Paypal is without doubt one of the largest on-line fee techniques with 227 million lively accounts across the globe. Itâ€™s additionally a well-liked choice for accepting funds amongst on-line sellers.
But as with any fee system, there are charges related with it that youâ€™ll have to issue into your pricing and the price of operating your small business. Luckily, Paypal works nicely with Shopify Payments for providing a number of methods on your prospects to checkout with out having to fret about stacking charges.
Paypal Business account charges
There aren’t any setup charges for a Paypal enterprise account. You can merely create an account without spending a dime and hyperlink your checking account or bank card to just accept 25 currencies from 202 nations. Paypal Express is a supported fee gateway for Shopify retailers and is straightforward to combine into your store.
How to calculate Paypal vendor charges
If youâ€™re buying items and providers within the US, you donâ€™t pay any charges for utilizing Paypal.
If youâ€™re promoting items or providers youâ€™re charged each a proportion of the transaction and a hard and fast charge.
If youâ€™re promoting within the US, youâ€™re charged 2.9% of the transaction quantity plus a $0.30 USD flat charge (this quantity is based on the currency of the fee). For instance, a fee of $50 USD might be charged $1.75 USD processing charge ($1.45 + $0.30). This means in the long run, your payout will embrace $48.25 of the transaction.
When receiving funds from outdoors of the US, youâ€™re charged 4.4% of the transaction plus a hard and fast charge primarily based on the foreign money.
Disclaimer: These numbers are correct as of the revealed date, however could also be topic to vary.
Using Shopify Payments and Paypal Express
If youâ€™re utilizing Shopify Payments in your store to just accept bank card funds, you’ll pay bank card charges for every transaction relying in your plan (2.4% to 2.9% + 30c).
A typical query retailers have is whether or not you’ll be double-billed if youâ€™re utilizing Shopify Payments and Paypal Express collectively as your fee gateways. The excellent news is you solely pay the charges for the fee gateway that your buyer makes use of to checkout. You won’t be double-billed.
For extra on accepting Paypal funds in your Shopify store, you’ll be able to check out our help docsÂ or contact assist at email@example.com.