Currently, PayPal charges the seller (you), a small transaction fee of 2.9% on the total sales amount plus a $0.30 fee per transaction.
PayPal can offer you a lower rate when your monthly sales exceed $3,000 and you've been a PayPal member more than 90 days. Visit PayPal Fees for more details.
PAYPAL STANDARD PAYMENTS: Chart below shows example of monthly sales and transaction fees.
|
YOUR MONTHLY SALES |
PAYPAL FEE PER TRANSACTION |
EXAMPLES |
|
$0 to $3,000 |
2.9% + $0.30 |
$3.20 fee on a $100 sale |
|
$3,000+ to $10,000 |
2.5% + $0.30 |
$2.80 fee on a $100 sale |
|
$10,000+ |
2.2% + $0.30 |
$2.50 fee on a $100 sale |
|
$100,000+ |
Call PayPal 1-888-818-3928 |
Additional Fees for International Sales: 1.0% cross-boarder fee (applies to payments from another country) and/or 2.5% currency conversion fee.
PAYPAL MICROPAYMENT DISCOUNTS: If your transactions typically average less than $10, you could save money with PayPal's 5% plus 5¢" rate. Here's an example for an artist that usually accepts $2 payments per song. Visit PayPal Micropayments for more details. Chart below compares Mirco vs Standard.
|
MICROPAYMENTS (5% PLUS 5¢) |
STANDARD RATE (2.9% PLUS 30¢) |
|
|
Average payment |
$2.00 |
$2.00 |
|
Your transaction fee |
$0.15 |
$0.36 |
|
Total cost for 100 payments |
$15.00 |
$36.00 |
Additional Fees for International Sales: 1.0% cross-boarder fee (applies to payments from another country) and/or 2.5% currency conversion fee.
Lets break down the total costs you will incur when selling media online at FizzKicks:
FIZZKICKS STANDARD PLAN vs PROPLAN
EXAMPLE IS FOR A $10.00 PURCHASE A FAN MAKES ON YOUR FIZZKICKS STORE.
| FizzKicks Plans |
Sale From Your FizzKicks Site |
PayPal Fees |
Amount Remaining After PayPal Fees are Deducted |
Amount Fizzkicks Receives (15%) |
Amount You Receive |
| Standard Plan | $10.00 |
$.59 |
$9.41 |
$1.41 |
$7.99 |
| ProPlan | $10.00 |
$.59 |
$9.41 |
$0.00 |
$9.41 |
You can get net a larger profit if your typical per item sale is less than $2.00 by being on PayPal's Micropayments. Even though the transaction fee is 5% the $.05 per transcation costs is far less than $.30 in the standard PayPal's plan. If you want to switch to the micropricing just contact PayPal.