Which PayPal payment gateway and account type do you need as a merchant for your business?
If you are merchant or do most of your business online then you need to choose the best Paypal payment gateway. There are many of such platforms offered by Paypal and you need to select the best PayPal option that’s right for you. Here find five of such Paypal payment gateways and see for yourself the difference in each of them and then decide which is the best one to suit your business needs.
1. PayPal Standard
Paypal standard has a Built-in Gateway and you need any type of Paypal account for this. It is the simplest of all PayPal gateways. It can be used with the most basic PayPal account type, the Personal account. All you need to do is enter your PayPal email address into the PayPal Settings section and you’re ready to start selling with Easy Digital Downloads. No other setup is needed. This type of PayPal account is free. When someone presses the Purchase button they will leave your web site and go to PayPal.com. They’ll pay there, and then will be sent back to your web site. You can look at the costs for this gateway here. In case you need any help call phone number 1-866-787-2693.
2. PayPal Pro
PayPal Pro works on an Extension gateway (paired with PayPal Express) and you need a Pro PayPal Account Type. Also if using PayPal Pro to process credit cards, you must have an SSL certificate. PayPal Pro is only available to merchants in the US, Canada, the UK, and Australia. There is a $30 monthly fee from PayPal for this type of account.
PayPal Pro allows you to collect credit card information directly from your checkout form so the customer does not have to leave your store. This provides a much more streamlined experience for your customers
PayPal Pro does not allow the customer to pay with the money in their PayPal account, it is exclusively for paying with credit cards. For costs and pricing you need to check here. Also call at 1-888-431-0032 to know more.
3. PayPal Express
PayPal Express also has Extension gateway (paired with PayPal Pro) and you need Business PayPal Account Type. PayPal Express is only available to merchants in the US, Canada, the UK, and Australia
PayPal Express is for sites that already have existing credit card processing systems in place and merely want to add “Pay with PayPal” to the site. The PayPal will not process credit cards with PayPal Express, it relies on your existing system to do that.
The customer will leave your site to authenticate with PayPal and then return to your site to complete the sale. You can find the costs as listed on PayPal.com
4. PayPal Adaptive Payments
PayPal Adaptive Payment has Extension Gateway and you need a business paypal Account Type. To use PayPal Adaptive Payments, you will need to request an API Signature from PayPal and create an application, which may take time to be approved by PayPal.
PayPal Adaptive Payments allows the customer to submit one payment that is then split and shared among multiple receivers. PayPal has excellent documentation on how Adaptive Payments work. If you wish to know about the PayPal Adaptive Payments websites in Canada you can do so and also the pricing is listed on PayPal.com
5. PayPal Payments Advanced
PayPal Payment Advanced with Extension Gateway requires Business paypal Account type With PayPal Payments Advanced, you can accept both PayPal and credit cards on your site. You can set it so that customers are sent to PayPal to pay, or you can give them the ability to pay with a credit card without ever having to leave your site. You can learn about the fees here.
Now choose among these which you feel is your right choice for online business transactions.