Over the years, many tried to overcome the problem of high fees with risky subterfuges. We could conclude the question with this image but keep readin. As you probably know, Ryanair was excelling in this habit. For example, in Italy it's illegal to impose a surcharge since 2010 as stated in art. This includes electronic transactions like PayPal. According to regulations, traders are not allowed to charge extra for using credit or debit card. The same prohibition applies to European Union. This is written in Accepting Payments from Buyers section of User Agreement. PayPal specifically states you can't impose a surcharge or any other fee for accepting payments. That's where people start thinking about charging transaction fees to end-users which brings us to the questions. Bank transfer always grants you full amount while PayPal keeps 1.75 euro leaving you with 38.25 euro. Let's suppose you sell a hosting plan that costs 40 euro. This directly affects your earnings as the amount of money you receive varies depending on the payment method. For instance, bank transfers are usually free while payment processors like PayPal charges you high fees. The amount of payment fees charged to a merchant depends on various factors. Having said that, not all payment methods are equal. For example Payments Bundle adds GestPay, BNL Positivity and Nexi as payment gateways. Enabling a new payment method takes a few clicks and you can choose from a list that includes PayPal, Stripe, Bank Transfer, Skrill, GoCardLess and many more.Īs if it wasn't enough, there are hundreds of additional third-party payment solutions to choose from. Customers are busy most of the time that's why you should provide them the comfort they need to buy your hosting plans. Offering multiple payment methods is one of the key to make your web hosting business successful.
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