PayPal processing fees

As an event organizer utilizing Ticketstripe, you have the convenience of seamlessly integrating PayPal as your preferred payment processing option. Your customers may purchase tickets and donate from your event page using a range of payment methods provided by PayPal, all without the need to create an account. However, it’s essential to understand the PayPal processing fees associated with this service to make an informed decision. Here’s what you need to know about PayPal’s payment processing fees and how they impact your event.

What Are PayPal Processing Fees?

PayPal processing fees include a percentage of the transaction amount and a fixed fee per transaction.

PayPal’s Fee Structure:

PayPal’s fees for online transactions vary based on several factors:

• Standard Fees: These fees range from 2.99% to 3.49% plus $0.49 per transaction.
  • 2.99% applies to credit and debit card transactions
  • 3.49% applies to PayPal Checkout and Venmo transactions
• Additional Charges: Additional fees may apply for international payments and currency conversions. For the latest fee structure, visit PayPal.com.

The above rates are for the US only. PayPal is available in more than 200 regions. For rates in your region see PayPal.com.

Using PayPal with Ticketstripe:

• Multiple Payment Options: PayPal supports various payment methods, including credit and debit cards, PayPal Checkout, Venmo, and Pay Later which can help increase ticket sales by offering flexibility to attendees.
• Higher Fees for Certain Payments:  Accepting payment options like PayPal Checkout and Venmo incurs a higher fee (3.49%). With Ticketstripe you can choose to pass the standard fee of 2.99% to buyers and PayPal deducts any difference from the transaction before depositing it into your account.
• Immediate Access to Funds: With PayPal, proceeds from ticket sales and donations are generally deposited into your PayPal account instantly, ensuring quick access to your funds for event planning and management.
• Fee Handling: Ticketstripe allows you to pass on the standard PayPal fee (2.99% plus $0.49 per transaction) to help you collect more from your tickets and donations.
• Simple Accounting: Ticketstripe’s service fee (which is passed to the buyer by default) is automatically deducted from every order, streamlining your accounting.
• No In-Person Payment Processing: PayPal is primarily designed for online transactions, lacking direct in-person digital payment processing capabilities. However, for events accepting cash, PayPal-connected accounts can process these sales using Ticketstripe’s Box Office mobile app.

Additional Features and Considerations:

• Pay Later Option: To offer buyers the Pay Later payment method, you can enable this feature in your Ticketstripe dashboard.
• Nonprofit Discounts: Registered nonprofits can apply for discounted payment processing fees with PayPal. It’s important to note that PayPal’s nonprofit rates are separate from Ticketstripe’s nonprofit rates. Get in touch with Ticketstripe support if you want to modify the payment processing fee you pass on to your buyers.

Getting Started:

If you don’t have a PayPal account yet, you can sign up through the Ticketstripe dashboard or directly at PayPal.com to start leveraging PayPal’s payment processing capabilities seamlessly.

Understanding PayPal payment processing fees is important for effective event management. If you have any further questions or need assistance, don’t hesitate to reach out to our support team for guidance.

Ticketstripe also integrates with Stripe. Learn more about Stripe processing fees here.