We had no idea we would save quite so much by using this method.
So this is what Mass Payment is all about.
TypicalPayPal feeswithin the same country are1.9-2.9% + USD$0.30.
When you cross borders, international PayPal fees can creep up to3.9% + USD$0.30.
A much smaller fee is applied to Mass Payments.
By the way, don’t get too cranky with PayPal for these fees.
Ever seen the fees banks charge to make international transfers?
PayPal are really just passing on bank fees and other processing fees to do with single payments.
You’re no doubt saving PayPal money too by suggesting your boss make Mass Payments.
While you’re there, mention that by using Mass Payment theiraccounting recordswill be much easier to navigate.
Firstly, the sender will need to have averified PayPal PremierorBusiness account.
Secondly, the sender will need to ensure they have sufficient funds in their PayPal account.
Credit cards can’t be used for Mass Payments.
So, all the sender needs is to know the email address and how much they want to send.
Another optional fifth column allows you to send a personal message to that recipient.
This takes you to an overview of Mass Payment, including guides, fees, codes and examples.
hit “Make a Mass Payment” to get started.
The Mass Payment file upload is straightforward and easy to use.
It’s simple to add a generic subject and body to the email sent with all payments.
Mass Payments are processedinstantlyand available for recipients to use or withdraw immediately.
So, discuss with the recipients which method is best before you send a Mass Payment.
Get set up now and preserve your team money!
