It is no surprise that eBay & PayPal have continued to increase fees in every single way possible. It was bad enough before fees increased or added, but charging a percentage of shipping costs? Come on! That is just plain ridiculous. With all the fluctuated costs, try implementing some simple steps to slash your fees to Timbuktu.
Strive For Top Rated Seller Status
Top rated sellers get hosts of good rates and discounts. The perks can include 20% off total charges a month. For a total monthly bill of $80, your total would be $64. Sounds good already, doesn’t it! That is just that is just the tip of the iceberg.
Always Take Advantage Of Non Payers
Absolute must if you are running on thin margins. There have been countless times where buyers buy by mistake. No biggie, but it becomes a pain when they forget to cancel out the transaction. Every time a non-paid transaction goes unturned, it gets added to your total fee costs. For those non-responsive buyers, open a non-paying dispute. If they don’t respond in the allotted time, it automatically gets closed by eBay.
Use PayPal’s Reduced Merchant Rate
There are a few requirements to get the reduced merchant rate. Firstly, you need to have $3000 in total sales per month. Secondly, you need to request them. Not much of a requirement, but still necessary. To apply for the merchant rate, start by:
- Logging into your PayPal account.
- Go to your profile section, then “my settings” area
- Click the “My money” link.
- Go to “Merchant fees” at the bottom of the page.
- Click on apply.
- Fill it out and send it off.
May are simple & others require a bit of work, but, in spite of that, the payoff is worth it. We could have offered other ways to save, but these ways provide the most bang for your buck so to speak.