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Paypal micro payments
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bestway
member
Posts: 14
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Hello,
Paypal has "micro payments" plan for 5% +5 cents for sales under $12 by opening a separate account for the micro transactios. Anyone knows where in Paypals website can be found?
Thanks,
sales@bestwayphonecards.com
# POSTED ON: February 10, 2008 @ 14:14 GMT -7 MODIFIED ON: February 10, 2008 @ 14:16 GMT -7
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Chris_L
member
Posts: 21
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I've been trying to get a micropayment account approved for a few days now. Spoke to someone in their call centre the other day and they didn't have a clue what I was talking about. Sent a merchant technical support email too and haven't heard back. They don't make it easy, that's for sure.
# POSTED ON: February 12, 2008 @ 12:54 GMT -7
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Logonwheeler
member
Posts: 31
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# POSTED ON: February 12, 2008 @ 14:15 GMT -7
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Chris_L
member
Posts: 21
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Hi Logonwheeler - thanks for that.
That's the page I used to sign up, but it seems it just redirects you towards the usual 'choose your account based on your needs' page, rather than being able to just explicitly select a micropayment account. Rather vague.
# POSTED ON: February 12, 2008 @ 17:05 GMT -7
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bestway
member
Posts: 14
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# POSTED ON: February 12, 2008 @ 21:55 GMT -7
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bestway
member
Posts: 14
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Hello, Logonwheeler & chris_L
I tried on the web and they did't let me to attach my checking account
to the new account and I can't withdraw funds only by using a debit card.
After i spoke to paypal customer service I got the righ way to do it.
This is the way, Open another account with Paypal, use different E-Mail address.
Than go to Paypal help get customer service phone # along with 6 digit
web phone code, call & tell them you want to make a parent - child account
and the child account (the new one) should be on micropayment rates.
This way you are able to transfer fund free from the child account to the parent
account.
This method will be helpfull for E-Junkie clients accepting payments under $12
For more info do not hesitate to contact me at sales@bestwayphonecards.com
# POSTED ON: February 13, 2008 @ 14:38 GMT -7
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Chris_L
member
Posts: 21
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Thanks for the info, Bestway.
Does that basically mean you can open a micropayment account without needing it to be attached to another bank account?
# POSTED ON: February 15, 2008 @ 10:55 GMT -7
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bestway
member
Posts: 14
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Chris_L, Hi
That's right, You will get a link at paypal's withrawl page to transfer your collected money to the parent account and from ther you transfering to your checking account.
This way you have an option to link the micro payments to the micro account and the macro to the regular account.
sincerely
# POSTED ON: February 15, 2008 @ 12:49 GMT -7
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tvsmvp
member
Posts: 27
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I tried this today with no luck. There doesn't seem to be any way to create two PP accts and have them both linked to (or verified by) the same bank acct.
I called twice and was told the same thing both times (this after they checked with their superiors): There's no way to link a bank account to two different PP accts, no matter how you set it up. What am I missing?
I thought maybe the "parent-child" relationship bestway was referring to was the PP "student" account - but was told that both accounts (in that case) would have to be either micro or regular, not one or the other.
I'm thinking that setting up a savings acct and using that to verify the new (micro payments) acct is the only way. Any ideas for workarounds?
# POSTED ON: October 8, 2009 @ 09:42 GMT -7
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Tyson
E-Junkie Crew
Posts: 1486
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We really cannot speak for PayPal regarding their policy, so all we have to add is that we support sending order totals under $12 to a separate Micropayments PayPal account email; this is configured in E-junkie Seller Admin > Payment Preferences.
If PayPal does not allow your Micropayments account to reference the same bank account as your regular PayPal account, then you may simply need to setup a separate bank account for Micropayments, as you have suggested. I reckon a savings account might work, and if it's at the same bank as your regular account, that would likely make it easy to transfer funds between the accounts.
# POSTED ON: October 8, 2009 @ 19:46 GMT -7
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FreeAffiliate
member
Posts: 1
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informative post.. thanks
# POSTED ON: October 12, 2009 @ 19:31 GMT -7
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