Depending on your monthly volume, PayPal’s rate can be as low as 1.9% + $0.30 USD. If you happen to sell a lot of items priced more than $12 USD, you’ll notice the micropayments fee will be a bit higher than the standard fee.Īpply for merchant rate pricing. After you switch a PayPal account to micropayments, all items sold via that account (through Bandcamp or elsewhere) will use the new rate. The processing fee is 2.9 + 0.30 for Stripe, 0.8 for ACH, and 2.2 + 0.30 for PayPal. You can switch back to the standard rate at any time by contacting PayPal.Īlso, be aware that PayPal allows you to use only one rate at a time. It’s free to set up, then a 1.5 fee per online donation plus a processing fee. There’s nothing to do on Bandcamp just contact PayPal Micro Pricing Support at 88. You can sign up for micropayments at any time. PayPal offers a micropayments rate of 4.99% + $0.09 per transaction, which ends up being a better deal if most of your physical merchandise transactions are $12 USD or less.There are two ways you can lower that fee: For accounts using Standard Payments, sales of physical merchandise (which are paid directly to your PayPal account, with some exceptions), PayPal’s standard transaction fee is 3.49% + $0.49 USD. Here's how it works for physical sales:įor Enhanced Payments accounts, payment processor fees for physical merchandise are identical to those described here for digital sales. The standard online rate for payments with American Express is and will continue to be 3.50% with no fixed fee after August 2, 2021.In addition to the revenue share that Bandcamp collects, payment processor fees apply to all transactions processed on your account. Braintree reserves the right to revise their fees at any time, subject to a thirty (30) day notice period to you prior to the new fees taking effect.ġMerchants can get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. The processing fee for debit and credit cards begins at 2.59 + 0.49 per transaction for all BigCommerce plans. Periodically, Braintree reviews their customer accounts to make sure its services and rates fit your account activity. Application for a PayPal powered by Braintree account does not guarantee approval. Your new rate will only apply to transactions after the date on your notification email. (4) Your account will then be updated to reflect the new rate, and you will receive a notification email with the updated rate. Follow the instructions in the email on how to sign and return the contract. We suggest adding to your email whitelist to reduce the risk of it going to your spam folder. (3) 2 to 3 business days following your approval* for a PayPal powered by Braintree account, you will be emailed a Pricing Contract for you to digitally sign. (2) From within the BigCommerce account Control Panel Payment Settings area, complete and submit the PayPal powered by Braintree application to upgrade from a trial to full account.Īdditional information may be requested from the PayPal powered by Braintree team during the process of reviewing your application. If you are an existing BigCommerce Merchant already in a Plus, Pro, or Enterprise plan, you do not need to complete this step. You will then be charged the first month’s fee for your BigCommerce plan, plus you will become eligible to apply for the negotiated payment processing rates with PayPal powered by Braintree. Go into your BigCommerce account Client Area and accept the terms of the selected BigCommerce plan and establish a billing agreement. /rebates/2fgarage2fwhat-is-stripe-payments2f&. (1) If you are a new BigCommerce Merchant using a trial PayPal powered by Braintree account, you will need to select a qualifying BigCommerce Plan (Plus, Pro, or Enterprise). To be eligible, you must be a United States-based business. Based on your plan, you may be eligible for that plan’s published processing rate. The processing fee for debit and credit cards begins at 2.59% + $0.49 per transaction for all BigCommerce plans. To qualify for the PayPal powered by Braintree rate, here are the details and your next steps. *Pricing terms: BigCommerce supports a wide range of payment providers.
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