Paypal Business Account (Merchant Account)… 
These guys need no introduction. Arguably the most recognisable and most known payment gateway, Paypal have mainly built their reputation through the relationship they have with Ebay. Away from this, they are also known for an equally reliable and secure service offering for Merchants across the globe looking to process online payments. We certainly recommend Paypal for business.
A Paypal business account is one of the easiest merchant accounts to work with and very easy to integrate into your website and or business. The Paypal business fees are very competitive; for instance one of the major benefits for you is that you aren’t required to pay anything until you receive your first payment.
With low rates and no monthly Paypal business fees, they can help reduce your TOTAL processing costs. You can also avoid hidden charges like setup fees, downgrade penalties and get a discounted rate if you’re an eligible non-profit or high-volume merchant.
They works behind the scenes to help protect your business and your customers. Get extra peace of mind with automatic fraud screening and customizable security filters. Also PayPal is ideal for selling overseas and you can accept payments in 22 currencies from 190 countries and markets worldwide!
PayPal lets you sell online to anyone with a credit card. They don’t even need a PayPal account to pay you. Again, just a few more reasons why we would recommend Paypal for business.
Further Details / Merchant Account Fee’s:
Paypal’s services are based in the US – if you have a UK business your account will be set up and managed there.
|
Paypal US |
Paypal UK |
|
| Setup Fee |
Free |
Free |
| Monthly Fee |
Free |
Free |
| License Fee |
Free |
Free |
| Application Fee |
Free |
Free |
| Programming Fee |
Free |
Free |
| Discount Rate |
N/A |
N/A |
| Transaction Fee |
0 – $3,000 pcm: 2.9% + $0.30 $3,000.01 – $10,000 pmc: 2.5% + $0.30 $10,000.01 – $100,000 pcm: 2.2% + $0.30 $100,000.01 above pcm: 1.9% + $0.30
|
0 – £1,500 pcm: 3.4% + £0.20 £1,500.01 – £6,000 pmc: 2.9% + £0.20 £6,000.01 – £15,000 pcm: 2.4% + £0.20 £15,000.01 – £55,000 pcm: 1.9% – £0.20 £55,000 above pcm: 1.4% + £0.20 |
| Statement Fee |
Free |
Free |
| Customer Service Fee |
Free |
Free |
| Internet Gateway Fee |
Free |
Free |
| Check by Phone Software |
Free |
Free |
| Check Recovery Service |
Free |
Free |
| Credit Restrictions |
None |
None |
|
Paypal US |
PayPal UK |
|
We hope you found this information useful, to apply for an account please click the icon below:
*You will be directed directly to Paypal’s application screen*
