PayPal then provides you with the customer’s contact information and shipping address, if appropriate.Īccording to PayPal, PayPal Checkout is responsible for 82 percent more conversions (meaning people who actually complete the checkout process). In a nutshell, PayPal Checkout adds Smart Payment Buttons to your e-commerce site that allow users to buy your goods and services with one click, bypassing a tedious order process that involves long, complicated forms. Some of these are included in the accounts outlined above, like invoicing and eligibility for a PayPal debit card, but other features require an additional application process or development work. Additional PayPal business account merchant servicesĪ PayPal business account also includes a suite of services beyond payment processing. Unlike PayPal Payments Standard, this option comes with a monthly maintenance fee of $30.Ĭonnect your PayPal business account to Jotform to offer more payment methods on your online form. Customers never leave the business’s site when making a payment. This account also gives business owners complete control over their checkout pages, which makes it ideal for those who really want to take their e-commerce site to the next level. A step up from its standard counterpart, PayPal Payments Pro includes all of the perks that come with the basic account as well as the ability to accept payments via phone, fax, or virtual terminal. Customers are taken to PayPal’s site to complete payment and returned to the business’s site afterward. PayPal Payments Standard is ideal for business owners just getting started as well as those who are more than happy with a no-frills checkout option on their website or via their e-commerce platform provider. It also includes the standard PayPal business account benefits, like toll-free phone support and simplified PCI compliance functionality. This basic PayPal business account doesn’t charge a monthly maintenance fee and allows account holders to accept all of PayPal’s payment methods (except for payments made via phone, fax, or virtual terminal). Types of PayPal business accountsĪ PayPal business account comprises two overarching payments processing options for business owners: The PSP has expanded the services they offer over the years to include everything from a launch kit for newbies and shipping help for those that need to deliver products, to lending options for veterans looking to grow their career opportunities and even reporting for those that want to better understand where they’re succeeding and where they have room to improve. It integrates with hundreds of commerce platforms, including both specialty online marketplaces like eBay and Swappa as well as custom online stores like WooCommerce and Magento.Īnd for those on-the-go or brick-and-mortar vendors that still primarily accept payments in person, a PayPal business account offers PayPal Here, which provides business owners with a mobile app and an assortment of card readers.īeyond just solving the core operational problem of getting paid, however, a PayPal business account also helps business owners manage and scale their companies. Thanks to PayPal’s history - it was acquired by eBay in its early days - it’s also generally regarded as one of the most robust PSP solutions for e-commerce businesses. Private label cards, like department store cards, and procurement cards aren’t accepted.ĭebit cards that aren’t Visa or Mastercard and require a numeric password are also not accepted. The credit and debit cards PayPal business accounts accept Credit cards accepted by PayPal business accountsĭebit cards accepted by PayPal business accounts They don’t necessarily need to have a PayPal account themselves (they can do their shopping as a guest), and they can choose to pay via any of the following methods, both online or in person: It’s also super simple for your customers to check out and make purchases via a PayPal business account. Like competitors Square and Stripe, PayPal works by taking a small percentage of transactions made using their platform. A PayPal business account makes it fast and easy for businesses just getting started, as well as those that are more established, to accept and process credit card payments, debit card payments, and more in over 25 currencies and from over 200 countries. PayPal is one of the most well-known online payment service providers (PSPs) in the world.
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