Easily Save Money Using PayPal MassPay


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Here is a great little tip I learned a while back that can save us all when sending and paying via Paypal. Paypal MassPay only cost 1.00 or 2% of any transaction whichever is less to send payments. From Paypal's website "Faster than a check  of your payments can electronically transfer their money to a checking account, send money to friends, or shop online."

MassPay payments can only be made with a Paypal Premier or Business Account. To send a payment via paypal mass pay all you have to do is upload a .txt document in a easy to follow format detailed below. Normal Paypal fees for premier accounts are 3% plus $0.30 (Sending money with Paypal personal account is free) so if you are sending or receiving any amount of cash via Paypal this could really help you save . The buyer is the one who has to use Mass Pay but as Sellers you get paid more when people use MassPay so encourage people to use it. Offer a small discount for MassPay and everyone wins. Here are simplified instructions on how to send a payment, the paypal website makes it seem so complicated.

1. Open up a text editor, like notepad

2. Type the paypal email [TAB] Amount [TAB] USD

3. Save the text file as anything you like and upload it to paypal

4. Your payment will be completed instantly

Finding MassPay is a little tricky, Here is a screenshot, This is at the bottom of my paypal account

paypal-masspay

Below is a sample PayPal MassPay File for Your Use, Remember to Delete my Instructions on It

Download The .txt File Here

How Much You Can Save in Fees

Amount Regular Fees -  MassPay =  Savings

$100 3.3 1 2.30

$500 15.30 - 1 = 14.30 (2 Domains or Month of Hosting)

$1000 30.30 - 1 = 29.30 (You buy some advertising on teendomainer.com)

You Get the Idea, Save more money for yourself and your buyer use PayPal Mass Pay

Related posts:

  1. Keep Your PayPal Account Safe with a PayPal Security Key
  2. Minisite in a Week Day 4: Making Money off Your Minisites
  3. 5 Easy Ways to Make More Money off Your Sites

Comments

5 Responses to “Easily Save Money Using PayPal MassPay”

  1. Bruce Marler
    March 31st, 2009 @ 6:00 am

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    Brian, good to point this out, many people overlook the use of masspay. It only takes a few minutes to go this path rather than standard payments if you have the option available. Overtime this can add up to real dollars!

  2. Putu Hamsa
    March 31st, 2009 @ 7:19 am

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    Great idea, i don’t know this trick before (especially: masspay feature), because i only have personal account paypal.

  3. Domain Superstar
    March 31st, 2009 @ 7:34 pm

    Warning: Illegal string offset 'keywords_time' in /home1/theman37/public_html/teendomainer.com/wp-content/plugins/internal_link_building.php_/internal_link_building.php on line 103

    Great tip and good job using screen shots!

  4. John Martel
    May 3rd, 2009 @ 5:13 pm

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    Appreciate the tip Brian… somehow I’ve always overlooked this. It just saved me $7 and would have saved me $40 last week if only the client used it. Even offered $20 off their bill, but I guess they didn’t read that part. Well, maybe next time.

  5. John Martel
    November 11th, 2009 @ 2:46 pm

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    Thanks again, works like a charm. I just make the text file for that client and offer him $5 off each time he uses it… saves me plenty still.

    Was just hitting Google to look up the format of the text file again and your page ranked really high. However the image is missing and the page wasn’t found as Google linked to your tag for the post and your theme change seems to have blown away the tags and some of your images!

    Oh, and you may want to redo that screenshot anyway as I think they changed things around and I believe the location has moved… but I can’t see your image so it’s hard to be sure.

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