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Holy Cow, did ya'll see Paypal 3.49% + 49¢ per transaction fee?
I know that it's just the cost of doing business but most of the other payment processors are still at 2.9% + 30c per transaction fee and such. Paypal 3.49% + 49¢ per transaction, WOW!!! Makes me reconsider accepting Paypal. Still better than what ebay, mercari, Etsy and Amazon takes from us sellers. It is what it is. I guess we just have to roll with the punches.
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That's a good question. I think there is a credit card processing company that charges seller zero processing fees and passes the cost to the customer. Will customers go along with this? I don't know. I guess we will soon find out.
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You put it in your costs to sell it ie if your items costs you $15.00 now you say it costs you $16 .00. Then add your profit.
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again, not always a good strategy, this approach may not suit all. I don't like to raise prices further than what I need to as this adds to the price rises caused by inflation, this will make the buyer think twice.
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I agree but I costed in.
Ralph Meyer
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I'm still using Paypal. I'm not turning down a single sale.
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As an owner of three retail locations, some are missing the bigger picture. In a nutshell, a $5 sale is $5 more you took in, than if you didn't have the paypal feature, you would not have received. I agree that prices are ridiculous that we all pay, but bottom line we would not be selling if we didn't sell. It is what it is and they know it. Want to make a $5 sale? Pay the fee. Just make sure you are selling for a correct profit margin.
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It’s definitely crucial to look at the bigger picture. Yes, each sale, no matter how small, contributes to our overall revenue, and services like PayPal help facilitate those transactions. However, it’s equally important to remember that we don’t always have to accept the status quo without question. This is where trade organizations and collective action come into play.
In Canada, for example, we’ve seen progress with merchant processing fees being reduced thanks to pressure from both consumers and retailers. By advocating for fairer terms, we're seeing a shift in the marketplace. It’s a reminder that when businesses unite and push back against these micro-fees, there can be real change.
Ultimately, the power lies in those who choose to speak up for themselves and others in the industry. While we may need to absorb some fees to keep sales flowing, it doesn’t mean we shouldn’t push for fairer practices where possible.
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Totally agree with you on this @JTPets we need these services as a business but likewise it's unfair to tramble the little guys in to submission. Collective action is great to hear about especially when the charges are disproportionate, sometimes a stand needs to be made for fairness.
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While I commiserate, isn't this community for Square users?
I have yet to see a transaction, or a customer that won't accept Square but want Paypal.
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