Business doing well enough for Paypal discounts?


Visit our Etsy shop: GoTo
Go To Great Panes, Kathryn Maloney ©2012
This post is copyrighted–you do not have permission to repost this content elsewhere but you are welcome to link to it if you’d like to share the information.

Paypal monthly income $3,000 or more? Then you could be saving money!
(If most of your orders are small, there’s another discount too–see below.)

If you are bringing in enough money through Paypal, they will give you discounted processing rates but Paypal won’t give you the lower rate automatically, you must apply for it.

Click “View All Discounts & Fees” to see the rates on the Paypal site:

PayPal Merchant Fees

Current rates as of Arpil 2012:

$0 to $3,000 2.9% + $0.30
$3,000 to $10,000 2.5% + $0.30
$10,000 to $100,000 2.2% + $0.30

There’s also another discount that works if most of your sales are less than $12.14–see here for more on…

Paypal Micropayments


Happy savings!

New page: Income Tax Help

We’ve added a new page to the blog for help filling out the Schedule C for US small business income taxes–see the gold Income Taxes link in the right sidebar. (It’s a revision/update of an older post made into a page.)

Hope the links there help to ease the stress of filling out your tax return!

Saving Your Etsy Shop Data

GoTo on Etsy
Visit our Etsy shop:
GoTo

Go To Great Panes, Kathryn Maloney ©2012
This post is copyrighted–you do not have permission to repost this content elsewhere but you are welcome to link to it if you’d like to share the information.

Over the years I have learned that many Etsy sellers write their listings directly on the site rather than on their own computer, saving it, then transferring the info over to Etsy. (I’m sure this happens on many online venues.)

I understand how easy that is, but you should always keep a back up of your own business data, whether it is for taxes or just for your own records.

If anything ever happens to the original source of info, having a back up can be a real life saver for your business so if you don’t have a copy of all your Etsy items currently listed for sale and a your history of sold orders on Etsy saved to your computer, I encourage you to take a few minutes today and download that data.

Here are links to Etsy’s instructions for downloading your shop’s information:

Download your current listing information
http://www.etsy.com/help/article/338

Download your sold transactions
http://www.etsy.com/help/article/211

And then follow up by either saving listings to your own computer each time you create one or regularly downloading the data as described in the links above.