PayPal facilitates online payments for hundreds of thousands of e-commerce ventures, as well as traditional brick-and-mortar companies with an online presence.
It allows businesses to provide secure payment options for their customers and accept credit card payments. Explore why you should use or pay with PayPal, and how it can work for you.
If you sell goods online, you've probably heard of PayPal. PayPal is a payment service provider that takes care of the whole transaction from end to end. We offer an online payment processing service that enables you to accept bank, debit, or credit card payments for the items you sell. When a customer pays for their purchase, we process the payment and transfer the funds to your PayPal account. When you accept credit card payments with PayPal, you unlock the ability to reach more customers and grow your revenue. This can be especially helpful for new businesses looking to convert first-time customers. Consider: Nielsen found a 74% increase in the likelihood of shoppers completing a purchase from an unknown merchant when PayPal is present at checkout.1
PayPal has security measures in place to help keep your business safe when buyers shop with you online. For example, PayPal uses fraud detection technology built on the data of over 1 billion monthly transactions, at no additional fee. PayPal also offers chargeback protection for eligible transactions and dispute resolution services.
Read on to learn how credit card processing works with PayPal so you can see how it can work for your business, too.
Any business can set up online payment processing, making it safe and easy for customers to shop with you. To do so with PayPal, you’ll first create a merchant account and then link that account to your payment form.
PayPal makes it easy for you to set up your PayPal merchant account— and unlike with other service providers, you won’t need to create a dedicated bank account. This is where you collect your money from your sales. With this account, PayPal can accept payments from customers on your behalf and then deposit the money into your business merchant account.
PayPal allows you to track all your sales in one simple dashboard. To get started, create your login, confirm your business information, link your PayPal Business account to your e-commerce platform or add PayPal to your site, and then you’re ready to start selling.
Let customers pay any way they like — they can pay online, in your store, or on the go. Send invoices or offer them installment payment plans in addition to online checkout solutions.
Once you've signed up for an account, use PayPal's payment gateway to connect your merchant account to your website. It’s that gateway that takes funds from your customer’s preferred payment source and puts it into your merchant account. This lets customers use their credit card or other payment information to make a payment.
Ready to accept online payments? Here's what the typical PayPal transaction process looks like in action:
Using PayPal for processing credit card payments helps you process payments fast, build customer trust, and may also help reduce fraud. Benefits include:
Customers depend on businesses to keep their credit card information safe when making purchases. This is especially true when a seller is unknown, which is where PayPal can help. Help build credibility to your site by using PayPal, a trusted brand when it comes to financial security.
Encrypted website payments through PayPal help you keep transactions secure by processing them on web pages that utilize SSL encryption. Encrypted payments help you reduce the likelihood of identity theft while helping you meet your PCI compliance requirements. This can help make your business a safe and more reliable source for all your customers.
PayPal for Business makes it simple and secure to accept payments and grow your business. With the ability to take a wide variety of online payments with ease, PayPal lets you offer a seamless checkout experience to customers around the world.
In addition, PayPal can help you expand the power of payments to do everything from sending an online invoice to accessing financial services to improving your risk management.
Learn more about PayPal for Business.
In partnership with three expert business owners, the PayPal Bootcamp includes practical checklists and a short video loaded with tips to help take your business to the next level.
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