Now, whether you’re running an online or brick-and-mortar business, PayPal can help you. Here are some of the major benefits that PayPal can give:
PayPal transactions are processed almost immediately upon receipt. This means that you send and get the money from and in your account almost instantly.
If you are using a check, it would be more than 24 hours. And if you are using a credit card, it will take at least 3-5 days for the money to come to your business.
Security should be your top priority when it comes to accepting payments, and PayPal has very stringent security measures in place. PayPal also has a list of standard security protocols, and this includes requiring both the buyers and sellers to confirm the transaction. This is done so to ensure that they are not involved in a scam, such as phishing scams.
PayPal is very mobile-friendly, which is a great perk for you, especially if you are a small business owner who is always on the go. You can easily check your account, and you can also easily make transactions on the go with the PayPal mobile app.
Most importantly, PayPal’s mobile-friendly feature makes it easy for your clients to make transactions and pay you immediately.
With PayPal, you can choose how you want to receive your money: as a check, direct deposit, or electronic payment to your bank account.
PayPal transactions can be either one-time or recurring. You can also choose to receive PayPal payments using a PayPal payment button on your site or through the online or mobile app.
Alternatively, you can use the PayPal mobile app to get the money right into your mobile wallet or account.
PayPal can be used in online and offline business, regardless of whether you want to receive or send money.
You can add it as a payment option to your website, or you can make it possible for your customers to use PayPal in your brick-and-mortar business.
It can be very convenient for your clients to pay you using PayPal rather than going through a bunch of levels and steps to send you their money.
It Integrates With Xero
PayPal is integrated with Xero, which is a cloud accounting solution. This means that you’ll have a much easier time if you want to process your PayPal transactions in the same system where you keep your cash flow and financial records.
And there are no additional fees if you want to transfer your PayPal transactions to your Xero account. This can be particularly useful if you are a small business that is just starting out.
This integrated software with PayPal can help you handle your finances in a more streamlined manner.
Using PayPal as a way to get paid is an excellent option to consider as a small business owner. It offers security, flexibility, convenience, and it’s mobile-friendly, which are some of the major perks that you’ll truly appreciate when it comes to doing business.
Doola helps global entrepreneurs confidently start their companies, including helping them to create a PayPal account in the USA. Let us help you create your online payment systems with ease and free from hassle. Contact us today to get started!