Hi, can anyone please tell me how to reduce paypal fees, I am paying near about 5-8% of my income as paypal fees. I am having a premier account. Suggest please Thanks
I updated to premier but later emailed to PayPal and said that I would use my account for accepting payment from freelancing sites. And they downgraded to personal again without asking anything. And informed that next time if I upgrade then can not downgrade later. If you are in similar situation you may ask them to downgrade although if your transactions are huge then can't suggest.
No, actually, I use my paypal account for getting payments for my products like on eBay, still is there any other option to reduce the fees ?
We would all like to know that, but it doesn't seem possible. PayPal wants to get as much out of you as possible. And if you sell on eBay you pretty much have no choice. Increase your prices if you can. Yes paypal will end up getting even more money, but so will you.
You can tell the people who send you the money to make an echeck. It takes a few days to process but its always a 5$ fee.