PayPal is by far one of the most widely known credit card payment processors. In addition to its popularity, the company is known for its security, low costs, and simplicity.PayPal is an industry-leading credit card payment processor. The company currently has over 150 million accounts – one in three online buyers in the US have a PayPal account.
With a PayPal account, you will be able to receive credit card payments instantly. As an added bonus, you can even integrate your PayPal account with your e-commerce business for the added convenience of your customers.
The features of a PayPal Business Account include the following: low costs, straightforward setup, and security.
- Startup Cost: Free
- Monthly Costs (dependent on monthly sales):
- $0.00 – $3,000.00 = 2.9% + $0.30
- $3,000.01 – $10,000.00 = 2.5% + $0.30
- $10,000.01 – $100,000.00 = 2.2% + $0.30
- > $100,000.00 = 1.9% + $0.30
- No startup fees, no monthly fees
- No cancellation fees
- No processing equipment needed
- 60-70% lower fraud rates than other merchant accounts
- Large network of buyers
“I have a paypal business account. Great thing is that there is no charge to open one. they only take their money when transactions are made.To get your money, you either request a wire transfer (free) or request a check (charge) or other means. I always use the wire transfer and never had a problem. paypal rules.”
Actual user feedback from webmasterworld.com
“paypal is definitely a must for business owners simply because almost everyone has a paypal account. if you have an online business, you wont survive without having a paypal business account. Trust me.”
Actual user feedback from thewholesaleforums.co.uk
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Accuracy Disclosure: www.merchantservicereviews.com has not directly tested this product, but has conducted research into the alleged results of other users who claim to have used the product. The accuracy of both the publisher’s research and alleged user results cannot be guaranteed.