Forum Moderators: buckworks
For payments in US dollars, merchant accounts are charged 2.2% +.30 per txn. Non-merchant accounts are charged 2.9% + .30 per txn.
To qualify for the merchant rate, you have to be a member of PayPal for at least 90 days and have received $3000 USD in payments over the previous 90 days. Once you qualify, you have to maintain $1000/month average to keep the rate.
So if you're small-time or using PayPal as an additional payment method in conjunction with a regular merchant account, the fees are probably *not* cheaper. If you can do enough business, PayPal becomes competitive to most merchant accounts.
