PayPal Merchant Account - One Solution For All Your Online Payments
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PAYPAL MERCHANT ACCOUNT - THE DEFINITIVE GUIDE (2021)
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PayPal Merchant Account is a business account provided by PayPal to the customers with some extra benefits than the basic account. PayPal has given customers a lot of comforts when it comes to making payments online. Their focus has been on the payment problems faced by the small entrepreneurs, and solving those problems has been the key to their great success. The merchant account is one of the most secure, and reliable online payment methods. A merchant account has some extra and important advantages over a basic account. PayPal Merchant Account comes with an account specialist to set up the account, it is also quite easy to set up and run.
Transcript of PayPal Merchant Account - One Solution For All Your Online Payments
PAYPAL MERCHANT ACCOUNT - THE DEFINITIVE GUIDE (2021)
Why Do We Need A PayPal Account
Since PayPal has become the world's largest online transaction service company, you are probably wondering if you should open a PayPal Business Account for your company. Setting up a PayPal business account enables you to take advantage of several features not available with a PayPal personal account. There is no charge to set up a PayPal business account but there are fees associated with many of the business account features.
Payments Mode In PayPal
Your business can accept payments for goods and services through PayPal. Using a PayPal business account, you can accept online payment via PayPal, as well as in your store or business office, through a mobile card reader, and by phone. Many people, especially those shopping online, prefer to pay using PayPal.
Payments Mode In PayPal
PayPal can also process payments made with major credit and debit cards. There are no monthly fees, setup fees, or cancellation fees and there are no minimum processing requirements. You can accept credit card payments through PayPal even if you don't accept PayPal itself as a payment option for your customers. For PayPal online payment, your website can have a checkout button for PayPal.
Payments Mode In PayPal
For online transactions, PayPal charges 2.9% of the transaction amount, plus a flat fee of 30 cents, if the funds come from within the United States.
For funds coming from other countries, the fee goes up to 4.4%, plus a flat fee that varies based on the currency used.
For transactions at your store, the charge is 2.7% for funds from the U.S., and 4.2% for funds from another country, plus the flat fee. Additional fees are charged for accepting payments in other currencies.
PayPal Credit For Your Customers
PayPal Credit offers its own credit and terms for your customers, which may be more favorable than terms offered by their other credit cards. For example, they will pay no interest if the transaction is paid in full within six months on purchases of $99+. This may serve as an incentive for customers to buy from you, rather than from a competitor that does not offer PayPal Credit.
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