Re: Paypal merchant account - worth applying?
Hello jenupy2j, as I understand it you must still have a PayPal account if you are selling on ebay. This will be the primary payment option for your customers.
In order to be of interest to a merchant account provider £1500 per month is about the minimum. So if you split your income you will not be terribly interesting to merchant account providers!
Moreover, the remainder of your PayPal receipts will attract the highest charge rate of 3.4% so you are unlikely to be any better off.
Maybe this is something to consider when you are closer to £5,000 per month?
Hope this helps,
- Peter
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