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Should I have a PayPal Merchant account?

PayPal is a prominent online transaction service company. You must be wondering whether should open a PayPal Business Account for your company or not. Having a PayPal business account lets you take advantage of various features not available with a PayPal personal account. PayPal Doesn’t charge any set-up charges for a PayPal business account. However, there are fees for many of the business account features.

Accepting payments through PayPal

By PayPal, your business accepts payments for goods and services. With the help of a PayPal business account, any business can accept online payment via PayPal, as well as in your store or business office, through a mobile card reader, and by phone. People who are shopping online, prefer to pay using PayPal.

PayPal processes all the payments made with major credit and debit cards. Apart from there are no monthly fees, setup fees, or cancellation fees needed. There are no minimum processing requirements. You will be able to accept credit card payments by using a merchant account even if you don’t accept PayPal itself as a payment option for your customers. You can have a checkout button on your website for PayPal online payment.

Here are some fees for processing business transactions through PayPal:

  • For online transactions, PayPal charges 2.9% of the transaction amount. Apart from that there is another flat fee of 30 cents if the funds come from within the United States.
  • If the funds come from other countries, this fee goes up to 4.4%, plus a flat fee that varies based on the currency used.
  • For any transactions at your store, 2.7% charges are there for funds from the U.S., and 4.2% for funds from another country, plus the flat fee. There are some additional fees charged for accepting payments in other currencies.

What kind of payments PayPal Merchant Account can accept through PayPal?

You can use a PayPal merchant account to accept payments online, get payment in person, or charge customers using online invoices.

Getting paid online

If you are selling the products/services through your website, you can add a PayPal payment button to allow customers to pay directly with PayPal without having them leave your site. It will improve conversion as it makes it easier than ever for customers to buy from you. Merchants can either copy and paste the code they need to get their own simple PayPal button or work with a developer to add something more custom-made.

Getting paid in person

While making online payments work for digital services, businesses need a different solution if you sell in person to your customers. With PayPal, you can get the payment using your smartphone and a card reader, it can accept magstripe cards and contactless or chip-and-pin payments.

As a business owner, you don’t usually need to pay upfront for the card reader or service. Instead, there’s a fee per transaction that you pay to PayPal.

Business invoices with PayPal

Anyone can also use PayPal to create invoices. This is useful if you’re a freelance worker and need to send a professional invoice to a client — and make it as simple as possible to pay. You’ll be able to make your invoices impactful with your branding, track payments online, and set up recurring invoices for regular work.

Business Account

You can create a PayPal Business account for merchants or business owners who need to accept payments online for goods or services. It’s best for small businesses and larger enterprises. PayPal Business Account lets multiple users access the account (up to 200 employees), provides customized invoicing, and offers business-related tools, resources, and products.


With a PayPal Business account, businesses can offer their customers an array of payment methods by processing all major credit and debit cards. Interestingly, customers don’t even need to have a PayPal account to pay. Moreover, businesses can use PayPal’s financial services and apply for loans, credit cards, and debit cards. 

The integration of an online store with a PayPal Merchant account is straightforward, and businesses can also link to other important tools like accounting, inventory management, and marketing automation software. With PayPal, it’s easy to ensure smooth operations both pre-and post-sale by tracking sales, understanding customer behavior, managing risks, simplifying shipping, and more.  

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