Having your own ecommerce website can be very exciting. The first time you make a sale is a memorable moment for any business. With any such site, you need to offer as many payment methods as possible. One popular payment method that is used by both users and businesses alike, is PayPal.
PayPal is not entirely a payment processor and is not classified as a bank. Nevertheless, it is a quick and easy way to receive payments that you can then transfer to your bank account or make purchases directly from the account. Because it may require some extra steps for payment verification, some users will prefer to use a regular credit card method, so make sure you accept other methods besides PayPal.
On their website, PayPal provides helpful tools to create shopping carts and payment links. It also provides you with data to track the payments and other transactions. Keep in mind that PayPal will take a percentage of each payment, so setup your prices accordingly. PayPal has its positives and negatives, but regardless of the various opinions on it, one cannot deny that many users like making online purchases with it. For that reason, it is worth the time to set it up on your website.
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