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PayPal Mass Pay Feature Save Ton's of Money Now!!!

Discussion in 'PayPal' started by jhbalaji, Jun 26, 2009.

  1. #1
    have found this useful in web for PayPal Transicitons and shared here friends....
    PayPal MassPay feature was originally developed to send payment to one or multiple recipients and the sender pays the transaction fees and not the recipient does not has to pay any PayPal transaction fees. Now as domainer, webmaster of if you are offering designing and development services on the web you are bound to receive payment of your services through PayPal (which remains the preferred and popular payment method). Mass Payments can be only made through PayPal Premier or Business accounts.


    To make a Mass Payment you will have to use the balance of your PayPal funds and you cannot use your Credit card to make the payment.
    The current transaction fee for Mass Payment is 2% per payment, with a maximum of $1.00 per payment (so a lot of money can be saved in fees).
    Steps to making a Mass Payment:

    1. Click on the Mass Pay link at the bottom after you login to your PayPal account.
    [​IMG]


    2.Click on the “Make a Mass Payment” link as shown in the figure below.
    http://www.amitnyamtabad.com/wp-content/uploads/2008/12/make-a-mass-payment.jpg


    3. PayPal needs a tab-delimited file containing your recipients(s) information so that you can send a mass payment.
    http://www.amitnyamtabad.com/wp-content/uploads/2008/12/make-a-mass-payment231.jpg


    4. The MassPay format file can be easily created with Notepad. Open Notepad type in the recipient email address [press tab] amount you wish to be transferred [press tab] and then the currency. Once you enter all the details then you can save the file on your desktop for easy reference.
    [​IMG]


    Step 5: Coming back to the Mass Payment screen as in Step #4 we locate the Mass Payment file along with the other details as shown in the figure and click the “Continue” button.
    [​IMG]


    Step 6: Next you will see a confirmation screen to validate the payment details as you have entered through the Mass Payment file. Once you cross-check all the details are perfect. You can click on the “Send Money” link and the payment will be successfully delivered and the recipient will not be charged any transaction fees and you (sender) will have to bear a $1 fee for sending the mass payment.
    [​IMG]
    You will see the Mass Payment is completed almost instantly using the “My Accounts” link.
    Is making Mass Payment Safe?

    Mass Payment offers no protection for the buyer so make sure that you trust the recipent of the payment as Mass Payments can also not be cancelled.
    Saving Money with Mass Pay:

    So the next time you are looking for payment for a particular payment by PayPal for various services, domains or anything else make sure that you direct your clients to this PayPal Mass Payment tutorial save money on the transaction fees.



    Credits to Amit: http://www.amitnyamtabad.com/paypal-masspay-feature-to-save-transaction-fees/
     
    jhbalaji, Jun 26, 2009 IP
    Will.Spencer likes this.
  2. jhbalaji

    jhbalaji Well-Known Member

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    #2
    Why no reply guys????????
     
    jhbalaji, Jul 4, 2009 IP
  3. jimmyslyder

    jimmyslyder Banned

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    #3
    ummm. no idea about that..
     
    jimmyslyder, Jul 4, 2009 IP
  4. Slincon

    Slincon Well-Known Member

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    #4
    it saves money for the receiver not the sender, the sender basically pays the paypal charge -so if you send someone $1 they actually get $1 not 97 cents or whatever fee paypal charges for your account.
     
    Slincon, Jul 4, 2009 IP
  5. zaker78

    zaker78 Active Member

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    #5
    interesting :)
     
    zaker78, Jul 4, 2009 IP
  6. Red_Virus

    Red_Virus Well-Known Member

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    #6
    Thanks a lot for taking the post of my blog and posting it here, I am very happy that you liked it :)
     
    Red_Virus, Jul 4, 2009 IP
  7. rathin

    rathin Peon

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    #7
    thanks for the info it may save few $$ for seller

    let me try it and update it here
     
    rathin, Jul 4, 2009 IP
  8. kleszcz

    kleszcz Member

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    #8
    IMHO not new info but thanks for the detailed explanations.
     
    kleszcz, Jul 4, 2009 IP
  9. jhbalaji

    jhbalaji Well-Known Member

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    #9
    Amit i am Balaji mate...
    How are you???hope too fine
    :)
     
    jhbalaji, Jul 4, 2009 IP
  10. jhbalaji

    jhbalaji Well-Known Member

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    #10
    Yeah really mate i have transaction fees of $7 for $173 payment and this one helped me a lot...
    thanks
     
    jhbalaji, Jul 4, 2009 IP
  11. jhbalaji

    jhbalaji Well-Known Member

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    #11
    Thanks buddy :)
     
    jhbalaji, Jul 4, 2009 IP
  12. jhbalaji

    jhbalaji Well-Known Member

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    #12
    Not mate Mass Pay usually helps in Mass transaction only..
    Even if you send $1000 you will be charged $1 only and the receiver gets the $1000 as such mate...
     
    jhbalaji, Jul 4, 2009 IP
  13. jhbalaji

    jhbalaji Well-Known Member

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    #13
    Ok mate'ss thanks for all your replies!!! :)
     
    jhbalaji, Jul 4, 2009 IP
  14. RightMan

    RightMan Notable Member

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    #14
    Mass pay facility has been devised specifically for affiliates who wish to send payments to multiple clients at once and are ready bear the charge on their behalf.

    If you repeatedly use this feature for single payment, paypal might completely withdraw this facility from you. So use it wisely and take care not to abuse the same.

    Regards,

    RightMan
     
    RightMan, Jul 4, 2009 IP
  15. Red_Virus

    Red_Virus Well-Known Member

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    #15
    This feature has been used by domainers for years and use of the MassPay feature is an advantage for PayPal as their liability comes down to zero. When the mass payment is made, no claims/disputes/reversals can be made on the mass payment. So be careful and send a mass payment only when you trust the recipient and vice versa.




     
    Red_Virus, Jul 4, 2009 IP
  16. jhbalaji

    jhbalaji Well-Known Member

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    #16
    Thanks Amit it mainly helps in Mass Transaction mate...
     
    jhbalaji, Jul 4, 2009 IP
  17. RightMan

    RightMan Notable Member

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    #17
    Is it then perfectly legal to request your trusted buyer to pay you through a mass pay mode, deducting the $ 1 charge ?

    Would Paypal consider such requests against their rules and enforce penalty? :confused:

    If it is perfectly alright, I would love to use this payment mode repeatedly, for my transactions involving large sum! :rolleyes:

    Regards,

    RightMan
     
    RightMan, Jul 4, 2009 IP
  18. jhbalaji

    jhbalaji Well-Known Member

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    #18
    Mate mass pay will help you in saving lot of money when you transferring money more that $50
     
    jhbalaji, Jul 4, 2009 IP
  19. thewarlock

    thewarlock Peon

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    #19
    That's interesting. Thanks for the detailed info.
     
    thewarlock, Jul 5, 2009 IP
  20. jhbalaji

    jhbalaji Well-Known Member

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    #20
    Welcome mate.. :)
     
    jhbalaji, Jul 5, 2009 IP