Update on 'Google Checkout Transaction' and 'AdWords Transaction!'

Google has sent emails to the webmasters, announcing the change in their transaction processing fees from the month of May onwards (5th May, to be very precise). Here is a small part of that email, sent by Google:

"We're writing to let you know that on May 5, 2009, Google Checkout's transaction processing fees will be changing. We'll be transitioning from our 2.0% + $0.20 per transaction rate to a new tiered fee structure, where the rates will vary depending on the dollar amount of your monthly sales processed through Checkout. The rate you'll be charged beginning on May 5, 2009 will be based on your sales processed through Checkout during the month of April 2009. Each month thereafter, we'll continue to use the prior month's sales volume to determine your transaction processing rate."

Google will also discontinue the AdWords free transaction processing promotion from the same date.

"We'll also be discontinuing the AdWords free transaction processing promotion on May 5, 2009. Any AdWords transaction processing credits accrued during April 2009 will be applied towards transactions that occur on May 1-4, 2009." Check out the new rates @ http://checkout.google.com/seller/fees.html

If you have any queries, then you can login to their Help Center or check out the official Checkout Blog.

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