Looking for a low cost way to get paid?

PayPal’s Business Payments may be the answer.

Business Payments was introduced in 2010 as a pilot program for a new low cost method of sending and receiving payments. Unlike the normal transaction fees there is a flat fee of just $0.50 (Yes just 50 cents). It is oriented toward a specific set of business payments operations and has specific requirements:

  1. The sender of the payment must have a PayPal account and have their account linked to their bank account.
  2. Payments must be funded by the PayPal balance or eCheck.
  3. Only available to US customers receiving payments domestically
  4. Use must meet certain criteria (see list below) and be approved by PayPal.

Under the hood Business Payments uses the Adaptive Payments API. (see that section for details). The criteria for this payment system is:

  • Accounts payables, Affiliate Payments, Payroll, Expense Reimbursements, Rebates, Refunds, Payouts, B2B Payments.
  • Other use cases under consideration are– Invoicing, Child Care, Entertainment, Government, Medical, Rents, Utilities, Tuition

To take advantage of this low cost system you either need to program it into your existing website or utilize one of several bill payments vendors that are integrating this into their offerings. Which method is best for you depends on a lot of conditions that can’t be covered here. As of this writing the following vendors are supporting Business Payments:

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This entry was posted in eCommerce, PayPal and tagged , , , by John Moore. Bookmark the permalink.
John Moore

About John Moore

John Moore is the co-founder of SonicSpider, LLC in San Diego County, California. John is our head Internet developer, overseeing the direction of our technical services. He has been programming in a variety of languages for more than 25 years, first as the owner of the consulting and system architect/design company, Micro-Phyla Systems, which provided services to enterprise level companies, and then as a principle with SonicSpider LLC. SonicSpider has two primary divisions, SonicWebTech for programming, ecommerce solutions, and general web oriented technical assistance - and RightStart Websites, specializing in WordPress, which provide low cost web packages and website enhancements that can span your needs from "do it yourself" to "do it all for me". John is also a PayPal Certified Developer and has extensive experience with many payment gateway solutions.
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