PayPal on Monday announced it would offer reduced payment processing fees for online digital music companies. “Looking to lure online music services into offering the PayPal platform as a payment option for music downloads, PayPal announced the new payment processing rate of 2.5 percent plus 9 cents per transaction — well below the average of 2.2 percent to 2.9 percent plus 30 cents per transaction now available for existing PayPal merchants,” reports InternetNews. PayPal director of merchant services Todd Pearson said PayPal would begin negotiations with all the major players in the a la carte download space, including Apple’s iTunes and Roxio’s Napster.
