Paypal

In: Business and Management

Submitted By sidhu2121
Words 552
Pages 3
Small Business > Managing Employees > Work Schedules
How Does PayPal Work for Sellers? by Lori Soard, Demand Media Electronic payments are convenient for customers.
Electronic payments are convenient for customers.

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Online sellers who are looking for a reliable solution to accept payments online will likely look at PayPal as a viable option. PayPal allows your customers to pay with a credit card, e-check or their PayPal balance. As of time of publication, fees for businesses receiving under $5,000 per month were 3.4 percent of the transaction plus 50 cents. Since most point-of-purchase credit card machines charge similar rates plus monthly fees, using Paypal can save your small business money.

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Set-Up
The first step is to sign up for a free PayPal account. Unless you are selling high-ticket items or expect more than $5,000 a month in sales at first, it is probably best to start with a personal account. You can switch to a merchant account at any time.

HTML Code
Once your account is set up and confirmed with your business banking account, sign in and click on the Merchant Services tab. You have several choices in how to present the products on your website. You can choose a Buy Now button which takes the buyer directly to PayPal to pay for the item. You can also choose an Add to Cart button that will allow the buyer to add multiple items before checking out through PayPal. Choose the option you want, input the cost of the item and details and get the HTML code to place on your web page.

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