PayPal is an e-commerce service that enables individuals and companies to pay, send money, and accept payments without revealing their financial details. Its secure payment technology enables vendors to accept credit cards, debit cards, and PayPal payments for a percentage transaction fee. Vendors can accept payments on their website without a merchant account, on the go, in-app, in-store, or send an invoice to customers via email.
Fully scalable, PayPal Payments Standard and Payments Pro can also build custom, professional, and secure e-commerce websites for online retailers of all sizes.
PayPal One Touch streamlines the purchase process by enabling customers to checkout with PayPal in a single touch, without re-entering their login information each time. PayPal Working Capital business loans offer companies the opportunity to grow, while PayPal Credit allows customers the flexibility to pay in installments, over time.
PayPal uses the latest anti-fraud and data encryption technology to protect your information and keep it secure, reducing the risk of online fraud. With the PayPal Here app – available on iOS, Android, and Windows devices – you can accept payment of all forms, at the point of sale, on your tablet.
For payments, customers can register their credit or debit card with their PayPal account, choose PayPal at checkout, then simply log in and confirm their payment. PayPal completes the process for them.
PayPal’s One Touch feature means that after their first log in, customers don’t need to re-enter their password, shipping details, or payment information. This speeds up the purchase process and helps to increase conversion rates.
You can create and send customizable, logo-personalized invoices using PayPal’s free templates. PayPal has pre-built integrations with POS (Point of Sale) solution providers for all vendor types and size. If your eligible purchase doesn’t show up, or turns out to be different than described, PayPal will help sort things out with the seller. At the same time, PayPal doesn’t share your financial details with sellers, so you can shop with confidence. Plus, every transaction is guarded with advanced encryption.
The reason why PayPal is so popular worldwide is that it allows users to send payments to overseas sellers with an email address in an instant, a time consuming process with a normal merchant service. As you can guess, it saves you the hassle of having to ask for or remember their bank details. The best part is that you get to buy and sell using your mobile device, on any merchant site or mobile app you can think of. Simply log in with your PayPal credentials, and you can execute the operation in few seconds.