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Online credit card processing question regarding PayPal?
Posted on August 2nd, 2009 2 comments
Arvind R asked:
PayPal has a Standard merchant account where it hosts the cashier page and allows merchants to accept credit cards from customers without requiring them to open internet merchant account? How can they do it?
GARLANDSmall Business Cashier, Credit Card Processing, Credit Cards, Credit Processing, Internet Merchant Account, Merchants, Online Processing, Paypal2 responses to “Online credit card processing question regarding PayPal?”
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read the help section on paypal.
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Paypal has the merchant account and actually does the processing. Paypal then transfers the money to your individual account.
It is another revenue source for paypal as their processing rates are probably lower than what the change you for the service.
bic August 3rd, 2009 at 07:49