Big fat news! Our clients get reduced PayPal rates!
This is something PayPal is pushing for all Businesses to do eventually, but they are incentivizing it for our clients a bit more with that lowered rate.
Besides the savings for you and your members, the upgrade will add deeper functionality to PayPal Commerce. To name a few: the shopping cart experience is clearer regarding the credit card options and there’s a Pay Later option where the club gets ALL the money from the purchase right away, but the member is paying off PayPal in increments. In addition, during the upgrade process, PayPal will place a note in your account that you are a Swim and Tennis Club, which should remove any holds on the account due to taking in a lot of money for a short time each year! It’s a big deal.
A couple things need to happen to get that rate and functionality:
If you already have a Club PayPal account, click the link below and enter the email address, tap Next and enter your password. You must do this as the owner of the account.
If you do NOT already have a Club account, click the link below and enter a valid email address you’d like to use, tap Next and you will be guided through creating a new PayPal Business Account.
If you have had a Paypal account for awhile, they might ask for some identity verification. A w2 for the club, or the last 4 social or DOB of the person that created the account (this is only for verification and account recovery, not for taxes).
If they ask for a Business Manager, just add yourself, or the President, whoever really. And again, this has nothing to do with taxes. Just be sure you DO NOT toggle on that anyone owns more than 25% of the company.
On the last screen they will ask about Fraud Protection. Just click “I’ll do this later”. You guys don’t have to worry about much fraud as these are members paying.
If anything trips you up, feel free to send us a screenshot.
Finally, we will need very limited access to your PayPal account to create the connection. From the Account Settings page, you should see an option to Manage Users. Please add email@example.com and just enable for Developer access only. Pick a username that is specific to your club name or initials.
When that’s done, we will get an email from PayPal with the User information you just created. We’ll add you to the queue to be upgraded next and reach out.
Once PayPal has done their part and we have done ours, there’s one more step. We’ll send you instructions to complete the connection. After that is done, you will receive a new Pricing Agreement from PayPal that, once signed and returned, will activate your new lower rates and features.