When it comes to online payment service, you would hear paypal at least on time. The features it possesses and service it offers, often make their users think as if it is a mini bank.
From 1998 it dominated the online payment system all over the world. Especially in the UK and US paypal has great reach to individuals purposes and business purposes.
There are over 203 million active users around the world and there have been over 1.7 billion payment transactions with over 16 million merchant accounts.
Overall 768,745 websites worldwide use PayPal, over 135+ countries and 200+ markets, paypal used. The numbers are huge, aren’t? This is what builds trust among people.
Why is paypal a superior choice for your eCommerce business?
There are plenty of benefits to using paypal for your ecommerce business.
Global expansion: With verified paypal accounts you can withdraw funds in 56 different currencies, can hold balances with 25 different currencies, users can receive money in 100 different currencies and it is available in 200+ countries.
Low cost: Users aren’t required to pay any annual subscription fee to have a paypal account. There are low fees throughout our process.
You can have a verified paypal account and run your eCommerce business with absolutely low cost and expense.
Mobile friendly: As being an established payment service system, paypal has covered everything from mobile, tablets, systems. You can have an old UK paypal account or old US paypal account to receive payments from your customers through mobile applications.
When users select a payment method for the first time in their paypal account, it is smart enough to remember that and when doing next payments the process becomes even more simple, that it can be done with just two clicks.
Trust and credibility: The brand value of paypal has 224 million users across the world and has ability to operate with any currency.
Usually startups or new companies have a struggle to gain trust from the customers to make them transactions, but with paypal buyers do not show any hesitation to pay. As if anything goes wrong users can get their money back.
So even if you are a new eCommerce seller in the US and UK, customers will have trust to pay on your store.
Multiple card acceptance: No matter whether it is debit card or credit card, it covers a whole range of cards to support with it’s platform. Buy aged US paypal account and buy aged UK paypal account to start accepting cards in your business accounts like,
Credit cards: Visa, master card, american express, discover, JCB, Diner’s club.
Debit cards: Visa, master cards and all reputed banks cards.
Easy integration: Paypal business accounts can easily sync with many online shopping solutions and carts. It has a simple dashboard and console which makes integration part easier.
Paypal checkouts: It is a setup especially for eCommerce stores. With the paypal checkout option you can reduce the bounce rate greatly. After a long search of products, users might want to payout quickly as possible.
If you buy a verified paypal business account, add a paypal checkout button on your eCommerce store, with that your customer can pay in just one click.
Business loan: If you have a 9 months old business with a certain income range you can have a business loan from paypal. For new business, cash flow will be a primary problem as it runs out of money at some point.
So with your verified business paypal account you can avail some loan for your business purpose.
Marketing solution: Shipping details, sales history, invoice, bills, detailed business reports can have with standard paypal accounts and paypal account pro.
Paypal gives snippets of code to add in your website which will give you detailed insights on how often customers are shopping, what they experienced with the checkout option, how much they are spending, with this information you can certainly improve your business reach.
Requirements of paypal business account:
When compared to the features that verified business paypal accounts give, relatively the requirements are less.
You required a bank account for your business to set up with a paypal account to direct deposits and payment activities.
You need a business name which will be printed in your invoice, Other than that you require an email address, phone number.
During setup you are required to give information about your business, like
type of business, products, monthly sales information and employer identification number.
Types of paypal business accounts:
Business owners can opt from two options depending on the requirements they have.
Paypal standard: As you sign up with paypal, you will by default have a standard account. The standard paypal doesn’t require you to pay any monthly subscription. Except phone, fax and virtual terminal methods you can have all other payment methods.
Websites and eCommerce stores can have benefits with this account. It will bring customers to paypal and bring back to your store once payment completes.
Paypal pro: It is the next step to the standard account with a monthly fee. You can have all the payment methods with your paypal payment pro account.
Unlike a standard account, customers will not leave your eCommerce site to complete payment. Everything happens inside your store.
Where to buy a verified paypal account?
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