How to do PayPal "Mass Pay" payments and avoid fees. Read and learn!

[5UP3R]

This thread has given me a useful piece of information. Thanks!

 

[grace5]

thank you!

 

[Designempire]

Thank you very much for the heads up on PP .
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[domainaccess]

the method could come in handy when needed; thanks for sharing!

 

[wussadotcom]

Is it possible to ask for refund payment sent via Mass Pay?

 

[adomainstar]

Thank you very much for sharing this valuable Information . It can save a lot of money using this method instead of using the normal transfer. Thanks again..

 

[mkellerman]

Is it possible to ask for refund payment sent via Mass Pay?

Yes

 

[Namebrander]

There are a couple of tools available for this.

http://www.masspayfile.com/

http://www.scriptgod.com/paypal-masspay.html

But its easy enough to do using notepad and the tab key, I have privacy issues sharing this info with an unknown person so always diy, takes 10 secs.

Hi mediawiz thanks for posting those links as Ive used both of your links before to do pp masspayments over the last few months but your two links now no longer work (nothing to do with you I know)

I just used this link for anyone who wants to do an easy masspay - takes about 10 secs

http://www.secondversion.com/paypal-masspay.php

 

[kwok]

It was a great read and exactly what an experienced domainer would do.

I stumble upon a lot of people all the time who does not know how to pay with PayPal's "mass pay" feature, which only costs $1 in fees, instead of the usual 4%. I will therefore try to write a quick guide on how to do this. It is quick, easy and as long as you're paying with PayPal balance, anyone can do it. Some people believe that PayPal is only charging fees if the buyer is paying from credit card, but this is not right. PayPal charges roughly 4% of the amount from the payee, even though it is a PayPal balance payment.

Mass pay can be made only from a Premier/Business account, not from Personal accounts. Paypal does not charge incoming payments from balance to private accounts, so if you pay someone with a private account, just send normal payment, its free.

I know most of the experienced domainers on this forum knows how to do a Mass Payment, but I thought this might be useful for all the new domainers out there. Here we go..

Mass Payment

According to PayPal's mass pay instructions, you are supposed to create an Excel file with the payment information and save the file as a text file with tab separated values. I believe there is a much easier way to do it:

I. Open up notepad (or any text/ascii editor)

II. Type the following information, separated by tabs (use tab key, not spaces).

<Recipient's PayPal Address> <Amount> <Currency>
An example of a payment text file:

[email protected] 999 USD

This textfile will, when uploaded to PayPal, process a payment of $999 US Dollars to the PayPal address [email protected]

Save the textfile as anything you'd like, just try to remember where you saved it for later.

III. Log in to your PayPal account the usual way, but instead of sending a payment the regular way, look for the small link on the bottom of your screen that says "Mass Pay". Found it? Good, now click it.

Mass Pay Screenshot

IV. You are now one step away from doing a mass payment. Browse to find the text file you just created in notepad and upload it to PayPal as directed. Type in the e-mail address you want the receipt to be sent to and perform the payment by clicking the button.



Voila! The PayPal recipient has now received his/hers payment and it only cost you $1 in fees, instead of 4% !

Good luck with mass pay payments, it has saved me a couple of bucks as some deals involve adding the 4% fee to the final sales price.

 

[domainlist]

It is useful for me,thanks!

 

[hjordis]

very useful thread! i have a question, with a non-us premier account, i pay quite a high fee on all incoming payments, so if senders send me money with masspay, how much fee do i have to pay to receive the payments? thanks!

 

[Stian]

very useful thread! i have a question, with a non-us premier account, i pay quite a high fee on all incoming payments, so if senders send me money with masspay, how much fee do i have to pay to receive the payments? thanks!

You will pay no fee at all. The sender will pay a $1 fixed fee for the mass payment, you will get the entire net amount in your PayPal account.

E.g. if I mass pay you $500, you will receive $500 net in your account. No fees.

 

[hjordis]

You will pay no fee at all. The sender will pay a $1 fixed fee for the mass payment, you will get the entire net amount in your PayPal account.

E.g. if I mass pay you $500, you will receive $500 net in your account. No fees.

thank you so much for the detailed explanation!! very helpful!

 

[Onward]

Has anyone done this recently? Paypal Masspay?

 

[randomo]

Sure, I do it all the time. (Sellers appreciate it!)

 

[Onward]

Thanks Randomo. Is it still $1 even for mid XXXX? I understand from reading that 10k is the limit.

 

[randomo]

I'm pretty sure it's been $1 every time I've used it, no matter what the amount. (I think my largest payment that way has been $xxx.)

 

[Namebrander]

For those looking for a link to create a masspay file this one works well and is easy to follow


http://www.secondversion.com/my-scripts/paypal-masspay/

 

[euphoria]

Bookmarked, thanks

 

[WORDSWORTH]

This was much easier than I thought. Thanks for the heads up PP. Just made my first payment using a .txt file with no probs. Great thread.