Apply for the PayPal Merchant Rate for cheaper fees
Do you take more than £1500 a month in payments via PayPal?
It’s one of those little secrets that a surprising number of eBay and ecommerce sellers who use PayPal don’t know. Basically, if you sell a lot and take a lot of payments via PayPal then you’re eligible for lower fees.
You have to apply, needless to say and they don’t shout about it. Every time we mention the scheme on Tamebay (and we do it periodically), an old hand seller will write to say Thanks. “This will save me x hundreds/thousands of pounds a year,” they often say.
So visit the page for the Merchant Rates here. Find the rate card below.
And, don’t forget, if you take a lot of payments via PayPal that are for small amounts then there is the eBay Micropayments scheme too. Check it out too.