How To Reduce Paypal Fees?

Discussion in 'Payment Processing' started by V3King, Jun 1, 2012.

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  1. #1
    Hey Friends, I Wanted To Know That, How Can I Reduce The Fees Paypal Get From me ?
     
    V3King, Jun 1, 2012 IP
  2. log0008

    log0008 Active Member

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    #2
    You can't it just how PayPal make their money/profits
     
    log0008, Jun 1, 2012 IP
  3. Dean F

    Dean F Banned

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    #3
    Use Personal Payment :)

    Paypal Won't Charge You :p
     
    Dean F, Jun 1, 2012 IP
  4. coolrohit222002

    coolrohit222002 Well-Known Member

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    #4
    I used the same thing too. Most people were not aware of this :)
     
    coolrohit222002, Jun 1, 2012 IP
  5. txholdem

    txholdem Peon

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    #5
    here are ways to reduce paypal fees:

    1, tell the payer to send money as "gift".. which most of the time is free to the payer too.
    2, use a personal account instead of a business account
    3, increase your sales volume! you get discount on your fees if your income is like $3K a month for 3 months in a row.
    4, do not use paypal - no fee :eek:
     
    txholdem, Jun 2, 2012 IP
  6. dpsubi1

    dpsubi1 Notable Member

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    #6
    Personal account is not available for every country. As per the paypal TOS, it is only for personal use not for business use. If they found that you are using it for business use, they will limit your account.

    To OP: There is no way to reduce their fees. Checkout other payment processors and compare the fees and the amount you are transferring. Also compare the fees with direct bank transfer. and choose the best one that suits well.

    Personally I use paypal for small transactions and I use direct bank transfer, escrow.com for big transactions.
     
    dpsubi1, Jun 2, 2012 IP
  7. lifeplayer

    lifeplayer Notable Member

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    #7
    As I know PayPal never limit your personal account if you use for business purpose, they will only enforce you to upgrade to premier account once they found big amount transection
     
    lifeplayer, Jun 3, 2012 IP
  8. floramerlin

    floramerlin Peon

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    #8
    Hai,

    Only use Personal Account... :):mad::cool:
     
    floramerlin, Jun 6, 2012 IP
  9. INDIAN123

    INDIAN123 Well-Known Member

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    #9
    if your country supported gift payments then u can reduce fees by sending as gifts
     
    INDIAN123, Jul 17, 2012 IP
  10. dennison21

    dennison21 Peon

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    #10
    i think that has changed now
     
    dennison21, Jul 17, 2012 IP
  11. richie089

    richie089 Greenhorn

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    #11
    do not worry paypal takes very small fees 2.4%
     
    richie089, Jul 19, 2012 IP
  12. INDIAN123

    INDIAN123 Well-Known Member

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    #12
    r u sure personal payments also has charges right now ?
     
    INDIAN123, Jul 19, 2012 IP