Setting Up PayPal Micro Payments

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So I'm trying to follow these instructions to configure Micro Payments. I'm getting this error message and haven't been able to find a solution:

You haven't created any settings for making small purchases (less than
$4.00 USD) that don't require shipping.

How do I configure PayPal to resolve this error message before I can switch my account to micropayments?

Best Answer

  1. Step 1 register here.
  2. Step 2 verify that you are a Business or Premier account.
  3. Step 3 Go to Paypal labs click signup.
    • Note that the Paypal labs site seems to not work properly in many browsers. For example, on OS X it seems to only work in Firefox, not in Chrome or Safari.
  4. Step 4 Wait 2 days and check status if you'd like on the signup page.