About PayPal Payments

Your store allows you to use another type of real-time payments through the PayPal network. You can set up PayPal as the only payment method, or in conjunction with other payment methods to provide your customers with multiple payment options.

The advantage of using PayPal, as the store owner, is that you can process payments instantly, but without having to sign up for a merchant and a gateway account as described above. In fact, with PayPal you don't even need a business bank account, as PayPal accounts can be linked to personal bank accounts. As a store visitor, the advantage of using PayPal is also that you don’t need to have or use a credit card to place an order.

In a nutshell, PayPal allows people to securely exchange payments online via e-mail.

The company works as a clearing house between sender (your store customers) and receiver (you). Both sender and receiver open an account with PayPal. At any time they can deposit and withdraw money from that account by linking it to their bank account or to a credit card.

The sender can submit a payment to the receiver by logging into the PayPal network and simply specifying the receiver's e-mail address. In the case of your store’s transactions, customers that select PayPal as the payment option will be automatically prompted to log into the PayPal network, and send money to your e-mail account (i.e. your PayPal account).

When the receiver (you) gets the message and accepts it, money is transferred from the sender's PayPal account to the receiver's account. To become more familiar with PayPal or set up an account, visit the company's Web site at http:/ / www.paypal.com

Note: When an order is placed on your store using PayPal, your store will label the order as “Pending”. That is because payment confirmation is not immediate.

If you have configured PayPal IPN feature the order will be marked as Paid as soon as the funds are received in real time.

Note: If PayPal is the only payment option that you allow, and a customer doesn't already have a PayPal account, they will have to go through the PayPal account registration process before they can buy your products. Registering a new PayPal account only takes a couple of minutes, but you should keep in mind that there will be this extra step for your customers to take.

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