A business transaction always ends up with order fulfillment and payment. While accepting payment is easy and routine for the brick and mortar businesses, it is not so easy for the online businesses, particularly the small and micro businesses. It is almost impossible to accept cash online, so the next solution is to accept credit card payment. However, in order to be able to accept online credit card payment, you need to sign up with a credit card service provider by paying a hefty fee, which is usually not cost effective for the smalltime merchants like you and me.
However, you do not have to worry about online payment solution nowadays. A number of online payment providers have evolved to help the small merchants and even individuals to accept payment online for a minimal fee. The most notable one being Paypal.
PayPal can be considered one of the best online business solutions providers because not only does it provide secured online payment system, it also provides a host of other tools such as shopping cart and donation tool, at no cost or for a nominal fee. Basically it is free to sign up for the PayPal account, just click this link www.paypal.com to do it. With PayPal online payment system, you can accept credit cards, debit cards, and bank account payments for low transaction fees. PayPal is affordable for small and medium businesses. Fees are applied only when you accept a payment if you don’t receive money, you don’t have to pay. The following are some of the features of PayPal merchant payment system:
- No monthly fees
- No setup fees
- No gateway fees
- Free eBay and web payment tools
- Antifraud systems at no extra cost
The transaction fees for domestic payments are listed below:
|Monthly Sales||Price Per Transaction|
|$0.00 USD – $3,000.00 USD||3.4% + $0.30 USD|
|$3,000.01 USD – $10,000.00 USD||2.9% + $0.30 USD|
|$10,000.01 USD – $100,000.00 USD||2.7% + $0.30 USD|
|> $100,000.00 USD||2.4% + $0.30 USD|
Want to build your online business with PayPal?
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