Tuesday, March 20, 2012

Do you choose "Micropayments" for your paypal account?



If you are selling  your product for under $12...YOU BETTER READ THIS!


Oh dear... I'm absolutely so naive, stupid, silly, whatever ... when I started to place PayPal's 'donate' button on my blog.  All I ask for is just a penny...but...now only I found out that...for each donation transaction into my PayPal account.... PayPal is going to charge me 3.9% + MYR 2.00 (USD 0.80)! I guess I have to find another way to collect fund for my 'craft-for-cause'.

Anyway, when I searched the web for a better alternative of accepting donations or selling stuffs with small price...I come across a very useful article about how to reduce your PayPal Fees...Well, it doesn't really helpful to me...but I think it would be very useful for merchants for US to US, GB to GB, AU to AU, and EU to EU transactions for Business and Premier accounts. 

PayPal actually have another tools for those who are selling items for less than $12. It's called "Micropayment". This feature is offered at a special rate of 5% + $0.05 per transaction. 

Click here if you want to know more about how to create a Micropayment with PayPal. And here is the link to the article I came across.  It explain how you can create the Micropayment account in detail.

I hope this post be able to help you crafters out there who sell your crafts for less than $12!!!

I welcome any suggestion how can I accept small amount donations online...yup, I still think donation should start small....in a penny!

See you again! 

Love

PC

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10 comments:

  1. MichelleMarch 20, 2012 at 9:40 PM

    Hi
    Thanks for this info......I had no idea that this option existed.

    Michelle :o)

    ReplyDelete
  2. Michelle L.March 21, 2012 at 1:06 AM

    Thanks, PC - I also didn't know this! I'm glad you figured out the charge from PayPal before you got too many expensive donations! Hmm, I wish I had a good suggestion.

    Maybe...if you want to help a charity that you support, you could have a button for that charity on your blog? And suggest that people donate directly to them. I did that last year for a time, after the Tsunami.

    ReplyDelete
  3. LoriMarch 22, 2012 at 3:12 AM

    Thanks so much! I didn't know that Paypal offered this option. A lot of the payments I receive are under $12.00. Now I will save some money!

    ReplyDelete
  4. momto8March 24, 2012 at 2:02 AM

    wow..thank you for this information!!! who would have known?!
    i am your newest follower..pls follow back if you can.
    and happy spring!

    ReplyDelete
  5. JillMarch 26, 2012 at 5:30 AM

    I've never heard of this micropayments - but will certainly look into it! Thanks for the heads up PC!


    Just stopped by to let you know that I featured your bear hair pin on my round tuit post this week!
    Round Tuit 94
    Thanks again for linking up! Hope you have a great week!
    Jill @ Creating my way to Success

    ReplyDelete
  6. StaceyMarch 27, 2012 at 12:31 AM

    Thanks for sharing this with others that may need this info!
    Thanks for coming by to link up...I would love to have you back this week!
    See you there!
    Stacey of Embracing Change

    ReplyDelete
  7. ms.composureMarch 28, 2012 at 4:29 AM

    stumbled onto your blog via the blog hop and just wanted to show some blog luv! def enjoyed this post!new follower!! thanks for the tips!!! def gonna look into it!

    http://infinitelifefitness.com
    http://mscomposure.blogspot.com

    ReplyDelete
  8. Kara at Petals to PicotsMarch 28, 2012 at 10:18 PM

    This is great advice! I have to look into this! Thanks for sharing this at my I Love Fridays link party :)

    ReplyDelete
  9. Delightfully Curious DesignsApril 5, 2012 at 3:26 AM

    thank you for the information, i really appreciate it!!

    ReplyDelete
  10. ShilohApril 7, 2012 at 8:08 AM

    That's definitely helpful info. Thanks so much for sharing.:)

    ReplyDelete

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