Pay Pal Makes Online Payment Convenient

2008-09-29 10:50:37

( Web Hosting-SEO-Web Design )



Setting up a small online store, or auction store, is usually not complete without Pay Pal, the leading online payment service with millions of members worldwide. You receive online payments for the merchandise or services you offer without the need to pay advance for software that should be downloaded in your computer, or to make an application for a merchant account or an online payment processing.

Role of Pay Pal

Pay Pal, an escrow service, is actually acting as a middleman in a buy-and-sell transaction. When your buyers pay for the items or services that they purchase from your online store, Pay Pal debits their accounts and credits the amount into your account. Between these transactions, Pay Pal is charging you (as the merchant) for its service. The accounts involved in these transactions may include credit card, checking and funds held at the member's Pay Pal account.

What is good about having Pay Pal in your online store is that before it credits the amount that your customer pays to you through credit card, it undergoes a verification process which online retailers often neglect. If payment is through check, Pay Pal allows buyers to register their bank accounts which would still undergo a verification process.

Creating an Account

It is easy to set up a Pay Pal account, and it does not cost you any amount of money. You merely go to Pay Pal's website and sign up for a new business account. You enter your country of residence, and proceed by following the instructions stated on its forms. You shall receive an e-mail verification message that contains the link to the website. You simply click this link and provide your password. You will then be directed to the My Account page where you can proceed to create a link for your online store.


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