[Jeffery]

PayPal Merchant Accounts allows for "Reduced Rates" when you reach a specific amount of sales. The savings can be anywhere between .5% to 1% depending on the country you established your PayPal account.

The criteria for the U.S.A is +$3,000.00 and Germany is +€5,000.00. In other words, when your Merchant Account processes those figures you can apply for Volume-Based Merchant Rates.

Here is how to apply and save hundreds of dollars:

1) Log into your paypal account

2) Click on "fees" at the bottom of the page

3) Click on the link that says "1.9% to 2.9% + $0.30 USD"

4) Click on "Merchant Rate Criteria"

5) Apply for a merchant rate by clicking on "apply now"

It is a manual process, but if you meet the criteria you'll instantly be upgraded

Jeffery 100% :-)

[Admin]

Hi Jeffery,

That's a great tip, and thanks for sharing it with us.

Lol now I know how to finally save some money with the PayPal fees.

[Jeffery]

Hi Mary,

Glad you like it. My accountant sent me my projected income for 2009 with a note that I will save about $800 in PayPal fees on one PayPal Account. Smiling all the way to the virtual bank

Jeffery 100% :-)

[RandiVonSmack]

What an awesome tip! Thanks so much. On my way to Paypal now.....

[heathcole]

Thanks so much! PayPal has gotten pretty greedy lately and I hate seeing my money get dwindled away bit by bit in fees to them. I was not aware of this option and will definitely look to see if I qualify. Thanks for posting!

[buffalo]

Originally Posted by Jeffery

The criteria for the U.S.A is +$3,000.00 and Germany is +€5,000.00. In other words, when your Merchant Account processes those figures you can apply for Volume-Based Merchant Rates.

Oh. That is $3,000/month. I don't qualify.

[Mercuryman3a]

It is basically volume driven I suppose. The higher your turnover and the greater the volume of sales, the more you stand to gain. Getting upto 1% off is quite a sum if you have high volumes. This is a wonderful tip you have given and I am sure a lot of people will take advantage of this.