PayPal and SBI
PayPal Set up fee -- None!
Charge per transaction -- The standard rate is 2.9% + $0.30 per payment. Other fees include "cross-border" fees for payments received from clients outside the USA.
PayPal Monthly fee -- None!
Do you have a great product that you want to sell from your SBI! site? Or perhaps something you want to "test" for market demand?
Follow Jim Nelson's lead. Not so long ago, he added a PayPal Shopping Cart to his SBI! site, Click Here to see Jim's site , in order to sell his unique juggling balls (designed by his mom!). He now offers 70 different juggling related items, and more on the way, using PayPal Shopping Cart and Yahoo! Store.
What are the Benefits of PayPal?
PayPal makes buying and selling products, services or even sending money as easy as sending email and they are completely compatible with SBI and very easy to integrate.
PayPal is now owned by eBay - so security, service and reliability is excellent and improving each year.
The cost is extremely LOW and nor risk as they charge on a percentage per transaction basis.
How does PayPal work?
You can use your credit card directly to make payments. PayPal is then simply the credit card processor. This is a relatively new and important feature as of 2004.
Alternatively you can complete the easy sign up for your PayPal account. Then you can send money to anyone with an email address and PayPal will deduct the money from your PayPal balance, or charge your credit card or bank account. Recipients are notified by email that they have received a payment.
"Overall - PayPal is an excellent system for both merchants and consumers. For auctions, it's a perfect solution. Small businesses should definitely investigate PayPal before spending the time and money to get their own merchant accounts, shopping cart, etc.
Pros - Easy to create a payment; easy to receive a payment. No fees for consumers. Much less expensive for merchants than having a credit card merchant account, and the money is instantly available.
Why should I use PayPal?
PayPal is easier and far less time-consuming than writing and mailing paper checks. And unlike checks, which can take days to clear, PayPal transactions clear instantly. Each transactions shows up immediately online so you can reconcile and manage cash flow much more easily.
Go check out how PayPal can help you.