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Whether you’re selling a product or service
online or running a content-based website and
want to be able to accept donations, learning
how to accept payments online with Paypal, a popular
online payment processing provider, is a good
idea.
There are several reasons to accept payments
online with Paypal:
1. Startup and regular fees are low for the merchant
(you). There are no monthly fees, setup fees,
or cancellation fees to use Paypal’s basic
options, and fees are taken directly out of incoming
payments. The only monthly fee is for users of
the Website Payments Pro package (when comparing
the three most common Paypal payment solutions
for merchants).
2. Accepting payments online with Paypal allows
you to accept payments not only from a visitor’s
Paypal account, but also through credit cards
and e-checks, without needed to set up a separate
merchant account to process credit cards.
3. Users don’t have to be a member of Paypal
to be able to make a payment online with Paypal
through their credit card.
4. Paypal can be very easy to set up on your
website, and offers Paypal buttons for single
items, or a Paypal shopping cart option.
5. Paypal offers secure online payment processing.
There are three common solutions that may fit
the needs of your online business, to accept payments
online with Paypal:
1. Email Payments – You can let your clients
or customers pay you online via email using Paypal’s
email payments option, which has no monthly or
setup fees. Low fees are based on each transaction.
2. Website Payments Standard – This option
to accept payments online with Paypal allows you
to accept Paypal, credit card, and bank transfer
payments directly from your website, and includes
optional shopping cart integration. While there
are no monthly or setup fees for the basic service,
you can choose to add on the ability to accept
payments over the phone, through fax, or through
mail orders at an additional monthly fee.
3. Website Payments Pro – There are two
main differences between Paypal’s Website
Payments Standard and Website Payments Pro. Those
differences are that Website Payments Pro includes
a monthly fee automatically, which allows merchants
to accept payments online, over the phone, or
through fax and mail orders, and that Website
Payments Pro allows your customers to pay directly
on your site, with no redirection to pay through
Paypal’s interface.
Paypal has different member account levels, including
personal, premiere, and business accounts. If
you want to accept payments online with Paypal,
you should register for a premiere or business
account. Here are the differences for merchants
between those two options:
Premiere Paypal Accounts – Premiere Paypal
accounts allow you to accept payments online under
your own name. Premiere accounts are assessed
a transaction fee for each incoming payment accepted,
as opposed to a personal account.
Business Paypal Accounts – The biggest difference
between a Premiere Paypal account and a Business
Paypal account is that a business account allows
you to accept payments under your business name
(ideal if you don’t want to do business under
your own name). Another benefit is that access
can be set up for multiple users, which can be
an advantage if more than one person must be able
to access account information.
>> Visit
PayPal for more information
>> Return to Web
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