Folks,
I thought I would inform those you that use PayPal for most or all of your billing to ensure that you apply for the reduced Merchant Rate pricing (especially if you have sales of $3000 or more).
My sales have increased considerably over the past year but I was still paying the following rate on credit/debit card payments: 2.9% + 0.30cents.
This adds up. In my case, the extra was a over a hundred dollars per month (about $1200 for the year). If you make sales of over $3000 and do not apply, you will not get the reduced rate. Also, when you eventually apply, any extra fees you have paid will be lost.
Click here to go to PayPal to learn more.