What is Paypal?
Paypal is essentially an electronic wallet through which users can pay for online products and services. They have to have money in their Paypal accounts in order to make a payment. In this respect it differs from normal credit card payments.
Costs for Paypal can be relatively high for smaller retailers. Competitive rates can be negotiated for larger retailers.
Whilst Paypal is a global reknowned brand and is used by over 7 million people it does have some quite basic limitations. For more details on this and advice on which payment platform to choose for your business please contact us.