PayPal Website Payments Pro and Virtual Terminal to increase monthly payment.

[The Bar Keep]

Effective September 1, 2007:
The monthly service price for Website Payments Pro and Virtual Terminal will increase from $20 to $30 per month.
Transaction prices will remain at $0.30 per captured transaction, but a $0.30 fee will now also be assessed on all successful authorizations that have not been captured within 29 days.
Virtual Terminal transactions will cost between 2.4% and 3.1% depending on your processing volume.
You'll continue to receive the same service, plus competitive flat-rate pricing for all card types.
With PayPal, pricing is transparent. There are no set-up, cancellation, statement, or hidden fees – and no monthly transaction minimums.
We charge only for authorizations you are able to capture, not declined transactions.
You pay nothing for reversals. When you refund a transaction, we reverse the processing cost, too.
Save even more money, try these options
Use PayPal Express Checkout. If you're using Website Payments Pro, integrate Express Checkout and let your customers check out in a few clicks. When you process more than $100K you qualify for the discount merchant rate of 1.9% + $0.30 USD per authorization. Plus, Express Checkout is proven to increase sales by an average of 14%*.
Request Money with PayPal. PayPal's Request Money feature is a quick and secure way to bill your customers and accept credit card, bank, and PayPal payments online. You don't even need a website — just email your customers a payment request that they can click on to pay.
Apply for the PayPal debit card. Get instant access to your PayPal funds. Plus get 1%** cash back on qualifying purchases and use the savings to offset your PayPal fees.

Qualify for our merchant rate. Read about it at: http://www.paypal.com/merchantrate

[The Bar Keep]

By Ina Steiner
AuctionBytes.com
July 20, 2007

Users of PayPal's Website Payments Pro and Virtual Terminal received an email on Thursday informing them that fees were increasing effective September 1, 2007. There's been no announcement on the PayPal or eBay Website. Sellers use the services for processing payments for orders made through their websites and to process phone orders.

The letter told users that monthly service fees for Website Payments Pro and Virtual Terminal will increase from $20 to $30 per month. Transaction prices will remain at $0.30 per captured transaction, but a $0.30 fee will now also be assessed on all successful authorizations that have not been captured within 29 days. In addition, Virtual Terminal transactions will cost between 2.4% and 3.1% depending on processing volume. Currently, those fees are set at 2.2% - 2.9%. Current pricing for Virtual Terminal is spelled out here:


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