Saturday, January 29, 2011

PrestaShop Tips - Take advantage of Paypal micro account to save Paypal transactions fees

PayPal offers support for Micropayments to merchants for US to US, GB to GB, AU to AU, and EU to EU transactions for Business and Premier accounts. This feature is offered at a special rate of 5% + $0.05 per transaction.

For example: if your Premier/Business account rate for receiving funds is 2.9% + $0.30, using PayPal's 5% + $0.05 micropayments rate would reduce the total transaction fee charged to payments received below the value of $12 (per payment). However, if you accept payments that are greater than $12, you would pay a lower processing charge by accepting the payment into the account set with the 2.9% + $0.30 rate.

For more detail on Paypal micro payment account, please visit
https://www.paypalobjects.com/IntegrationCenter/ic_micropayments.html

If you have store that have both small amount orders and big amount orders, if you can separate orders to use different account base on the order amounts, you will save Paypal transactions.

Agile Paypal - A PrestaShop Express Checkout module allows you to set two Paypal accounts(one micro and another macro) accounts so that you can get benefit from Paypal special offer of micro payment account. Bellow is the module configuration screen.



Agile Paypal has many more other features such as
Express Checkout - reduce your customer dropout rate because of unexpected error.
No customer Registration - No tedious information input(module will register customer automatically use the information from Paypal)
...and many more

For more detail, please visit http://addons-modules.com/

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