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How to Reduce Your PayPal Fees and Get a Lower Discount Merchant Rate

How to Reduce Your PayPal Fees and Get a Lower Discount Merchant Rate

How to Reduce Your PayPal Fees and Get a Lower Discount Merchant Rate

PayPal is an incredibly popular purchasing service used by millions of consumers all over the world. While it is revolutionary in its simplicity and efficiency, many people find themselves unsatisfied with its high fees. Though they affect everybody, sellers pay the highest price. Thankfully, there are several ways to avoid or mitigate costly expenditures from PayPal. The two main methods include signing up for a discount merchant rate and obtaining a special debit card from PayPal. Customers who have applied these methods have seen their fees drop by up to 50%.

How to Lower Your PayPal Fees by Getting a Reduced Merchant Rate

Applying for a reduced merchant rate is easy. That is, if you know the right place to look. Unfortunately, many people simply never hear of or see the right website to do this, and are left with no discount. However, you will surely be able to achieve this goal when you visit PayPal’s merchant rate application page. You may not see the necessary link right away, but if you expand the section titled “View all discounts and fees”, a brief description will pop up along with the link “Apply Now”. That’s the one you need. Please know that this option is only available to users who rake in at least 3000$ in sales per month. Bigger volumes of sales give bigger discounts.

How to Earn Cash Back With a PayPal Debit Card

PayPal gives its most dedicated customers good deals, as long as these customers commit to the service by obtaining a special debit card. According to company policy, you can save 1% on your purchases with the help of this card. Surprising as it may sound, this card is actually considered a credit card, due to the unique bonus provided to the customer after a purchase. The way it works can be described this way: after a purchase is made, 1% of cash spent is reimbursed to your account. Please note that unlike typical credit cards, this one requires owners to sign for a transaction rather than entering a pin-code. Thus, it’s very important that cardholders specify that they are purchasing with a credit card at cashiers, otherwise the discount may not be awarded. Another thing that sets the PayPal debit card apart from typical bank cards is the fact that it does not work at ATM’s and money cannot be withdrawn from it.

Considering the two methods described above, it’s easy to see that they are both worthwhile and profitable for you, especially if they’re combined.