This is my experience using Paypal service merchant account. I want to share with you who has business online and want to reach more potential customer and double or triple your sales. Did you know merchant account accepting credit card?
I am using woo commerce for my online store. I can only receive payment from customer using Paypal. My customers need open a Paypal account if they want to purchase from my store. It’s easy to open Paypal account, you only need a credit card.
But what if someday my returning customers want to re-purchase and pay with credit card instead of Paypal? Although setting up n PayPal account is a simple process, some of my customers were not comfortable doing so.
I don’t have credit card processor in my store? Customer is a king, and I can’t give best service to my king. My customers will upset and I lost potential buyer. That’s why we need merchant account.
Offshore credit card merchant account
An offshore merchant account is the way to increase e-commerce and making it possible for buyers to make easy online payments through credit cards. In this age of technology where buyers and sellers all prefer online shopping, offshore merchant accounts are necessary.
Your online store or your website that offer credit card payment attract more customers than the ones that do not offer credit card payment option.
What is Paypal Merchant Account
If we want to accept credit cards, we need a merchant account. A merchant account is the license that allows your business to process a range of major credit cards. This internet merchant account requirements aren’t strict as compared to the US banks.
Who need this merchant account accepting credit card?
I am. You are and everyone who want to expand your online business, anyone who don’t want to lose potential customers and double its profit. Anyone who has online store in woocommerce, shopify, bigcommerce, wix, etc
Since I have this merchant account accepting credit card, my customers never leave website when they are making a purchase and when they get their credit card bill, the name of my company will show up on the bill. With regular PayPal, the customer is sent to the PayPal website when they make a purchase and the transaction.
Paypal internet merchant account fee
These fees apply when you sell goods or services online.
If you’re selling goods or services and the sale through an online transaction In the U.S. then a fee of 2.9% of the transaction amount plus a fixed fee based on the currency.
If you’re selling goods or services and the sale through an online transaction In the U.S. outside the U.S. then a fee of 4.4% of the transaction amount plus a fixed fee based on the currency.
But hey.. becareful about the chargeback fee. Make sure you read all the merchant account credit card fees.
Where to apply paypal merchant account free
Go to https://www.paypal.com/us/webapps/mpp/merchant and click the blue button ‘get started’. In the next page, you can see many options that suits your business. I choose Payments Pro. It cost USD $30 per months but I can get many benefits than Payments Standard or Express Checkout. I can provide customers with a fully customized checkout experience right on my site and also includes Virtual Terminal to allow me to accept payments over the phone
How to create paypal merchant account accepting credit card
You can create an account in a few minutes. You’ll need your email address, business address and a few other bits of information. Activate all the payment features you want using a partner, developer, or by yourself. After all finished and you’ve been approved, you can start collecting payments via PayPal, credit and debit cards. Yeay! No more lost customers.
Wha I like using Merchant Account to Accept Credit Card
Since 2011, I only use paypal. I got so many questions from my customers. Do you accept credit card? Well, I said yes. By using Paypal, you can pay with credit card. But many of them don’t understand how paypal works in online shopping. They only know, “I have credit card, I put the card number on website, and done”. Most of them is old people who need to update their information.
But hey, it’s okay. By using merchant account accepting credit card, I can expand my business through pinterest buy button (pinterest sales channel), wanelo, twitter shopping, etc.
So far this experience using merhant account is good and I love it. Hope you can try it too someday.
In October 2017 I sign up for merchant account and here is my sales report woocommerce, before and after sign up internet merchant account from paypal.
billmelater.com is now PayPal Credit
Have you heard about Paypal Bill Me Later? Yes, I saw it everywhere especially in ebay.
This will allow you to pay your PayPal Credit bill online, access your PayPal Credit statements electronically and schedule automatic payments.
Consider to learn about billmelater com from PayPal. It also useful for buyer who love to shopping online but want to pay only once in the end of the month, not each time shopping. I don’t use Paypal billmelayer because I don’t need it and I don’t live in USA. If I went shopping online such as buy hosting and domain, I like to pay full using my Paypal balance.
PS: Paypal don’t pay me to write this article or blog post. I wrote this because I want to share with my readers. Hope this experience helps many people.