PayPal has become one of the most used and well-known online companies because it makes all kind of money transactions easy online. When starting an online business, PayPal is the company to use if you want to be paid or pay someone else for helping you get setup.
It is extremely helpful to understand how PayPal works when starting your online business. People use it to pay for goods online or to send money to people for all kinds of reasons. It allows money transfers to and from your bank account without worrying about security.
PayPal gives your online business the ability to give your customers an easy and effective way to purchase your product with Buy Now buttons or using a PayPal Shopping Cart. This will widen your customer audience by catering to people who don't wish to provide their credit card or bank account numbers for online purchases. But you can also pay for items using a credit card from a paypal order page.
When designing your website, you want it to be easy for your customer to see that you use PayPal. You can either put the different available buttons on your front web page or give customers the option of using it at checkout. The PayPal buttons you choose to put on your web page are free to add.
There is a fee for each transaction PayPal handles for you with your customers. PayPal takes out .30 cents for each transaction that's made using their button, plus 2.9% of the selling price. If you don't make any sales, you don't owe PayPal any money.
PayPal also gives you the options of enrolling your company in their database, making it easier for their users to find your company. It does not cost any money but there are several requirements in order to use the service. In order to enroll, you need to have a Premier or Business PayPal account. Determining how PayPal works helps your online business function and profit because so many people are using the company for their online money needs.
Below are some other areas about PayPal categories that may be of interest.
Best Practices Report