Get Paid Faster, Part III – Introducing PayPal Business Payments
Yesterday, PayPal introduced a new product called PayPal Business Payments, and Harvest is proud to be a launch partner for this new product. This is a new, fast and secure method for sending and receiving payments for the lowest possible rate out there: a flat 50 cent fee. Harvest customers can take advantage of this new pricing for their account now.
Just 50 Cents?
The most compelling reason to use Business Payments is that you will now pay only a flat $0.50 per transaction for the payments you collect with PayPal. As a small business charging hundreds or thousands of dollars per invoice, a flat transaction fee to collect payment online is a welcome change from fees that usually take a percentage of the payment. This simple pricing ensures that you keep most of your invoiced amount while paying a truly small amount to PayPal in the process. For example, it doesn’t matter if your invoice is $900 or $9000, your fee to PayPal will still be just only a flat $0.50.
Note: Business Payments require the sender of the payment (your clients) to have a PayPal account and have their account linked to their bank account. Also, PayPal Business Payments is currently only available for US customers receiving payments domestically.
How To Activate
Just head over to your Invoices > Configure > Online Payments section and select the new Business Payments option now available for PayPal. That’s all there is to it! Give it a try and let us know what you think.