Paypal micro payments

soolin

wlasikiewicz wrote: »

Why cant you just use your normal PayPal account instead of making a new one, just make a Buy Now button and use that.

If you read the thread it is because sellers need to have two paypal accounts if they sell across a range of prices. I'm not at all sure what the relevance of a BIN button is?

Your signature BTW is against forum rules so please remove it as it has been reported.

ballisticbrian

If you are on a merchant rate of say 1.9% + £0.20 GBP (based on high sales volumes) then the amount at which the micro rate would become not worthwhile would also change. £7 sale would cost you 0.33p or 40p on the micro rate. Don't know what the exact cut off is?

virgil_tracy

vending-expert wrote: »

Iv been in contact with paypal to sort a micro payments account out, this is the info they gave me.....

PayPal offer a separate fee structure for Verified Business/Premier merchants who only accept small UK to UK payments.

The fees are 5% + 5p per transaction compared to 3.4% + 20p which is the standard rate.

It is most financially beneficial to you if you accept payments under £9 for accounts with the Micropayment fee structure. For this reason it may be advisable to have a separate account for the small or ‘Micropayments’.
Here’s how you can sign up for micropayment pricing:
1. Go to our micropayments website at https://micropayments.paypal-labs.com
2. Click ‘Signup.’
3. Select the appropriate country.
4. Click ‘Login here.’
5. Enter your PayPal account password and click ‘Log in.’
Allow 2 business days for the micropayment pricing to take effect.
Please be aware that micropayments can only be used when processing transactions of 9GBP or under.

I'm thinking about setting up a paypal micropayments account , does the BIB above mean that I could only use it for UK to UK sales/auctions ?

also - do I have to phone paypal to set it up ? I've read different opinions on this .

soolin

virgil_tracy wrote: »

I'm thinking about setting up a paypal micropayments account , does the BIB above mean that I could only use it for UK to UK sales/auctions ?

also - do I have to phone paypal to set it up ? I've read different opinions on this .

You don't need to phone paypal and it is not only used for UK sales.

porto_bello

ballisticbrian wrote: »

If you are on a merchant rate of say 1.9% + £0.20 GBP (based on high sales volumes) then the amount at which the micro rate would become not worthwhile would also change. £7 sale would cost you 0.33p or 40p on the micro rate. Don't know what the exact cut off is?

I recall when I set up my micro account (2/3 years ago), the cut off point of a micro payments account was stated as "around £7 and upwards" by Paypal. [That's £7 including the postage element]... It may have changed, but I doubt by much... yet!

Incidentally, I had a buyer make a number of eBay purchases recently, some linked to the 'normal' paypal account and some low value items listed and linked to the 'micropayments' account. I wondered how that would work, half expecting 2 invoices and a payment for each account! However, automatically, the entire invoice and payment was linked to my 'normal' account, which for a £50 sale, was the most efficient.

hermum

Has anyone opened a micro account recently? My friend's trying to open one & she thinks that you now have to phone to open one but she's not sure if she's being stupid.
Can anyone help please