So you’ve heard the horror stories about Paypal suspending accounts for questionable reasons, but you’re not sure if you want to spend the money and go through the hassles of setting up a dedicated merchant account. Well, let Webtys.com help you decide:
“Which is better, PayPal or a merchant account? We get asked this question… a lot. Each has its benefits and its drawbacks. To make your choice as easy as possible we’ve created a side-by-side comparison below.
The first thing you need to know is that there are two components to processing credit cards with a web site. There’s a gateway which connects your web site with the credit card processor, and the credit card processor which actually processes the transaction. You always need both elements to accept credit cards on your web site.
Now that you know that, let’s compare both below and see what’s best for you and…
Low budget, easy to install.
What is PayPal?
PayPal is an all-inclusive external payment solution. This means that people leave your web site to pay their bill, and then come back to your web site when they’re done. PayPal handles all the security for you which is nice. All you have to do is tell PayPal how much to charge, and they do the rest.
How much does PayPal cost?
PayPal doesn’t have any upfront costs. There is no application fee, no setup fee and no monthly fees for the basic package. PayPal will deduct a percentage from each payment people make. This way if you don’t make…”