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Paypal Micropayments

I’ve known about paypal micropayments for a while, but when I first heard about it, I didn’t think you could switch from an “old” paypal account to a new micropayment. Now you can. What’s the difference?

Standard Paypal Fees

PayPal charged a minimum transaction fee of 30 cents plus 2.9%.

Paypal Micropayment Fees

The Mircopayment option raises the percentage to 5% but lowers the fee to just 5 cents . That changes the net profit on a  $.99 cent direct sale to $.89 cents vs. $.66 under the old PayPal option.  Sell  just one hundred two or three song bundles and the total PayPal transaction costs drop from $36 to $15.

To find out more about Paypal micro payments go to https://micropayments.paypal-labs.com/

This is show #238 originating from www.musicianscooler.com

Amazon.ccom One Off CD’s with Create Space

It costs you $4.95 for one CD, but if you only need a few CDs this beats ordering hundreds and turning them into coasters. If you sell your music via download they charge 15% and if you sell the Cd at amazon.com they take 45% (ouch). As some people completely trust amazon.com they may purchase off of amazon.com when they may not off a lesser known website. For more information go to www.createspace.com

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