Quick Tip – Save Money With PayPal
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Here’s a quick tip from your friendly neighborhood cow bloggers; save money if you’re using PayPal. We’re pretty certain that you guys are frequent PayPal users. Perhaps you’re siteflippers, advertisers or you could even be selling virtual gold in World of Warcraft. We don’t know. What we do know is that PayPal is charging everyone way to much for any stinking transaction that goes through them. The new internet dictionary we’ve set up as an experiment proves it. PayPal is taking every cent from our transactions – good thing we didn’t set it up to make us a profit.
Anyway, here’s a quick tip that can save you a nice bit of cash. PayPal offers a service called “Mass Pay“, something not a whole lot of people seem to know. Any transaction that’s done by Mass Pay will only cost you a dollar. That’ll save you about $30 on a $1000 transaction for example! Might not sound as much, but try adding it all up. Some of you could save $1000 per year, depending how much you’d use PayPal.
Mass Payment allows anyone with a Premier or Business account to send multiple payments instantly—saving time, money and the hassle of having to individually send funds to every payment recipient.
Click the links on the left of this page to learn more about Mass Payment.
Mass Payment can be used for such things as:
* Affiliate commissions
* Customer rebates
* Pay-to-surf rewards
* Employee benefits
* Lottery prizes
* Survey incentives
If you didn’t know this, now you do. If you did know this – we’re sorry for wasting your time. It just seems that a lot of folks aren’t aware of this and are there for wasting dollars that could have been put to better use.
Here’s the details from PayPal:
Start making payments by following these simple steps:
Step 1: Collect payee information
Conventional check runs require three basic pieces of information: the name of the payee, the payee’s street address, and the payment amount.
However, with PayPal’s Mass Payment, you need only the recipient’s email address and the payment amount.
Step 2: Create the file of payees
Create a tab-delimited text file. List the recipients’ email addresses in the first column and the payment amounts in the second column. In the third column, enter the three-letter code for the currency in which the payments will be sent:
* EUR for Euro
* USD for U.S. Dollar
* GBP for Pound Sterling
* CAD for Canadian Dollar
* JPY for Yen
* AUD for Australian Dollar
* NZD for New Zealand Dollar
* CHF for Swiss Franc
* HKD for Hong Kong Dollar
* SGD for Singapore Dollar
* SEK for Swedish Krona
* DKK for Danish Krone
* PLN for Polish Zloty
* NOK for Norwegian Krone
* HUF for Hungarian Forint
* CZK for Czech Koruna
Note: Payments in different currencies must have separate Mass Payment files.
Optional: Create a fourth column to list recipient IDs for tracking and reconciliation purposes. A fifth column allows you to send a customized note to each recipient.
View a sample Mass Payment file
Step 3: Sign up for a Premier or Business account
Create a Premier or Business account with PayPal, or upgrade your existing Personal account.
Note: You must confirm your email address and checking account before using Mass Payment.
Step 4: Fund your account
Fund your account by transferring money from your bank to your PayPal account. Credit cards cannot be used for Mass Payments. Your PayPal account must have sufficient funds to cover the Mass Payment and fees.
Step 5: Make the payments
To make a payment, click Mass Pay at the bottom of any PayPal webpage. Next, click Make a Mass Payment on the Overview page. Locate and upload your Mass Payment file when prompted and customize the email your recipients will receive. Click Continue and then Send Money to instantly process the Mass Payment.
don’t know. What we do know is that PayPal is charging everyone way to much for any stinking transaction that goes through them. The new internet dictionary we’ve set up as an experiment proves it. PayPal is taking every cent fro Original post byMaking Money Online with John Cow – it’s easy!
backlinemediawrote an interesting post today on Here’s a quick excerpt Next, click Make a Mass Payment on the Overview page. Locate and upload your Mass Payment file when prompted and customize the email your recipients will receive. Click Continue and then Send
“Mass Pay” seems like a million dollar idea. I was totally unaware of that feature, and it will definitely save me a lot of money in the future. PayPal is great to use when dealing with sales directly (not so much person-to-person transactions) because it preserves your identity big time.
Thanks for the tips
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Yeah, we use mass pay for ScratchBack monthly payments. Works great!
Jim Kukral’s last blog post..Does Your Brand Have A Jingle?
Yeah it is sad that alot of people don’t see that. I love getting paid through mass pay because it saves up alot of money. Another thing is that it helps hiring content writer on cheaper rates.
Syed Balkhi’s last blog post..Travelling East to West?
I have a little knowledge about that because i know some programs use that method. Cheers!
Laarni’s last blog post..Burn your money with th!nkFab
MASS PAY has been around for a while now and I know that GPT sites use it a lot. I didn’t know it would cost money to send funds to other users because I’m unclear on that.
“Anyway, here’s a quick tip that can save you a nice bit of cash. PayPal offers a service called “Mass Pay“, something not a whole lot of people seem to know. Any transaction that’s done by Mass Pay will only cost you a dollar.”
If that means that it’ll only cost $1 for the person sending it and the receiver does not receive a fee, I would definitely try this.
-Mike
p.s. IS DARIN ADVERTISING ON YOUR SPONSORS SECTION!?!??!
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[...] to Google Latest Content Quick Tip – Save Money With PayPal – 7 hours ago Here’s a quick tip from your friendly neighborhood cow bloggers; save money if [...]
We’re testing a new 125 banner traffic exchange and Darin seems to be using it too. Unfortunately we can’t block him, yet.
That really does suck…I know how much you guys HATE him! I would too if I won something that will NEVER get into my hands
-Mike
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You forgot to mention that only works when you pay from balance, it does not work if you try to pay from cc.
Interesting post, I’ve been aware of MassPay for a while and it will prove useful for my affiliate programs, for paying my affiliates.
I’m also experimenting with new software script for membership sites that allows for more thna just PayPal payments and will be a truly international payment processor/solution.
Thanks,
Dan
http://marketersrelief.com
I use paypal and I never knew about mass money. so do you have to pay a sunscription fee extra to use the service
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How much we can really save by following the tips…? will be there any hidden charge and do u know that?
[...] See.. it’s about MASS PAY. If you are a person that using paypal MASS PAY in your transaction, then you should read the full steps at his blog; JohnCow.com [...]
Thanks for letting us now, but I prefer the old fashioned manual way to send money…
[...] Quick Tip - Save Money With Paypal [...]
Hey nice tips. never know about this before.
dolarMs last blog post..How to Earn Money Online Through Paypal
how about we use masspay for send fund to 1 payee? do this allowed? i thought mass pay is for sending to multiple payee, hope anybody got experience on this can share knowledge, i dont want to risk my paypal account but many of my clients ask me to use mass pay, thanks