example of how the internet magnifies the bad/abnormal and buries the normal. There's no doubt that they happen, but in the context of the total amount of activity that PayPal is involved in, my sense is that they are a tiny, tiny fraction.