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Thread: Save Money with PayPal Mass Payments

  1. #1
    Will.Spencer's Avatar
    Will.Spencer is offline Retired
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    Save Money with PayPal Mass Payments

    PayPal has a little known feature called Mass Payments which can save your subcontractors money when you pay them.

    $5,000 sent to one of my subcontractors using the normal PayPal interface cost my subcontractor $195.30 in PayPal fees and resulted in a net payment of $4,804.70.

    $5,000 sent to the same subcontractor using PayPal's Mass Payment interface cost me a $1 fee, but cost my subcontractor no fee at all. The net savings was $194.30.

    My mass payment transaction file for this transaction looked like this:
    As you can see, this is hardly rocket science.

    You can use mass payments even for individual payments. There was only one payment in this transaction.

    I really can't think of a reason not to use this PayPal feature.

    The only difficulty to using this feature is that is only works with funds in your PayPal account. You can't use this with funds that you are automatically withdrawing from a checking account.
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    Aquarezz (28 January, 2009), Aziz (24 September, 2010), bogart (23 September, 2010), britishguy (28 January, 2009), Hellas (31 January, 2009), pixus (29 August, 2009), Snak3 (24 September, 2010), Zash (6 June, 2009)

  3. #2
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    britishguy is offline Newbie Net Builder
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    Great tip thanks for finding that is very useful

  4. #3
    Nathan's Avatar
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    And you can't use funds from a credit card - which is all I use.
    Programmer, web developer and entrepreneur.

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    mixke is offline Net Builder
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    Quote Originally Posted by Nathan View Post
    And you can't use funds from a credit card - which is all I use.
    This is the only bad thing about Mass Pay I know of. Otherwise, the option of Mass Pay is very good.
    Need some time to handle deferred joining date by three big IT companies.

    If your work is still pending, I'll soon get in touch.

  6. #5
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    Wow, I didn't even know this is possible
    But I might use it in future.. though my payments are at maximum only $250,-
    I never sended a payment which was higher than $750,- till now so.. but it makes a difference too even if it's only $250,-

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  7. #6
    EricBlackwell is offline Net Builder and all around nice guy
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    Thanks for that tip, Will. Very useful. I do a lot of those types of payments and the saving is significant.
    Eric Blackwell
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    MeetHere is offline Newbie Net Builder
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    The bad think about this feature is "Buyer can't make refund claim"
    Otherwise it's a great feature to save huge paypal fees. I use it often..

  9. #8
    Will.Spencer's Avatar
    Will.Spencer is offline Retired
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    I found one downside to MassPay recently.

    My vendor changed their PayPal address and forgot to tell me. There's no way to cancel a MassPay.

    PayPal tells me that the payment will fail and I will automatically get my $1,000 back in 30 days.
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  10. #9
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    Wow, thanks for the tips. Time to cost PayPal some revenue
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    I heard this from Swank owner of webproxytalk yesterday but I was not very well informed about this. Thanks

    This could easily save me at least $800 a year considering not everyone always has funds in their account.

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