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

How do you reactivate your PayPal account

Image
Introduction PayPal is a popular payment processor on the internet, but opening an account and using it can be a bit confusing. If you have a PayPal account that you haven't used in a while, or if you don't remember your password for an existing account, there are some steps that can help get you back in touch with it. Sign in to your PayPal account. Sign in to your PayPal account. Click on the Profile link at the top right of any page on PayPal, then click on "Account activity" under "Profile." Select "Reactivate Account" from the drop-down menu and enter your email address associated with your PayPal account. You will receive an email confirming that you have reactivated your account If you have an existing PayPal account and have been inactive for a while, you will need to reactivate your account. If you have an existing PayPal account and have been inactive for a while, you will need to reactivate your account. If you don't use your account...
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

Is Stripe a good merchant account?

Image
  Introduction Stripe is a payment processing service that makes accepting payments simple and affordable. Stripe has become the payment processing platform of choice for many eCommerce sites, thanks to its ease of use and powerful features. If you're looking to accept payments online with Stripe, here's what you need to know: Stripe is a top-rated payment processing service with a number of features that make it attractive to merchants. Stripe is a top-rated payment processing service with a number of features that make it attractive to merchants. Stripe has a 4.8 star rating on TrustPilot, and it's been rated one of the best places to work by Glassdoor. G2Crowd gave Stripe an overall score of 4.5 stars out of 5, praising its easy setup process and excellent customer support team. Capterra gave Stripe a score of 5 stars out of 6 for ease of use, security measures, pricing structure (which varies depending on volume), and features available at different price points (from f...
Read more