New Tool Enables Online Merchants to Compare PayPal Fees to Payment Cards

July 6, 2010, a Chicago-based service that enables merchants to compare credit card processors, recently announced it has developed a new tool for comparing PayPal fees against Internet merchant account fees. The PayPal Upgrade Calculator works by examining a merchant’s average transaction size and monthly volume. The calculator takes a merchant’s inputs and runs a real-time fee analysis between PayPal’s rates and an average of the credit card processors that participate in the comparison shopping marketplace for merchant accounts. The company notes the service relies on proprietary software to provide an apples-to-apples comparison. “Many times business owners go with PayPal without considering that a traditional merchant account can actually be a cheaper solution,” said Joshua Krall, CTO and co-founder of TransFS. “The TransFS PayPal calculator lets business owners compare the two options side by side to make the best choice.”