I have an ecomerce store and want to downgrade my account..

leecass
Contributor
Contributor

Pay by paypal is the option for payment... we use it to take credit and debit card payments.

 

I dont want ot pay the £20 monthly fees... I understand there is another option of paying just £0.20 per order... is this true??

 

If so can I downgrade?

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PayPal_david
Moderator
Moderator

Hi Leecass,

 

It sounds to me that you have website payments standard or pro as a service when receiving payments, is that correct?

 

The only way that you would be charged anything near £0.20 GBP per order would be if you are receiving minimal amount per transactions on your account.

 

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. For Cross-Border payments you will be charged 6% + 5p.

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 note:

 

Micropayment pricing applies to all transactions regardless of the transaction amount. For example, with micropayments pricing, it would cost 25p to receive a £4 payment and it would cost £1.05 to receive a £20 payment.

 

I hope this helps,

 

David.

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