{"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 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 First, we\u2019re gonna need a PayPal Business account. Follow this:<\/span><\/p>\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 <\/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 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>\nUnderstanding the issue<\/span><\/h2>\n
How to enable the solution<\/span><\/h2>\n
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Bonus: How to increase PayPal tips<\/span><\/h2>\n