Paypal: Internet Payments Made Easy
When you want to make or accept payment online, the first and the most secured option that comes to mind is Paypal. It is an American-based global e-commerce company allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders. Paypal helps to send payments securely online using a credit card or bank account.
-
PayPal Payment is traceable. You can track the status of your payment or your PayPal account.
-
Payment is convenient and immediate. You pay right from the listing page and your payment is deposited directly into the seller’s account.
-
You don’t have to use a credit card. You can transfer money directly from your bank account.
-
If you use a credit card, sellers don’t see your card number. It’s safely encrypted through PayPal’s server to help minimize any risk of unauthorized use.
-
On eligible transactions you’re covered by PayPal Buyer Protection for up to the full purchase price of your item, plus original shipping charges.
If you run into trouble with a transaction, it is best to try contacting and communicating directly with your seller before you does anything else. When you use PayPal to pay for items you buy, you can also turn to the PayPal Buyer Protection and PayPal Resolution Center for help.
PayPal Buyer Protection
If you don’t receive your item, or the item is significantly different from its description in the seller’s listing, PayPal Buyer Protection covers eligible transactions for up to the full purchase price plus original shipping charges. Some purchases are not eligible for this program, including vehicles in the Motors category, capital equipment in the Business & Industrial category, and Real Estate.
PayPal Resolution Center
If you paid for your item with PayPal but didn’t receive your item or if the item is significantly different from its description in the seller’s listing. You can open a case in the PayPal Resolution Center. This is the first step in filing a claim for coverage under PayPal’s Buyer Protection program.
PayPal PayFlow
PayPal offers an interesting payment gateway that is almost like many traditional gateways. Indeed, the pricing on PayFlow is much like what you would find with traditional payment gateways:
- Setup fee: Between $179 and $249.
- Monthly fee: Between $19.95 and 59.95
- Transaction fee: 10 cents
Indeed, the pricing is so similar to other payment gateways that the only real savings comes with the transaction fee, which is always a flat fee, without a percentage of the sale. However, unlike many payment gateways, PayFlow does offer a virtual terminal included in the price for orders taken by mail, fax or phone.
PayPal Express
Express Checkout allows your customers to complete transactions in very few steps. It lets them use shipping and billing information stored securely at PayPal to check out, so they don’t have to re-enter it on your site.
How it works.
- After selecting products to purchase, your customers click Checkout with PayPal on your website.
- They are transferred to PayPal – where they select their payment method, as well as the correct shipping and billing address , then are returned to your website to complete their purchases.
- PayPal automatically gives you the shipping address, email, and other customer information needed to fulfill your order.
With Express Checkout, your buyers finish their orders on your website, not PayPal’s, so you can:
- Get real-time notification of successful payments
- Automate your internal business processes.
- Ensure buyers make it to your final confirmation page
- Be notified that the buyer’s address is confirmed, and ensure you’re eligible for coverage under PayPal’s Seller Protection Policy.
PayPal Direct payment:
Direct Payment offers direct credit card payment processing capability through PayPal. For credit card transactions, customers stay on your website as PayPal processes the payment in the background.
By integrating Direct Payment with Express Checkout, as part of the Website Payments Pro solution, you can accept all major payment types, including PayPal, while working with a single provider that processes and manages all your online payments.
Direct Payment is:
Customizable
- Direct Payment lets you design and host your own checkout pages
- You keep your customers on your site instead of having them pay on PayPal; PayPal remains invisible
- PayPal authorizes transactions in a real-time process
Easy to implement
- Direct Payment is already integrated with many leading shopping carts
- The built is using the Name-Value Pair infrastructure, an industry standard that utilizes web services
- PayPal’s SDK toolkit lets you easily integrate the PayPal into your website
Secure
- Transactions are sent over the internet using Secure Socket Layer (SSL)
- Direct Payment lets you flag potentially fraudulent transactions, and provides you with industry-standard AVS and CVV2 responses for each transaction
- You use the certificate, provided by PayPal, to make calls to a secure connection.
Benefits:
| Fast Payments are made immediately, quicker than sending checks or money orders. |
-
It is Private-PayPal does not reveal your financial information to sellers.
-
It is Global-PayPal is accepted worldwide, and can be used to make payments locally or internationally.
-
It is Easy-Send money to anyone in just a few clicks.
-
It is Trusted-Industry-leading fraud prevention keeps you safe and secure.
-
It is Cost-Effective-It is free to send money, and PayPal payfolw is affordable for businesses of all sizes.
