| Discussion Forum: Thread 311478 |
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| | | Author: | Grosoleil  | | Posted: | Oct 26, 2021 06:53 | | Subject: | Anyone using PayPal Micropayments? | | Viewed: | 101 times | | Topic: | Payment Methods | |
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| Anyone using PayPal Micropayments? It seems like the fees would be more interesting,
any one have experienced it?
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| | | | | Author: | cosmicray | | Posted: | Oct 26, 2021 07:01 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 58 times | | Topic: | Payment Methods | |
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| In Payment Methods, Grosoleil writes:
| | Anyone using PayPal Micropayments? It seems like the fees would be more interesting,
any one have experienced it?
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At one time, using micropayments required a second PayPal account. IOW, an account
was either all full rate fees, or all micropayment fees.
Nita Rae
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| | | | | | | Author: | Cob | | Posted: | Oct 26, 2021 13:15 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 39 times | | Topic: | Payment Methods | |
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| In Payment Methods, cosmicray writes:
| | In Payment Methods, Grosoleil writes:
| | Anyone using PayPal Micropayments? It seems like the fees would be more interesting,
any one have experienced it?
|
At one time, using micropayments required a second PayPal account. IOW, an account
was either all full rate fees, or all micropayment fees.
Nita Rae
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My PayPal account charges full fee regardless of the size of transaction, how
do I convert it to dual micro and normal fee account?
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| | | | | | | | | Author: | cosmicray | | Posted: | Oct 26, 2021 13:25 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 55 times | | Topic: | Payment Methods | |
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| In Payment Methods, Cob writes:
| | In Payment Methods, cosmicray writes:
| | In Payment Methods, Grosoleil writes:
| | Anyone using PayPal Micropayments? It seems like the fees would be more interesting,
any one have experienced it?
|
At one time, using micropayments required a second PayPal account. IOW, an account
was either all full rate fees, or all micropayment fees.
Nita Rae
|
My PayPal account charges full fee regardless of the size of transaction, how
do I convert it to dual micro and normal fee account?
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There is no dual PayPal account. You have to have two PayPal accounts, one for
each. Then you go to Store Settings / Payments and click on Add Micropayments
account.
Nita Rae
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| | | | | | | | | | | Author: | smekel | | Posted: | Jan 5, 2022 14:32 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 48 times | | Topic: | Payment Methods | |
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| In Payment Methods, cosmicray writes:
| | In Payment Methods, Cob writes:
| | In Payment Methods, cosmicray writes:
| | In Payment Methods, Grosoleil writes:
| | Anyone using PayPal Micropayments? It seems like the fees would be more interesting,
any one have experienced it?
|
At one time, using micropayments required a second PayPal account. IOW, an account
was either all full rate fees, or all micropayment fees.
Nita Rae
|
My PayPal account charges full fee regardless of the size of transaction, how
do I convert it to dual micro and normal fee account?
|
There is no dual PayPal account. You have to have two PayPal accounts, one for
each. Then you go to Store Settings / Payments and click on Add Micropayments
account.
Nita Rae
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Hi, I originally signed up with bricklink using a personal paypal account. I've
finally gotten around to setting up a separate business account and called PayPal
to request they enable dynamic micropayments. When I go through the Add Micropayments
flow in bricklink, should I use a very high cutoff value so that all transactions
get directed to the business account with micropayments enabled? In other words,
is there any reason I would want to keep sending any transactions to the original
PayPal account? Thanx.
JAMES
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| | | | | | | | | | | | | Author: | peregrinator | | Posted: | Jan 5, 2022 14:37 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 55 times | | Topic: | Payment Methods | |
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| In Payment Methods, smekel writes:
| | Hi, I originally signed up with bricklink using a personal paypal account. I've
finally gotten around to setting up a separate business account and called PayPal
to request they enable dynamic micropayments. When I go through the Add Micropayments
flow in bricklink, should I use a very high cutoff value so that all transactions
get directed to the business account with micropayments enabled? In other words,
is there any reason I would want to keep sending any transactions to the original
PayPal account? Thanx.
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If PayPal is doing everything on their side then I think you would just want
to send all transactions through that one account. If you could share a bit more
about the rates on your accounts then I can check the math to see if using the
original account in some circumstances is better.
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| | | | | | | | | | | | | | | Author: | smekel | | Posted: | Jan 5, 2022 16:40 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 54 times | | Topic: | Payment Methods | |
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| In Payment Methods, peregrinator writes:
| | In Payment Methods, smekel writes:
| | Hi, I originally signed up with bricklink using a personal paypal account. I've
finally gotten around to setting up a separate business account and called PayPal
to request they enable dynamic micropayments. When I go through the Add Micropayments
flow in bricklink, should I use a very high cutoff value so that all transactions
get directed to the business account with micropayments enabled? In other words,
is there any reason I would want to keep sending any transactions to the original
PayPal account? Thanx.
|
If PayPal is doing everything on their side then I think you would just want
to send all transactions through that one account. If you could share a bit more
about the rates on your accounts then I can check the math to see if using the
original account in some circumstances is better.
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Thanks for the offer. I'm based in the US so currently PayPal is charging
3.49% + $0.49 per transaction: https://www.paypal.com/us/webapps/mpp/merchant-fees
My most recent order was:
BrickLink Order $8.49
Shipping $4.25
Purchase total $12.74
Fee -$0.93
Total $11.81
And 12.74*0.0349+0.49 = 0.934626 so that checks out.
According to the same link above, micropayments should be 4.99% + $0.09 so using
that order I would have instead been charged a fee of 12.74*0.0499+0.09 = 0.725726
or $0.73.
Reading this in more detail: https://www.paypal.com/us/webapps/mpp/ua/useragreement-full#micropayments-fees
it seems like if my account is approved for Dynamic Micropayments, then I should,
in theory, route all transactions to that account. Sounds like in the past there
was only Static Micropayments in which case I can understand wanting to set a
threshold to switch between the two. I think I saw in another forum post that
the threshold in that case is around $26.
James
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| | | | | | | | | | | | | | | | | Author: | peregrinator | | Posted: | Jan 5, 2022 16:57 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 46 times | | Topic: | Payment Methods | |
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| In Payment Methods, smekel writes:
| | it seems like if my account is approved for Dynamic Micropayments, then I should,
in theory, route all transactions to that account. Sounds like in the past there
was only Static Micropayments in which case I can understand wanting to set a
threshold to switch between the two. I think I saw in another forum post that
the threshold in that case is around $26.
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Yes, it's $26.67:
0.0499x + 0.09 0.0349 + 0.49
==
0.015x 0.4
==
x 26.66666...
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| | | | | | | | | | | | | | | | | | | Author: | smekel | | Posted: | Jan 7, 2022 15:46 | | Subject: | Re: Anyone using PayPal Micropayments? | | Viewed: | 59 times | | Topic: | Payment Methods | |
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| In Payment Methods, peregrinator writes:
| | In Payment Methods, smekel writes:
| | it seems like if my account is approved for Dynamic Micropayments, then I should,
in theory, route all transactions to that account. Sounds like in the past there
was only Static Micropayments in which case I can understand wanting to set a
threshold to switch between the two. I think I saw in another forum post that
the threshold in that case is around $26.
|
Yes, it's $26.67:
0.0499x + 0.09 0.0349 + 0.49
==
0.015x 0.4
==
x 26.66666...
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Thanks for the confirmation. Looks like my PayPal account has been approved.
Sold a sticker sheet for $0.35, buyer asked for it to be shipped in a regular
envelope with the understanding that it will go through the automatic mail sorter
etc. and could get damaged. I put it in several pieces of paper, $0.58 for the
stamp, $0.08 for tax, $1.01 total and PayPal took $0.14. Through the other mechanism,
I would have lost actual money (not just time lol).
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Canada, Quebec
USA, Florida
