Thanks to the Internet, you can create an online store and start making money online very quickly. For most people, it's PayPal that makes selling and buying items online so easy. For those who're shopping online, creating a PayPal account is like having an electronic wallet on the Web. Not only is PayPal secure, it keeps both buyers and sellers protected from mistakes and scams.
Because PayPal is so widely used and trusted, giving your customers the ability to use PayPal as a payment option in your online store helps you generate more income. When creating an online store with PayPal, you'll be able to accept and process major credit card payments for shoppers who want to use their Visa or MasterCard.
It's also nice that you'll be able to avoid the high fees associated with a traditional credit card merchant account.
Here are three tips for creating online stores that accept PayPal.
1. Create a Business or Merchant Account with PayPal. You can establish this account by going to PayPal and clicking Join PayPal. As you get started with a business account, you’ll be able to choose from a menu of payment solutions for your online store, provide PayPal information about you and your company, and other information they require. The merchant service through PayPal is free for online stores that accept PayPal, but they do take out a service charge after each transaction.
Note: PayPal also has what are called Personal Accounts, but they don't allow members to create an online store at the Personal Account level.
2. Next, you need a domain name and shopping cart website. The domain name is the Web address where people can find your online store and purchase your products. Once you have your Web address, you'll need to buy an actual site design. When creating an online store using PayPal, you want to get a Website hosting package (or design) that has shopping cart functionality.
Shopping carts sites don't actually process payments (this is why you need a PayPal account, to handle various money-related matters of selling from an online store). Shopping cart sites offer you to have a well-organized site layout where you can show plenty of photos of the merchandise you'll be selling.
They also allow your visitors to easily make multiple merchandise selections, which is essential for ringing up more sales in your online store!
Popular storefront providers include Shop Site, Pro Stores, QuickEStore, Shopify, Yahoo! Small Business, 3DCart, and Cube Stores. You’ll pay a monthly fee for the shopping cart service. Visit PayPals site for a list of all the shopping carts they support, some of which have discount deals.
3. Next, code your stores merchandise using PayPal. Log onto your PayPal account again. This time, your mission is to click the Add to Cart button, so you can add all of your merchandise to the PayPal payment processing system.
PayPal will give you an HTML code to go paste into your Website’s editor. You will do this by going to your site editor and pasting the different HTML codes underneath each respective product you're going to be selling. Now, this is easier if you've first uploaded your merchandise photos to your Web pages. After those images are uploading, just paste the PayPal Buy Now button code under each corresponding photo.
4. Now, you're in business! So you see, it's easy to create online stores that accept PayPal with just a couple clicks of your mouse. You really can have your store up and running in no time. By leveraging the power of PayPal, you will be seeing more online profits than you thought possible!
Below are some other areas about PayPal categories that may be of interest.
Best Practices Report