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Thread: Paypal
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face BY : Dan Michaels email (remove spam text)



David Huisman wrote:
>Has anyone here used Paypal ?
>
>If so, what is it like and can you explain how the money gets from the
>paypal account on the net to your bank account?
>


Hello David,

I use PayPal to handle credit card purchases for my small
business. It is extremely simple and reliable, and is highly
recommended by Forbes and other prime movers. I have a business
account where incoming funds are deposited straight into my
business bank account. It took about 2 minutes to set up the
account - and is "much" easier and cheaper to deal with than
other credit card systems I have tried - ie, local bank and
cybercash.com.

PayPal makes $$$$ by charging your business a percentage fee [just
over 2%] on each transaction - just like the usual Visa/MC route.
However, this route is really painless for the business owner
and significantly cheaper than most other credit card handlers.

PayPal recently added support for 25 countries outside of the US.

People can email the $$$$ to your PayPal account, and you can
also setup instant purchase buttons on your site for direct
transactions. These buttons are "extremely" easy to setup too.
Unfortunately, the current setup makes handling shipping costs
for multiple item purchases a tad bit unwieldy. You can get more
info on how I personally handle PayPal by visiting my Order page
- if you take a look at the source code for the page, you'll see
the .HTML code for the purchase buttons:

http://www.oricomtech.com/order.htm

hope this helps,
- Dan Michaels
Oricom Technologies
===================

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