PayPal, the global online payment service, has announced new micropayments processing fees for low cost digital content, especially for payments less than $2.


EBay has reduced processing fees for its PayPal online payment service on inexpensive digital items. The items include low cost digital content, including video games, online greeting cards, news articles, mobile phone content and digital music, San Jose.

Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online. An extension of PayPal’s existing payment service for digital music providers, PayPal’s new micropayments pricing is designed especially for payments less than $2. The new fees will enable merchants to process payments at a rate of 5 percent plus 5 cents per transaction.

Peter Ashley, director of PayPal’s micropayments business says, “The consumer response to a-la-carte pricing for music downloads has clearly shown that customers want to be able to pay as they go.With our new pricing tier for digital goods, merchants can affordably provide customers with what they are demanding – the opportunity to purchase the content they want without the need to sign up for subscriptions or pre-payments.”

To read the full report click here.

Sharing is caring