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An extension of PayPal's existing payment service for online merchants, PayPal's new micro-payment fees are designed to give the digital music industry a more cost-effective payment solution for downloadable music.
The new fees will allow these merchants to process payments at a rate of 2.5% plus $0.09 for each transaction.
press release [home.businesswire.com]
joined:Oct 21, 2003
There's a little more information here [internetnews.com].
Apparently right now it's only for sites with 3000 or more transactions per month under $5 each.
What I really like is that they are going to make PayPal signups really easy and available on the merchant end, which means more instant checkout qualified customers for smaller sites.