PayPal Processing

[Admin]

For those of you setting up online shops - the easiest (and cheapest) method of accepting payments is through PayPal. A regular credit card processor is going to charge setup fees and monthly fees which can quickly eat into profits.

With PayPal you basically register with an email address that you want to use for payment and log-in. They also like to have a credit card on file for any payments you want to make to others and/or a checking account to use.

How do you collect your money? It basically is stored in your account with them until you want to withdraw it. At that point you can sweep it into your checking account - or - have them send you a check.

To Bill Brandon: This answers your email to me - for some reason I can't send an email to your address this morning...

[DayDr]

There are several nice advantages to using PayPal. (1) Not all customers have credit cards. Paypal will accept checks. (2) I love using the Virtual Credit Card to purchase supplies etc from various online sites like Steebar. Paypal gives you a dummy mastercard number to use online. Just enter the site address and presto ! a buy bar appears with the credit card number. This is great if the online store does NOT accept Paypal....now you can use your Paypal account to purchase items.
The fees are minimal as well. Paypal has some other great options,,check them out. Protection is a good one.
Good Luck everybody.:p