Want lower PayPal fees in 2 minutes? Here’s how.
Jason Malinak of JJMFinance here and I’ve got a quick exercise for you to perform.
PayPal typically charges you 30 cents per transaction plus 2.9% of the value of the sale. There is a way you can lower this fee to 30 cents + only 2.5%, 2.2% or 1.9%! Say what!?!?!? Savings!
Does your Paypal account make at least $3,000 in receipts per month?
Yes? No? Sometimes?
If you answered Yes or Sometimes, follow these steps to apply for merchant status and lower fees:
- Log into your PayPal account.
- Click on “Profile and Settings”.
- Click on “My Money”.
- Click on “Merchant Fees”.
- Click on “Apply Now”.
- Fill out this short form and click “Submit”.
- Find out if you are approved or not for lower merchant rate fees. It’s immediate!
So, if you just applied and got the approval message – Congrats! You are now saving at least $144 per year at a minimum . . . $240 if you have monthly revenue of $5,000. Now, here’s my question to you . . . what will you do with that savings? I suggest you reinvest it back into your business to make you better for the long-term success of your business.
Check out my self-published book – Finding Your Inner Etsy-preneur.
I have no doubt that each time a small business owner invests in themselves to increase their knowledge and skills the ROI (Return on Investment) is immense. Hopefully, these few minutes have had a significant ROI for you today or when you eventually reach $3,000 per month in PayPal revenue!
Regards, Jason Malinak – helping your Etsy shop thrive since 2007!
Hello, I’m Jason Malinak, a CPA that loves Etsy! I’ve been helping Etsy sellers thrive since 2007. In my Etsy shop, JJMFinance, I offer bookkeeping, tax, legal, and financial know-how and tools. I have two published books: Etsy-preneurship and Finding Your Inner Etsy-preneur. Check out my blog Etsy-preneurship.com. I love connecting with small business owners, so feel free to reach out to me with any questions. I enjoy family time, football, reading, and learning. I value passion, excellence, and trust.