PayPal

Explain why Website Payments Standard is fast, easy, low cost.

With Paypal’s Payments Standard you get no set-up fees. No monthly fees or termination fees. No hidden fees. You only pay when you get paid. Volume discounts available. You are charged by: 2.9% + $0.30 per transaction. which makes setup a breeze.

Which are the different methods PayPal can accept?

  1. Accept PayPal payments
  2. Accept credit and debit cards
  3. Accept PayPal Credit payments (U.S. only)

Do you need to have a shopping cart to use PayPal? Name 5 compatible carts with PayPal.

If you want to sell more than one item online, you need shopping cart software so your customers can:

  • Browse items
  • Make multiple selections
  • See shipping, taxes, and any other costs up front

5 compatible carts with PayPal:

  • Bigcommerce
  • Magento
  • Wix
  • Godaddy
  • 3dcart

Are applications, setup, or monthly fees required with PayPal?

No fees at all only charged once a transaction has been made.

With PayPal, do you need to store and protect customers’ sensitive financial information?

No paypal takes care of that for you.

 

Is a long-term commitment required with PayPal?

No long term commitment required.

 

Does every customer require a PayPal account to make payments on your web site?

No they usually have the option to pay with credit or debit cards as well.

Briefly explain what happens after the customer reviews the order in your site and proceeds to checkout in PayPal.

Once at checkout they will be brought to paypal to confirm the order, after which they will be returned to the initial site.

Explain briefly if the PayPal check-out site can match the look and feel of your own site.

The only way to customize the PayPal check-out site is to sign-up for PayPal Payment Pro which is $30/ month + the 2.9% + $0.30 per transaction.

 

Briefly explain what encryption is and why PayPal encrypts your business and customer information.

Encryption is the most effective way to achieve data security. To read an encrypted file, you must have access to a secret key or password that enables you to decrypt it. Unencrypted data is called plain text ;encrypted data is referred to as cipher text.

PayPal does this to keep your information and your customer’s information  secure.

 

What is the PayPal transaction fee?

2.9% + $0.30 per transaction.

 

What are the three steps to integrate the PayPal Shopping Cart?

Go to your paypal shopping cart page, enter your product details, copy and paste the html code generated into your website.

Name 5 additional features of the PayPal Shopping Cart.

  1. Accept 26 currencies from 203 countries
  2. Detailed transactions dashboard
  3. Optimized mobile checkout experience
  4. Simplified PCI compliance standards
  5. Accept credit and debit cards +PayPal payments

 

 

 

 

 

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