This is my experience using Paypal service merchant account. I want to share with you who has a business online and want to reach more potential customers 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 to 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 the potential buyer. That’s why we need a merchant account.
Offshore credit card merchant account
An offshore merchant account is a 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 a 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 that accepting credit card?
I am. You are and everyone who wants to expand your online business, anyone who doesn’t want to lose potential customers and double its profit. Anyone who has an online store in woocommerce, shopify, bigcommerce, wix, etc
Since I have this merchant account accepting credit card, my customers never leave the 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.. be careful 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’. On the next page, you can see many options that suit 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 cards? Well, I said yes. By using Paypal, you can pay with a credit card. But many of them don’t understand how paypal works in online shopping. They only know, “I have a credit card, I put the card number on the website, and done”. Most of them are old people who need to update their information.
But hey, it’s okay. By using a merchant account accepting credit cards, I can expand my business through pinterest buy button (pinterest sales channel), wanelo, twitter shopping, etc.
So far this experience using merchant accounts is good and I love it. I hope you can try it too someday.
In October 2017 I sign up for a 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 learning about billmelater com from PayPal. It is also useful for buyers who love shopping online but wants to pay only once at 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 the USA. If I went shopping online such as buy hosting and domain, I like to pay full using my Paypal balance.