PayPal Holdings, Inc. is an American company operating an online payments system in majority of countries that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.
The company operates as a payment processor for online vendors, auction sites, and many other commercial users. It charges a fee in exchange for benefits such as one-click transactions and password memory.
Basic Information Of Paypal
|Fees||2.9% + $0.30 Inside US/4.4% + $0.30 Outside US|
|Monthly Account Fee||Free|
|Payment Option||Instant Payment,|
Accepted Credit Cards and Debit Cards,
ACH Payments, and eCheck Processing
|Account Available||Individual Account , Business Account|
|Account Security||Two-Factor Authentication , Full SSL Supported Transfer|
|Support||Live Chat Option & Ticket System Support Available|
|Company Office||2211 North First StreetSan Jose, California 95131|
|Official Website||Click Here To Visit Paypal|
Paypal Account Types & Its Features
1- Personal Account
An account for personal use is ideal if you shop online. You can:
- Shop on eBay and merchant websites using your credit card, debit card or bank account
- Send and receive money from friends and family
- Accept debit card, credit card and bank account payments for a low fee when you sell on eBay and/or on your own website
2- Business Account
Make the right choice for your online business. With a Business account you can:
- Accept debit card, credit card and bank account payments for a low fee
- Operate in your company or business name
- Manage Users, allowing you to give separate access rights to each of your employees
- Consult the Business Setup guide
How to set up a PayPal account
- Visit PayPal’s website and click the Sign Up button in the top-right corner.
- Select the account type you want — Personal or Business — and click Continue.
- Add in your name, email address, and password, and then click Continue.
- Add in your address and other required info, and then click Continue.
- Optional: Click the blue Get started button, add in your credit card info, and click Add card.
- Verify your email address by clicking the link in the email sent to you by PayPal.
- That It
Several plans and services are offered through PayPal. Although it can see a little confusing, the list below should help guide you through the selection process.
- Express Checkout – A simple addon for companies that accept regular credit cards another way.
- Payments Standard – This one is a basic payment processing plan, which works for companies that aren’t currently accepting credit card payments. It gives you the functionality to do so.
- Payments Pro – Pro provides a hosted checkout on your own website.
- PayPal Here – This is the mobile app for collecting payments on the go.
- Virtual Terminal – The terminal is for collecting mail and phone orders, and it costs $30 per month.
- Digital Goods – For setting up things like recurring payments.
- Bill Me Later – Unique to PayPal, this feature offers no interest financing to customers.
- Online invoicing – Freelancers and contractors can send out quick invoices for the services they perform.
Types of PayPal Fees
PayPal doesn’t charge a fee for purchases. Other fees vary based on the type of service. For instance, personal consumers aren’t charged for standard transfers done from a linked bank account, but there is a fee of 1% of the transferred balance or a maximum of $10 for instant transfers.
PayPal charges users a fee for instant transfers.
Money can be transferred for free internationally if both parties have PayPal accounts. This makes Company a competitive force in the world of bank transfers when sending U.S. currency internationally. When foreign currency is accepted into another country, PayPal’s fees become more comparable to that of a traditional bank.
PayPal’s website advertises a 2.9% + a 30 cent transaction fee, which works out to $3.20 for a $100 transaction. This sounds simple until you dig deeper and find all the different packages and services available to merchants. PayPal’s fee structure for merchant transactions is different from its personal account transfers. PayPal charges between 2.7% and 3.2% plus a flat rate of 30 cents on a transfer of $100 in standard fees for merchants selling goods and services online, including eBay sellers and private businesses that use PayPal as a payment option.
Customer Service and Technical Support
PayPal’s customer service options are extensive to say the least – you have 24/7 email, phone and app contact. Then you have the extensive community forum and knowledge base to help steer you in the right direction. And finally, you have its heavy presence on social media to tap into if that’s your preferred choice.