Top 7 PayPal Credit Card Processing Advantages
By J. Stephen Pope
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Here are seven good reasons why you should consider PayPal.com as your credit card processing solution and merchant account alternative.
- Accept Credit Cards Without a Merchant Account:
You can accept all major credit cards as well as payments
from bank accounts. Your customer doesn't have to be a
member of PayPal to pay by credit card.
- Low Cost:
There are no initial or monthly fees to join PayPal. Fees
are 2.9% of sales and $0.30 per transaction; rates vary
slightly by country and sales volume.
- Flexible and Easy to Use:
PayPal payments can be made in six different currencies for
digital or physically shipped products, auctions, services,
recurring payments (like subscriptions), et cetera. As well,
PayPal is very easy to use and setup.
- Shopping Cart:
You can use PayPal's free shopping cart or use other
compatible third-party shopping carts.
- Buyer Network:
According to PayPal.com, PayPal has "more than
86.6 million accounts in 56 countries and regions
...growing by 83,000 a day... One in three online
buyers in the U.S. has a PayPal account."
- Merchant and Auction Tools:
PayPal has a number of automated tools to make your
life easier including financial reporting, shipping
calculation, sales tax and value-added tax calculation,
and much more. Since PayPal is an eBay company, it is
designed to integrate well with eBay auctions.
- Fraud Detection:
PayPal claims to have "one of the lowest loss rates
in the online retail industry." Their Seller Protection
Policy is designed to protect the merchant; their Buyer
Protection Policy is designed to protect the customer.
J. Stephen Pope, President of Pope Consulting Inc.,
has been helping clients to earn maximum business
profits for over twenty-five years.
To learn more about accepting credit cards, visit
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Article Submitted On: November 08, 2005