Best way to take small payments ? (<$5)

Discussion in 'Payment Processing' started by sjohal2006, Feb 8, 2009.

  1. #1
    Hi there,

    best way to take small payments being less than $5, but I hope to get a fair amount of payments per month....needs to I guess look semi-professional .... :confused:


    Much appreciated :)
     
    sjohal2006, Feb 8, 2009 IP
  2. Seed Byte

    Seed Byte Peon

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    #2
    Signup for a PayPal account. Most people online accept/use PayPal these days.
     
    Seed Byte, Feb 8, 2009 IP
  3. sjohal2006

    sjohal2006 Active Member

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    #3
    I don't think that will be a viable option due to the fact Paypal have been awful in the past, and banned my account, therefore is it ok for me to just set up a new one? Problem here being, I'd be raising up to $50k...but in very small intervals I guess, I guess most will come from individuals, so around $10k from the internet.
     
    sjohal2006, Feb 8, 2009 IP
  4. mail2kamaal

    mail2kamaal Banned

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    #4
    use paypal with mass payment option
     
    mail2kamaal, Feb 8, 2009 IP
  5. Seed Byte

    Seed Byte Peon

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    #5
    Your best option is to setup another PayPal account.

    A tip:

    Never store too much money in your PayPal. Always try transferring it to a bank account.
     
    Seed Byte, Feb 8, 2009 IP
  6. 7seven

    7seven Active Member

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    #6
    Paypal is the best...
     
    7seven, Feb 8, 2009 IP
  7. kellywriter

    kellywriter Banned

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    #7
    I think paypal is the best too, but dont accept cc payment otherwise they will start charging you for every transaction and it will affect your small transaction.
     
    kellywriter, Feb 8, 2009 IP
  8. nitinleew

    nitinleew Well-Known Member

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    #8
    You can use personal paypal account..
    But you should use premier/business paypal account for online business

    You can use premier paypal account receive the money from CC
     
    nitinleew, Feb 8, 2009 IP
  9. cepunk

    cepunk Peon

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    #9
    how much is good to store in paypal?
     
    cepunk, Feb 8, 2009 IP
  10. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #10
    It depends. Maybe around $500 to $1000.

    DON.
     
    deluxdon, Feb 8, 2009 IP
  11. RightMan

    RightMan Notable Member

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    #11
    It depends on the type of activity you do online and the amount you foresee to be in need at a short notice.... Try and keep the amount as much less as possible. Paypal anyway does not pay you any interest on such funds...then y keep more lying idle?

    Regards,

    RightMan
     
    RightMan, Feb 8, 2009 IP
  12. diaadriansyah

    diaadriansyah Peon

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    #12
    PayPal easy for transfer your money
     
    diaadriansyah, Feb 8, 2009 IP
  13. paitken

    paitken Peon

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    #13
    Just so you know paypal has micro payments. You have to have a business premier account, I believe. It's recommended for those who plan on taking < $12. The fees are: 5% & .02 cent per transaction. So with a 1.00 transaction you get 90 cent and with normal fees it'd be 67 cent. 23 cent. with 10k that's 230.00 -- that you wouldn't have.

    Just google for the link.
     
    paitken, Feb 8, 2009 IP
  14. poshswinger

    poshswinger Active Member

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    #14
    Try to use masspay in Paypal to save your transfer your fee.
     
    poshswinger, Feb 9, 2009 IP