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EDIT 1:

It seems that paypals micropayment system is currently my best option to retaining as much of the $1 as possible. Does anyone know of a way to retain even more of the $1?

ORIGINAL QUESTION:

I need to receive money from users from my webpage. They will only pay very small amounts, i.e. $1 max, but the total will probably go upto $10,000.00. What is the best way to receive this money from a webpage? When I say "the best way", i mean a method of getting the money from where I lose as little of it as possible in terms of fees for receiving the money.

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1 Answer 1

up vote 1 down vote accepted

The rates and fees you pay will depend on what service you choose which will be heavily influenced by what country you are in and what product/service you sell. If you're in the US and sell low risk items or service you can get rates as low as ~2.3% and .25 per transaction. If you're overseas and have a high risk product your rates can go as high as 16% of every transaction.

It's hard to get more specific then that without knowing more information about what it is you are taking payments for.

update

Check out Paypal Micropayments. It's designed for low ticket purchases like yours.

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The $1 is a one off membership fee to get access to the website. –  oshirowanen Mar 16 '11 at 11:50
    
@oshirowanen - updated my answer to reflect your comment –  John Conde Mar 16 '11 at 12:00

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