Types and Requirements of PayPal Merchant Account


A PayPal merchant account is also known as a PayPal business account is an online payment receiver for businesses and companies. Processing online payments have become crucial and especially critical. One out of every two Americans pays their bills online nowadays. The great news is that the e-commerce business has changed the way of buying and selling products and services by people. It has also changed the way people conduct online business. And new solutions are making accepting and processing payments easier and smoother than ever before.

PayPal is one of the best and well-known online payment service providers all around the world. A PayPal business account makes everything easy and fast for every business to just get started, as well as the businesses which are already established, to accept debit and credit card payments in over 25 currencies and from 200 countries. Just like its competitors Square and Shopify, PayPal also works by deducting a small percentage of every transaction made using this platform.

It's also easy and simple for your customers to check out and purchase via PayPal Business Account. And your customer doesn't require to be a PayPal user for paying to your PayPal merchant account. Your customers can pay via methods such as:

  • Credit Cards
  • Debit Cards
  • PayPal
  • Venmo
  • Square
  • Shopify

Types of PayPal Business Accounts:

There are two payment processing options available for business owners.

PayPal Standard Payments

The basic plan of PayPal doesn't charge you a monthly fee and allows account holders to accept payments from every method. This standard plan also includes benefits such as toll-free phone support and simplified PCI functionality. PayPal Standard plan is best for those who are just starting their business and don’t know much about checkout pages.

PayPal Payments Pro

PayPal payment pro includes all the benefits which come with its basic account and along with this you can accept payments via phone, fax, and virtual terminal. This account gives complete control to owners over their checkout pages, which makes this an ideal choice for those who want to take their eCommerce business to the next level. You have to complete some PayPal merchant account requirements to get your account.

Requirements of PayPal Merchant Account

  • Your Email
  • Your Details
  • Your Business Information
  • And PayPal Verification of Bank Account 

Comments

Post a Comment

Popular posts from this blog

What to Look for in Ein Only Cards?

Image
Introduction Ein-only cards are the best option for people who want a secure card and aren't planning to travel outside of their area. They're also great if you don't have a credit history, or if your credit isn't good enough to qualify for an unsecured card. But that doesn't mean they're all created equal! There are plenty of options out there when it comes to choosing the right Ein-only credit card —and not all are created equal. Here's what you need to know before choosing one: High credit Limits When it comes to credit cards, it's all about the limit. The higher your credit limit, the more you can borrow and spend. The more you spend on a card, the more rewards and cash back you'll earn. And if something goes wrong with your account (or with another person's), having access to higher limits means that there won't be as much damage done by their actions--or inaction. So what does this mean? It means that if you have an Ein-only card with a
Read more

A Comprehensive Guide to Network Merchant Inc.

Image
 Introduction Network Merchant, Inc. is a full service merchant processing company focusing on the needs of small to medium size businesses. Network Merchant, Inc. offers its clients a comprehensive package of services that include merchant processing, credit card reader equipment, point of sale (POS) software packages and even accounting software. Network Merchant is a privately held company founded in 1994 by president and CEO Dave Lottridge who wanted to create an agency that would offer merchants quality service with a personal touch. The company is headquartered in Boalsburg Pennsylvania with offices located throughout the United States and Canada. Network Merchant Inc has been in business since 1995 and has delivered unparalleled customer service since they first opened their doors. Their goals are to provide their clients with the latest technology available while maintaining the highest levels of customer service possible." Network Merchant, Inc. is a full service merchant
Read more

How to set up a PayPal Account

Image
  Introduction PayPal is a secure way to make and receive payments online, offering you the safety of an SSL connection and the convenience of paying by credit card. This guide will show you how to set up your PayPal account and start receiving payments from customers. Enter your name and email address then click "Sign up." Enter your name and email address. Click "Sign up." Enter your personal details including your address, phone number and credit card information. Once you've clicked on the "Create account" button, you'll be asked to enter some personal details. This is the most important part of the process and it's important that you complete this step correctly. You can choose to use your existing account or create a new one--if you use your existing account, however, it must have a valid address and phone number so PayPal can verify that it's real. Choose a password that you will remember easily. Choose a passwor
Read more