How to do PayPal "Mass Pay" payments and avoid fees. Read and learn!

I stumble upon a lot of people all the time who does not know how to pay with PayPal's "mass pay" feature, which only costs $1 in fees, instead of the usual 4%. I will therefore try to write a quick guide on how to do this. It is quick, easy and as long as you're paying with PayPal balance, anyone can do it. Some people believe that PayPal is only charging fees if the buyer is paying from credit card, but this is not right. PayPal charges roughly 4% of the amount from the payee, even though it is a PayPal balance payment.

Mass pay can be made only from a Premier/Business account, not from Personal accounts. Paypal does not charge incoming payments from balance to private accounts, so if you pay someone with a private account, just send normal payment, its free.

I know most of the experienced domainers on this forum knows how to do a Mass Payment, but I thought this might be useful for all the new domainers out there. Here we go..

Mass Payment

According to PayPal's mass pay instructions, you are supposed to create an Excel file with the payment information and save the file as a text file with tab separated values. I believe there is a much easier way to do it:

I. Open up notepad (or any text/ascii editor)

II. Type the following information, separated by tabs (use tab key, not spaces).


An example of a payment text file:

999 USD

This textfile will, when uploaded to PayPal, process a payment of $999 US Dollars to the PayPal address

Save the textfile as anything you'd like, just try to remember where you saved it for later.

III. Log in to your PayPal account the usual way, but instead of sending a payment the regular way, look for the small link on the bottom of your screen that says "Mass Pay". Found it? Good, now click it.

Mass Pay Screenshot

IV. You are now one step away from doing a mass payment. Browse to find the text file you just created in notepad and upload it to PayPal as directed. Type in the e-mail address you want the receipt to be sent to and perform the payment by clicking the button.



Voila! The PayPal recipient has now received his/hers payment and it only cost you $1 in fees, instead of 4% !

Good luck with mass pay payments, it has saved me a couple of bucks as some deals involve adding the 4% fee to the final sales price.

By pcproffenno (DNF)

 

Yeah, that is a good trick.

Not trying to hijack your thread, but I found this out too ... if you are having a higher income coming through the paypal system - for example - are having over 5,000 per month income, you can apply to have your fee's lowered as well

It's not automatic - you have to lodge an application, by going to the fee's link at the bottom, near the mass pay bit

Cindy

 

Good info,are u sure that it can be done from Premier account also,i dont think so.

U should have posted this is Payment processing forum.

 

Never knew about that.

So suppose someone is sending me $500 and pays me via mass payment, will he be charged $1 only ?
(that saves around $20 fees )
also there is no need to upload file if sending to single person, am I right ?

 

Very informative and helpful,I didn't know that,will give it a try.
Thanks!
+ Rep

 

well good trick man repped you

 

thanks for the tip. repped.

 

thanks for this!! does this only work for sending payment? As someone who receives paypal payments is there a way to lower the paypal fees?

 

Bro, Thank you soooooooooooooooooooooo much for this very useful info. Very Very useful info. lol I thought paypal sucks, now that I know about I am loving them like my doggie... hehehe

Thanks Bro. Rep added

 

interesting, a really good thing to know when receiving large ammounts of money Now i only need the large ammounts of money, i know how to do that...

anyway, rep added for a great info

 

paypal charges .64$ per 10$ i recieve

moreover for direct payments they dont charge any fees:O from my account for small payments like 10$ .

please reply

thanks

 

Didn't know about this - thanks - rep given

 

I still don't get something. If I'm sending payment I don't usually get charged but the other party. so why would I use this when sending payments to people ?

 

Great share,I'm sending you a rep+

 

Repped. Wonderful info.
A list will include each payee per line right ?

 

Exactly what I was thinking.

How is this supposed to supposed to save US fees and work when receiving payments? I don't get it...

 

Nice info anyway...

 

http://www.dnforum.com/f34/how-do-p...s-read-learn-2-thread-266771.html#post1357991

 

Can I ask my buyer to pay me via mass pay ? suppose, he wants to send me $500, will be charged $1 only ?

Really needs help on this !!!