PayPal is an online payment service provider which makes sending and receiving money online easy and safe. The company is owned by eBay, the largest e-commerce marketplace in the world, who provides a gateway for other companies to accept payments on their websites. PayPal merchant account offers two main types of accounts for your business – standard accounts and merchant services.
FEATURES & FUNCTIONALITY
PayPal merchant account are a great way to accept payments online. PayPal merchant accounts allow you to accept payments from customers worldwide, and in your local currency. They also offer a wide range of features and functionalities that are not available with traditional merchant accounts.
If you’re looking for an easy way to accept payments on your website or ecommerce platform, then PayPal is the right choice for you!
PAYPAL MERCHANT SERVICES VS TRADITIONAL MERCHANT ACCOUNTS
PayPal is a payment services provider and a digital wallet. PayPal Merchant Services is a payment processing service that allows merchants to accept payments through PayPal. It offers its customers with access to PayPal’s payment gateway, which enables businesses to accept credit card, debit card and electronic check transactions.
It also offers traditional merchant accounts for businesses that do not want to use digital wallets or don’t have one yet but still want their own merchant account with no monthly fees or hidden charges involved in order to process the payments for their products/services online without having any issues related with fraud or security breaches like what happened at Target back in 2014 where hackers stole 40 million customer credit card numbers from its database using malware installed on its point-of-sale systems (POS).
Hopefully, this article has given you a better idea of what PayPal Merchant Services is and how it can benefit your business. If you want to learn more about this service, there are plenty of resources available online as well as from other merchants who have used it before. In addition, we encourage anyone interested in starting an e-commerce site or brick-and-mortar store with no upfront cost should contact us today!