PayPal Payments Standard is ideal for business owners just getting started as well as those who are more than happy with a no-frills checkout option on their website or via their e-commerce platform provider. It also includes the standard PayPal business account benefits, like toll-free phone support and simplified PCI compliance functionality. This basic PayPal business account doesn’t charge a monthly maintenance fee and allows account holders to accept all of PayPal’s payment methods (except for payments made via phone, fax, or virtual terminal). Types of PayPal business accountsĪ PayPal business account comprises two overarching payments processing options for business owners: The PSP has expanded the services they offer over the years to include everything from a launch kit for newbies and shipping help for those that need to deliver products, to lending options for veterans looking to grow their career opportunities and even reporting for those that want to better understand where they’re succeeding and where they have room to improve. It integrates with hundreds of commerce platforms, including both specialty online marketplaces like eBay and Swappa as well as custom online stores like WooCommerce and Magento.Īnd for those on-the-go or brick-and-mortar vendors that still primarily accept payments in person, a PayPal business account offers PayPal Here, which provides business owners with a mobile app and an assortment of card readers.īeyond just solving the core operational problem of getting paid, however, a PayPal business account also helps business owners manage and scale their companies. Thanks to PayPal’s history - it was acquired by eBay in its early days - it’s also generally regarded as one of the most robust PSP solutions for e-commerce businesses. Private label cards, like department store cards, and procurement cards aren’t accepted.ĭebit cards that aren’t Visa or Mastercard and require a numeric password are also not accepted. The credit and debit cards PayPal business accounts accept Credit cards accepted by PayPal business accountsĭebit cards accepted by PayPal business accounts They don’t necessarily need to have a PayPal account themselves (they can do their shopping as a guest), and they can choose to pay via any of the following methods, both online or in person: It’s also super simple for your customers to check out and make purchases via a PayPal business account. Like competitors Square and Stripe, PayPal works by taking a small percentage of transactions made using their platform. A PayPal business account makes it fast and easy for businesses just getting started, as well as those that are more established, to accept and process credit card payments, debit card payments, and more in over 25 currencies and from over 200 countries. PayPal is one of the most well-known online payment service providers (PSPs) in the world.
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