{"id":352,"date":"2023-08-13T18:03:45","date_gmt":"2023-08-13T15:03:45","guid":{"rendered":"https:\/\/blog.donoclip.com\/?p=352"},"modified":"2023-08-13T18:03:45","modified_gmt":"2023-08-13T15:03:45","slug":"how-to-reduce-your-paypal-fees-as-a-streamer-on-twitch-youtube-or-kick","status":"publish","type":"post","link":"https:\/\/blog.donoclip.com\/blog\/how-to-reduce-your-paypal-fees-as-a-streamer-on-twitch-youtube-or-kick\/","title":{"rendered":"How to reduce your PayPal fees as a streamer on Twitch, YouTube or Kick"},"content":{"rendered":"

If you get part of your income via PayPal, you might be able to reduce your fees <\/span>drastically<\/b>. This may translate to hundreds, and in some cases thousands of dollars a year, depending on your audience.<\/span><\/p>\n

Here’s a short how-to, relevant for users of: Streamlabs, StreamElements, Donoclip, Ko-fi, and any other services that feature PayPal tips & donations.<\/span><\/p>\n

Understanding the issue<\/span><\/h2>\n

PayPal’s fees were not made with small donations in mind.<\/span><\/p>\n

A 30 cent fee may not be much for a large one-time payment, but it can be very harsh on dozens of $1 donations. Instead, you could be paying as low as ~6 cents on small tips. How?<\/span><\/p>\n

Dynamic Micropayments<\/b> are PayPal\u2019s answer to this issue exactly. If you\u2019re a \u201cmerchant\u201d who primarily receives payments in small portions (1\u201310 USD each), PayPal offers significantly lowered fees on those transactions, so that you don\u2019t end up forfeiting your entire income.<\/span><\/p>\n

How to enable the solution<\/span><\/h2>\n

First, we\u2019re gonna need a PayPal Business account. Follow this:<\/span><\/p>\n

    \n
  1. Login to your PayPal account<\/span><\/li>\n
  2. Check whether your account is a business account in the settings<\/span><\/li>\n
  3. If not, upgrade it here: https:\/\/paypal.com\/bizsignup\/#\/upgradeBusinessAccount<\/span><\/li>\n<\/ol>\n

     <\/p>\n

    Continue once your account has been upgraded. This should take about 3 minutes.<\/span><\/p>\n

    Next, let\u2019s request Dynamic Micropayments for our account:<\/span><\/p>\n

      \n
    1. Go to your message center https:\/\/paypal.com\/smc\/async\/home<\/span><\/li>\n
    2. Open a new ticket for support, with the text: “I’d like to enable dynamic micropayments for my account”<\/span><\/li>\n
    3. When prompted for help articles, pick “No, I need more help”<\/span><\/li>\n
    4. Pick “yes” to send the conversation to a customer support agent<\/span><\/li>\n
    5. When prompted for the full details, repeat with “I’d like to enable dynamic micropayments for my account”<\/span><\/li>\n
    6. Follow any instructions by support but repeat your request if needed, they are the only ones who can enable it for you<\/span><\/li>\n
    7. They will tell you it’ll take a few business days, at which point you can close the conversation and go about your day<\/span><\/li>\n<\/ol>\n

       <\/p>\n

      Note that with this change, it will not charge you extra on large donations like it used to. That’s where the “dynamic” part comes in – PayPal will use whichever fee structure is favorable for you.<\/span><\/p>\n

      If you find this article helpful, please consider sharing it with your fellow streamers.<\/span><\/p>\n

      Bonus: How to increase PayPal tips<\/span><\/h2>\n

      Now, your account is all set to receive tips with optimal fees – perhaps even better than Twitch and YouTube! But what if there\u2019s not a strong enough incentive for viewers to donate via PayPal?<\/span><\/p>\n

      If you haven\u2019t heard of <\/span>Donoclip<\/b> – it\u2019s a relatively new service that allows viewers to record short voice or video messages right on your donation page. This fun new concept is a great way to get closer with your community, while also serving as a new income stream.<\/span><\/p>\n

      At the time of publishing this article, Donoclip is completely free and does not charge extra fees. You can sign up now on Donoclip.com<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      If you get part of your income via PayPal, you might be able to reduce your fees drastically. This may translate to hundreds, and in some cases thousands of dollars a year, depending on your audience. Here’s a short how-to, relevant for users of: Streamlabs, StreamElements, Donoclip, Ko-fi, and any other services that feature PayPal […]<\/p>\n","protected":false},"author":2,"featured_media":350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/posts\/352"}],"collection":[{"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/comments?post=352"}],"version-history":[{"count":2,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/posts\/352\/revisions"}],"predecessor-version":[{"id":354,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/posts\/352\/revisions\/354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/media\/350"}],"wp:attachment":[{"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/media?parent=352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/categories?post=352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.donoclip.com\/wp-json\/wp\/v2\/tags?post=352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}