$2 sales... avoiding losing most to Paypal fees? [updated w/ more questions]
Problem is, the customer will likely pay me for each product they buy, and at the end of each month, I'll pay the product creator half of that amount ($1) for each unit sold that month. Even so, I'm going to be losing a lot to Paypal fees.
Any suggestions for minimizing this damage? Right now, I have a Wordpress plugin called Easyfileshop, which is why I'm using Paypal... otherwise I'll have to figure out how to sell them through another payment processor on a Wordpress site. Sigh.
**EDIT**
My questions have changed a little thanks to the helpful responses so far.
Thanks for all the responses! Let's see... Credits system: This is actually exactly what I was trying to go for at first... having people purchase a minimum of $5 in credit at a time and then spend the credits on the different products as they like. I just can't figure out where to find the coding/plugins/extensions to make it work! If anyone can help me out with this, I'd be so very appreciative. Clickbank instead: Unfortunately, I don't think that would work. I'm avoiding using Clickbank for this due to the particular niche and setup of this site... it's not a standard IM info product site. Charging more: That wouldn't work either, I'm afraid. The premise of the site demands keeping it to $2. Paying the product creator less: Also not possible... I don't want to be difficult, but again, the premise of the site demands paying the creator half, though I might consider splitting the impact of the fees on the initial customer payment. Different payment processor: Ooh, I like this one. Any ideas on which ones can be easily integrated into Wordpress, preferably through some kind of plugin? Upsells/email captures: Oh yes, they're going to be persuaded to buy products regularly. :p Paypal micropayments: Darn, if only it supported CAD. === So I guess in the end, I'm looking for either a way to institute a credits-based system (what I initially started out trying to do and couldn't figure out), or a different payment processor. Any suggestions on these? Thanks so much to everyone for all your help so far! |
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