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DOES PAYPAL CHARGE A FEE FOR USING A CREDIT CARD HOW TO
DOES PAYPAL CHARGE A FEE FOR USING A CREDIT CARD PRO
DOES PAYPAL CHARGE A FEE FOR USING A CREDIT CARD FREE

The following photo illustrates the Paypal Checkout flow on my online store after a customer logs in.Īs you can see, the customer is just one click away from completing their purchase and no forms need to be filled out. They also have the option to store a cookie on their browser via Paypal One Touch so they never have to login to pay by Paypal again. If a customer has a Paypal account, all of their address information on file at Paypal is magically imported into your shopping cart. Just like Paypal Standard, the option to pay by credit card is not very prominent. When they click on the Paypal button, they are whisked off to Paypal’s website. Paypal Checkout allows you to import a customer’s information directly into your shopping cart so they don’t have to fill out any forms.Ī customer is presented with the option to pay by Paypal Checkout.

In fact, it is more or less identical to Paypal Standard except for one very important feature.

DOES PAYPAL CHARGE A FEE FOR USING A CREDIT CARD FREE

Paypal Checkout is also completely free of charge and allows a customer to pay by credit card and Paypal. Overall, I guarantee that you’ll shed many potential customers this way.Īs a result, Paypal Standard is not a good credit card solution for an ecommerce store. You have to click on the “Don’t have a PayPal account” button in order to be directed to a form where you can enter your credit card info.

DOES PAYPAL CHARGE A FEE FOR USING A CREDIT CARD HOW TO

As you can tell, it’s not obvious how to pay by credit card. The picture above shows what a customer sees when they checkout using Paypal Standard. Instead a customer is whisked away to Paypal’s site where they will be heavily influenced to create a Paypal account to pay for their goods.īecause a customer must leave your website, a high rate of customers will abandon their purchase altogether.Īnd to make things worse, Paypal does not make it obvious how to pay by credit card once you make it onto their site. However, there are 2 main disadvantages with Paypal Standard.įor one thing, Paypal Standard does not allow a customer to complete checkout on your website. Paypal standard is completely free of charge and allows you to accept both credit cards and Paypal with your online store. Therefore, I’m going to start by summarizing Paypal’s 4 offerings below. Unfortunately, it’s not very intuitive which one you should choose and what the advantages are for each.

Paypal Checkout – Free for all merchants.

Paypal Standard – Free for all merchants.

Right now, Paypal now offers 4 different choices to accept credit cards on your site.

DOES PAYPAL CHARGE A FEE FOR USING A CREDIT CARD PRO

The Difference Between Paypal Standard, Paypal Checkout, Paypal Advanced And Paypal Payments Pro

If You Process Less Than 10K/Month – The Cheapest Solution Is….

If You Process Between 10K And 50K/Month – The Cheapest Solution Is….

If You Process More Than 50K/Month – The Cheapest Solution Is….

The Difference Between Paypal Standard, Paypal Checkout, Paypal Advanced And Paypal Payments Pro.

If you are interested in starting an ecommerce business, I put together a comprehensive package of resources that will help you launch your own online store from complete scratch. Get My Free Mini Course On How To Start A Successful Ecommerce Store In addition, I’ll tell you what rates that I’ve been able to negotiate with each of these services and where the cut off points are. So today, I’m going to explain in plain language what sets these 3 payment processors apart from each other. To further muddy the waters, services like Paypal often have multiple options to choose from which all behave differently. In fact, you often have to negotiate the rates yourself. Once your store has some decent transaction volume, the transaction rates change dramatically and none of these rates are documented anywhere. In fact, if you look at the sales pages for all 3 services, they all read pretty much the same with the exception that Stripe doesn’t charge a monthly fee. And two, they all claim to provide a “robust integration with leading shopping cart providers” for all sized businesses. One, they all offer the same introductory rates with a transaction fee of 2.9% + $.30. If you are looking to accept credit cards for your online store, you are probably considering one of the big three, Paypal, and Stripe.īut the problem with choosing between these payment options is that all 3 services look similar on the surface.