PayPal Business: Reduced Payment Processing Fees, 1.9% Instead of 2.9% (Max $50,000)

The Offer

Direct Link to offer (PayPal login required)

• Through August 15th, you’ll pay only 1.9% + $0.30 on online card processing with our newest solutions and 1.9% + $0.10 for in-person transactions with PayPal Here.

The Fine Print

• The pricing promotion applies to the first $50,000 processed with your PayPal account
•  The promotional fees apply as follow:
  1. For new processing of Basic Card Payments: 1.9% of the transaction amount + $0.30 fixed fee
  2. For new processing of Advanced Credit and Debit Card Payments: 1.9% of the transaction amount + $0.30 fixed fee
  3. For new processing of PayPal Here card-present transactions: 1.9% of the transaction amount + $0.10 fixed fee

Our Verdict

This was sent out to some via email, but it looks to be a public offer for anyone. I was even able to enroll my personal PayPal account in the offer (with no plans on using it).

Overall could be a savings of $500 for business owners who process $50,000 in payments (assuming you usually pay 2.9%). To be clear: the lower fees are NOT for ‘receive money’ transactions; this is only for payment processing with ordinary swipe or input card information transactions.

Thanks to reader Trevor for sharing this offer.