'Mass Payment' feature will soon be available for premier & business international accounts.
The best thing is that Premier & Business account recipients will not be charged any fee to recieve these payments. WooHoo!
Please correct me if I made any mistakes.
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Mass Payment Overview
Replace checks with instant email payments!
Coming soon for International Premier and Business accounts!
PayPal enables businesses to avoid the labor-intensive and slow process of writing and disbursing checks to large numbers of people.
Instead, they can make instant, electronic payments through PayPal.
It's perfect for paying:
affiliate commissions
customer rebates
pay-to-surf rewards
employee benefits
lottery prizes
survey incentives
And Mass Payment is inexpensive! A fee of just 2% of the payment amount with a $1 cap will be assessed on each payment made using the Mass Payment feature.
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Mass Payment - Benefits
Instant - Faster than a check
Online payments are instant. Never again will you have to say "the check is in the mail."
Powerful - Builds and strengthens relationships
Instant payments mean instant gratification for your recipients. Plus, you can customize the email notification that they receive.
Flexible - Gives recipients a choice
Payment recipients can electronically transfer their money to a checking account, send money to friends, or shop online - all for free.
Easy - Simplifies record-keeping
Minimize accounting paperwork with a downloadable transaction history. Reconcile exceptions easily with automatic return of unclaimed funds.
Inexpensive - Competitive Pricing
A fee of 2% of the payment amount with a $1 cap is assessed on each payment within the Mass Payment.
[ 05-01-2002, 08:32 AM: Message edited by: FamilyAffair ]