PayPal has been working with individuals and businesses to provide a fast and safe way to be paid online since 1998. Since then, the company has been working hard to offer services and features that make using money online easier. Find out how to use PayPal to make your business better with just a few of their features.
PayPal Business Accounts
To take advantage of all of the PayPal Business features, you’ll need to set up your PayPal account. After that, discovering how to use PayPal for your business is easy. Log in and start checking out all of the features that the site has to offer. With no set up fees, instant access to your money and so many helpful features, great service comes standard.
Here are the ways Paypal can help your small business:
1. A Safe and Secure Payment Option
Those who are making purchases online want to know that their personal information is safe. Using PayPal, a trusted and verified website, means that credit card numbers and other personal information won’t have to be entered onto another website. Customers can feel safe, knowing that their transaction is being made through a site they know and trust. PayPal adds another layer of protection for both you and your customers. Purchase protection ensures that the customer will receive what they pay for. Seller protection means that you, as a business, won’t lose money if someone tries to set up a scam against you.
2. Check Out with PayPal Button
When you have a PayPal account for your business, you can start accepting payments for the goods or services that your business offers. Use the express checkout option to give customers the option to pay using their PayPal account.
To make PayPal a payment option, just go to your account and find the link marked ‘create button’. You’ll be directed to a form where you’ll fill out information about the product you’re selling. Fill in the product’s name and ID, enter a set price or insert a drop down menu for multiple prices, and enter tax and shipping fees if you want. Submit the information to get a custom PayPal payment button for your website. Insert the HTML code to your website editor to put the button on your site. When customers visit your website, they’ll have the option to click the button and pay for their purchases using their own PayPal account.
3. Bill Me Later for Larger Purchases
For larger purchases, over $99, give your customers the option of financing the purchase without interest for 6 months. You’ll be paid the full amount, but customers will make easy payments. It’s how to use PayPal in a way that’s convenient for both you and your customers. Customers can make larger purchases and you’ll have the security of knowing you’ll be paid. When you choose to use the bill me later option with PayPal, add a ready-made banner to your website to let customers know that you’re offering the service.
4. Take Payments Anywhere with a Mobile Card Reader
Paypay is on its way to rule the mobile payment industry. Indeed, another great option available with PayPal for businesses is the mobile card reader.
The reader can be placed on any iPhone, iPad, or Android device. Once attached, the reader can be used to read any credit or debit card. The card immediately processes the request and completes the transaction. The mobile card reader allows you to take your business with you wherever you go. Sell your handmade jewelry on your website then use your mobile card reader to take payments for sales made at a local craft show. PayPal gives your business the versatility of being anywhere, online or off.
5. Get funded with PayPal Working Capital
PayPal continues to take on new frontier, this time by launching a lending platform called PayPal Working Capital. Small business owners can now apply for an access to capital easily – and quickly. Applications are processed in minutes. The solution is quite unique: Instead of paying for interests, with the funding tool you can pay back your loan on a fixed percentage of sale. Plus, unlike many other loan products which charge you with multiple hidden fees, PayPal’s lending platform lets you pay a single fixed fee for the loan.