PayPal growing as recourse for online business transactions

Published: Wilson Clark

On: Nov 2017

When it comes to turning your website into a money-making business, then Paypal is one of the most popular and best choice for handling your transactions online. The Paypal services are considered to be secure, fast and convenient. While the payment services can also show up in your account withinn a fraction of minutes. But there are costs associated with using Paypal services in order to process payments. And thus you have to search the options to ensure that you are getting the best deal.

Paypal’s option for your online business

Firstly, you will have to select between a business and a premier account. Both carry a standard fee for online payments as well as invoicing of 2.9 % plus 30% as per transaction within the United States.

Paypal offers a premier account for causal sellers including those who don’t depend on their site for a steady source of income & plan on purchasing & selling too.

To access the Paypal account, you first need to get a business account, then you have to downgrade to the premier account. The business account requires you to operate under a group name or company. You should note that there are additional fees for each and every account type for things such as refunds, chargeback and extras including recurring billing have costs associated with them.

After finalizing the account type, you will need to compare Paypal’s payment and checkout products.

Adding Paypal to your website

  • Once you have a business or premier account, you have to give customers access to your products.
  • Depending on which service you choose, you may need to insert a link to your Paypal account and add a contact form accordingly.
  • After that, insert a bit of code onto your website or you can create a button through Paypal’s site.