Jun 02, 2016 03:22 PM
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(Updated Jun 05, 2016 04:02 PM)
The regular shopper thinks of PayPal as just a convenient and ubiquitous digital wallet, but business owners must consider its merits as a merchant services and payment solutions provider.
You can go here to compare the payment solutions in more detail.
Additional services offered by PayPal are: PayPal Here: This is PayPal’s mobile payments app. Check out our review here.
Payflow Payment Gateway: If you already have a merchant account but need a payment gateway, you can use PayPal’s stand-alone Payflow Gateway. The gateway supports nearly every major processor and a whole host of other applications including shopping carts, accounting & billing software, shipping & labeling software, etc.
Virtual Terminal: If you need to process mail/phone orders, then you can do so through PayPal’s virtual terminal. It’s$30/month on its own, or included for free in the Pro plan(which is also$30/month).
Online Invoicing: Consultants and contractors can use PayPal’s invoicing features to invoice their clients for the same rate as regular web transactions. Bill Me Later: This credit offering gives you the ability to offer no-interest financing to your customers.Recurring Billing: If you offer a subscription-based service, you can set up monthly payments for your customers.
Pre-auth: You can capture the funds on a customer’s card and charge them later. This is great for appointment-setting and other services that require reservations. 100% of the funds are guaranteed for only 3 days, but you can run a pre-auth up to 30 days in advance.
Digital Goods: If you’re in the business of selling digital goods or content, you can accept micropayments, subscription payments, and pay-as-you-go payments.