PayPal is a convenient and safe service to send and receive money online, both for personal and business.
Mass Payment
To save fees, PayPal offers Mass Payment which charges 2% upto a maximum of $1.25.
To use this feature, click "Send Money | Make a Mass Payment" and upload a tab-delimited file with these columns
- Payee email address
- Amount
- Currency
- Tracking code (optional)
- Custom text like "Thank you for your business" (optional)
Here is a sample Mass Payment file
For details, see
Fees
If you don't use Mass Payment, PayPal charges 2.9% + $0.30 for every transaction except for personal transactions and purchases for goods or services.
Note: PayPal hides the fees when you choose "Purchase" as a reason for the transaction and not "Personal". Only the recipient will see the fee.
To avoid fees, use a reason in the Personal tab when sending money, like "Personal | Other".
Test your settings by sending $1 first!
For an overview, see
For details, see