Monday, March 10, 2008

My PayPal solution

I never did blog about how I decided to solve my PayPal problem.

Essentially, I decided to bite the bullet, so to speak, and submit to the forced upgrade. Since I have clients who only pay via PayPal, I didn't really have any other option.

However, although I've upgraded my account, I haven't given up the fight! I have spoken to one of my biggest clients about paying via check instead. That alone should save me between $15 and $20 in fees every month.

Eventually I plan to switch with all of my clients who offer check payment, which should be about 90 percent of my business. All in all, I think should be able to reduce my fees to less than $5 per month.

Take that, PayPal!

2 comments:

Anonymous said...

PayPal fees....I bring in around $2,000 through PayPal every month. I didn't take my chance with a Personal account, since I knew I would be questioned. Anyhow, the fees for my country would be 0.39% + $0.3. That means I pay around $80 per month. I lose more than that due to their below-the-market conversion rates. Bummer.

Katharine Swan said...

Mariella,

That SUCKS! :o(