How to Reduce PayPal Fees by Using QR Code Payments!
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- เผยแพร่เมื่อ 26 ก.ค. 2024
- I see people trying to figure out how to avoid PayPal fees every day. Usually it involves trying to bend and break the PayPal user agreement rules by sending payments with Friends and Family. This causes lots of problems, including opening the door for scammers to work their games.
While the standard PayPal fee rate is 2.9% + 30¢, using QR codes will get you a cheaper rate at 1.9% + 10¢ per transaction. This can really add up over the course of a year.
This is a great thing PayPal is doing to promote touchless, healthy payments and to help small business get back on their feet. - วิทยาศาสตร์และเทคโนโลยี
Thanks hugely for this video! It's much appreciated :)
Glad it was helpful!
Thank you so much for this!!!
You're so welcome!
I really like the QR Code! Thank you for this money-saving tip. 🙂
You are so welcome! Please share so that others can learn about this too. :)
@@angelleye Hi, it was a god trick, but is it work now??
@@mohsen4x516 Yes, they extended it through the end of the year. I think it's only good in the US, though.
@@angelleye ok good, but i have heard if you pay money as a gift to a friend, through paypal balance, IT TAKE 0 Fee, it that true ? And is this item work for accounts who made just in the us?
(And thanks from your answering )
@@mohsen4x516 Making purchase using F&F is against PayPal's policy, and it opens buyers up to fraud because they cannot dispute the transaction. Those payments are considered a cash gift. You shouldn't request people to send you money that way when you're selling, and you should never send money that way when you're buying something.
This is GREAT info! Thanks so much!! So once I download my QR code, can I just text that pic to someone in order for me to have them pay that way?
Yes, exactly! You can provide this QR code however you want for people, and if they scan it and pay you through it, you will not pay any fee!
@@angelleye are they gonna see my full personal name?
Thanks
Bro so is buying still free no fees ?? 🤔 can someone tell me
Any way to minimise PayPal fees (paid in USD withdraw in GBP)?
Thank you.
You're welcome!
Does this work internationally? Like i have a client from germany and he’s gonna send the payment to philippine money. Hope i get answers.. thanks
Can a seller using PayPal in China use this as well?
Hello bro!.Can I add QR code in Etsy shop website? Can you help?
is this still working til now? thanks
Can a Canadian customer send me money to USD using the QR code with no fees? Does it take care of the currency exchange rate? Also does the Canadian customer have to have a PayPal account? Or can they use the guest checkout? Thanks.
I think it's a US only thing. I haven't tested it that far, sorry. You can always give it a shot. What it might do is still charge the currency fee but not the actual processing fee. Just have to give it a shot and see. The worse that can happen is it charges the normal fee that you would be paying anyway.
Is the fee still waved?
Hi there,
Hope you can maybe help, I can't find this info anywhere. I'm in Australia and looking at making an online purchase from a U.S store that charges USD.
If I convert my AUD in my PayPal account, then make the purchase using my PayPal balance (in converted USD) what are the total fees? And what gets charged when?
For example, if I have $100 AUD in my PayPal balance and convert it to Usd and get $71 Usd. What will the fees be?
And after it's converted and fees are charged, when I make the actual purchase paying with converted USD in my PayPal balance, will there be any further fees?
Right now, when I go to make the purchase on the website and click PayPal, the mark up is 6.2% because it's using my Aussie credit card linked to my PayPal, so trying to figure out if I convert AUD to USD and use my PayPal balance, if it will make it cheaper. It's like a 1k purchase, so pretty significant difference.
Hope all that made sense.
Thanks in advance,
I think this will help: www.paypal.com/us/smarthelp/article/Where-can-I-find-PayPal's-currency-exchange-rates-FAQ1976
Hi "Angel eye" thanks so much for that tip to help us all out.
My QUESTION is will it work as well "Internationally"". Meaning if as a seller I live in a different country and I'm requesting a payment from the US??... I appreciate your feedback
Yes, that will work just fine. You can either convert to your currency or leave it a USD balance in your account to avoid exchange fees. :)
Why is my PayPal UI different? I don't have that pay and get paid button...actually, the whole top portion of mine is different...
Not all accounts have been fully migrated into the new interface yet. Try this link directly: www.paypal.com/webapps/mpp/qr-code-download
thank you for the info. hows the fee for receipent outside us eu ?
QR code payments only works in US.
I kinda have a problem that's not related tho but inorder to avoid charges can i tell my clients to send me money as family and friends.
This is against PayPal policy and could result in your account being suspended.
I would stumble across this ON THE 30TH 🤦🏾♂️
They extended it through the end of the year!
does paying a PayPal invoices using a QR code will reduce the number of fees that will be received by the receiver?
Yes, If you will pay invoices through QR code will reduce the fees. Please watch entire video for more details.
Do you not have to pay the 1.5% qr fee ONTOP of the 2.9% normal fee?
Yeah, fee wil be reduced whnever we pay through QR code.
tips for not holding paypal ur balance every transactions, thank you
Thanks! What if the buyer doesn't have a Paypal account?
They can use their Credit Cards to pay the payments.
This is not intended as a rhetorical question - I'm trying to understand why anyone would accept PayPal and associated fees as a payment method when Venmo is free.
Venmo is not internationally supported; just in the US.
Why did PayPal charge my 1$ for signing in?
Can I add my personal bank account with PayPal to pay online?
Yes you can add your personal bank account with PayPal to pay online !!
Yes, you can add personal and/or business accounts to your PayPal account and use them accordingly.
Does it work for international payments also?
Sorry, I think it's US only.
I'll stick to e-transfer, no fuss no charge, simple huh
A transfer is not a payment that gets processed. So yeah, if you're just transferring cash between PayPal and your accounts, then there isn't a charge. If you're accepting payments from customers, then you would be paying fees unless you use the QR code.
How much dose marking a paypal cost
Creating a PayPal account is free. You will pay a fee when you receive payments that is typically around 3%.
how to add that qr code on to my computer????
When you create it in your account it will give you the option to download it.
Does this work for international transactions as well??
Yes, It works
Is this the same for Indians ??? If I had to send to Jewish voice ministries it's cut 10 dollars in 20 dollars....by normal send option.tq in advance
Sorry, I think this is US only.
In my PayPal there is no QR option 😢😢
I'm sorry, I think it's for US accounts only. :(
Is it only for us or internationally
PayPal is available all over the world. Not every single country, but most. You can check this site for details about any specific country: www.paypal.com/cgi-bin/webscr?cmd=_display-country-functionality-outside
Do u know if i can put this code on a website?
Yes, you can put this QR code on your website.
Is it available internationally? , Because i can't find it on the app
Yes, You can get in touch with PayPal Support for more help!
Does this qr code work in india as well???
I think it works but you can confirm it with PayPal support.
Is this still working 2021?
Yes, its working fine and let me know if you have any issue about it.
so of course theres a fee now?
It's not free anymore, but it's still only 1.9% compared to 3.49% like their regular payment options.
Is this still working as of now?
Yes, if you're in the US they are still offering the 1.9% rate when you receive payments through your QR code.
@@angelleye how about other country?
Sorry, it's only available in United State right now.
Only for the US
Ah, I didn't even check that. Good point if that's verified. Did you see that in the terms?
@@angelleye I tried it myself, It didn't work, this is so unfair 😢
@@pianoandante What exactly do you mean it "didn't work"? I actually did find I was having an issue generating the QR Code with one of my US based accounts, but it worked fine with my others. Still trying to figure out exactly what caused it to fail in that one. It just got stuck on "loading" when I tried to generate the code. Is that what yours is doing?
@@angelleye I tried to use your code and it didn't allowed me to use it, my account is from colombia, so I guess that's why is not working for me.
Does this apply to PayPal everywhere?
Oof I can’t afford my fee
...??
Click Bait
What ever happened to ZERO PAYPAL FEE!!!
yeah AFTER our trial time there are FEES we MUST PAY
What are you talking about? As I clearly state in this video, this was originally set to go through September this year. They actually just extended this to run through the end of the year. I showed you in the video how there is no fee when you take a payment using the QR code. I've been using it myself and so have many others. PayPal doesn't even have a "trial time". If you take a goods/services payment any way other than this QR code, you will pay your fee.
OH wait..no fee ...wow !!! no catch...wow !!! ..what !!!! That's Great..... WAIT !!!! Is Paypal going to give me rewards for using paypal like Chase Freedom card ??? NO !!!! I'm OUT !!!
You earn rewards for spending money with your credit cards. I'm talking about the fees when you pay when you receive money from people. This is huge for sellers.
Classic bait and switch. Avoid PAYPAL at all costs.
What do you mean?