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Posted By: jay berhens

different banks charge differnt merchant rates. PayPal charges 30 cents plus 2.2%. I have yet to see a commercial bank that can match that rate. The best we could get for my comic store was 3.5% for MC/Visa and 6% for Amex (which we didn't take becuase of the rate).

If you make use of PayPal's debit card, you get 1.5% cash, thus lowering your rate to measly .7%. Then throw in the interest that you earn on the money you keep in your account and is costs you almost nothing to take PayPal as a form of payment.

Jay