Not sure if this is a sign of Google Checkout’s success or struggle, but rates are increasing effective May 5th.
- If your monthly sales are less than $3,000 you’ll now pay 2.9% + $0.30
- $3,000 – $9,999.99 you’ll pay 2.5% + $0.30
- $10,000 – $99,999.99 you’ll pay 2.2% + $0.30
- $100,000 or more you’ll pay 1.9% + $0.30
It gets worse! Any transactions with buyers outside your home country will incur an additional 1% fee.
Worser still! You AdWords spending will no longer help you get free Google Checkout processing–welcome to our world!
The new rates are virtually identical to those offered by PayPal, but PayPal offers many extra features for the fee.
I cut way back on using Google Checkout once the free processing finished–you can bet I’ll hardly touch it going forward. How about you?