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PayPal is one of the largest online payment networks in the world. You can easily add it to your suite of payment options, opening your doors to a network of over 71 million accounts in over 45 countries, growing by tens of thousands a day. These proven active shoppers transacted $6.2 billion USD through PayPal in Q1, 2005. And with PayPal, you can accept credit cards from anyone, even from those without a PayPal account. With PayPal, you can get incremental sales, cut costs, and improve your security.
There are no setup fees or gateway fees and you can get a rate as low as 1.9% + $0.30 USD per transaction. And, PayPal can be less expensive than credit cards accepted through a traditional merchant account.
With commitment to fraud prevention and risk management, PayPal has one of the lowest loss rates in the online retail industry. They actively fight all chargebacks. In addition, PayPal protects the privacy of your data and your customers' data.
When setting up your PayPal account do go through the required steps to become ‘business verified’ to show your customers that PayPal has researched you and that your account with them is connected to your bank account
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