What is PayPal ?

PayPal is a real-time payment solution that is quickly becoming the global standard for online payments. It is free, Fast and secure. With PayPal, any business or consumer with an e-mail address can send or receive payments online in a secure, convenient and cost-effective fashion.

PayPal can be a logical choice for small and medium-sized enterprises that want to conduct E-commerce transactions.

Sending and receiving money through PayPal is absolutely free of charge. In fact, you don’t even need a PayPal account to send or receive money. If you are requesting money from a friend or customer, an e-mail will be sent to them from PayPal with instructions on how to pay you. And conversely, if you want to pay someone who doesn’t have a PayPal account, an e-mail will be sent to the recipient with instructions on how to obtain the money you have sent them.

Using PayPal

Opening a PayPal account and depositing funds into it is free. And you don’t need a credit card. Open a paypal account here>>

PayPal users have the option of funding their accounts directly from their checking or savings account. It takes about 3-4 business days to transfer funds from your bank account to your PayPal account and the service is free of charge for all U.S. accounts. Transferring funds from your PayPal account back to your bank account works in exactly the same manner: each transaction takes 3-4 business days and is free of charge. The same services are also available to international account holders for a small service fee.

If you prefer, you can still deposit funds into your PayPal account through a credit card. Registering your credit card with PayPal ensures that funds will be available for deposit into your PayPal account up to the personal limit on the card.

Accept Payments via credit card online

PayPal Premier and Business accounts allow businesses to accept credit card payments online in addition to the standard payment services. Users who accept credit card payments are charged either a standard rate (2.9% + $0.30) or a merchant rate (2.2% + $0.30) if the vendor reaches certain minimum volume requirements. These rates are for vendors that have volumes of $3,000 over 90 days, which works out to an average of $1,000 per month. These rates will change according to your transaction volume.

PayPal is flexible enough to serve as a complete billing solution. It provides a variety of E-commerce solutions that can be integrated into your Web site in a few easy steps. For example, a simple “purchase button” , " buy now" "donate button" can be placed on your Web site.

Once a visitor decides to make a purchase, all they have to do is click on the button and submit their information. That button sends the request to PayPal’s back end where it processes the entire transaction for you

Advantage

There are many advantages to using PayPal E-commerce solutions:
1. Easy to implement
2. No up-front costs or monthly fees 
3. Improved buyer experience – PayPal’s simple and easy to use interface, makes for efficient user experience
4. Sell with ease – PayPal provides detailed transactions records
5.No software required and absolutely no charge.
6. It fast, free and secure.

Billing Solutions – Advantages for Small Business

The greatest advantage of using a billing solution such as PayPal is affordability. Small businesses that are selling just a single product and do not conduct a high volume of transactions can outsource PayPal as their E-commerce solution at a fraction of the cost it would require to ‘E-commerce enable’ their Web sites. 

Setting up your Web site for E-commerce can be a significant expense and this is especially for smaller businesses. Merchant accounts require monthly fees and Web hosting, software and administrative personnel all combine to raise the cost of conducting E-commerce. 

With a billing solution provider like PayPal, simply sending and receiving money won’t cost a penny and you can process credit card payments without having to invest in the overhead and channeling resources to administer it. Your only cost is the modest transaction fee while PayPal takes over the entire online payment process for the merchant – from taking all the orders, processing the financial transactions to remitting payment to your bank account or Cheques. PayPal allows you to take advantage of a first class E-commerce infrastructure with its robust security systems, efficient record keeping and customer service. The PayPal name also lends the respectability of a strong reputation – something that is extremely important in attracting customers that are somewhat reluctant to engage in E-commerce. PayPal is not only used by online retailers but has caught on with many offline businesses such as Web designers, lawyers, consultants and contractors. With over 20 million users and 3 million business users, PayPal continues to attract users and build on its strong reputation as an online payment solution. Open a Paypal account here>>