![]() ![]() You can easily find a processor that will do that using your CardFellow account. It’s worth seeking out such a processor if you regularly offer refunds to customers. That means that businesses that process lots of refunds (such as clothing stores) will pay more than they would with a processor that does refund.įortunately, some processors do return the fees you originally paid on a transaction that you refund. ![]() PayPal will not charge fees when you process a refund for a customer, but they also will not return the fees you originally paid on that transaction. PayPal Here also offers check processing and settlement free of charge. The cost to manually enter a transaction by keying numbers or by using PayPal Here’s Scan Card feature increases to a flat 3.50% of volume plus a $0.15 transaction fee. PayPal Here does not have a credit card transaction fee like many other smartphone processing solutions that utilize a traditional merchant account. PayPal Here charges a flat 2.70% of the transaction volume for all swiped credit and debit cards, including the often more expensive American Express cards. You don’t need to choose one or the other PayPal allows flexibility to swipe if you have the reader, but key cards if you misplace or forget your reader. Similar to Square, pricing for PayPal Here falls into two different categories: a swiped rate, and a keyed rate. Square has a few things to worry about, too, not the least of which is PayPal Here’s slightly lower pricing and the more accessible phone support for prospective and existing customers. With the Here mobile option PayPal takes direct aim at Square - the market leader in the smartphone credit card processing space. We’re leaving this article for historical accuracy. NOTE: As of April 2023, PayPal Here is no longer available by that name it will be converted to PayPal Zettle. ![]()
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