Why Use PayPal

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Transcript

Okay, so the first thing that I want to discuss about is really ecommerce, the idea of e commerce is widely misunderstood in the simple sense that people think, boy, I have to have a store multiple, you know, products to sell. Now, e commerce is simply the transference of money from one person hands, to another person's hands. That's all it really boils down to. Now of course, when you think of an e commerce store, that is of course having multiple products to sell, and then through those products, of course, you have the actual electronic commerce or conversion of money. The best way that this of course is done nowadays is through PayPal. Now PayPal is probably the biggest beginners a, you know, launch base or you know, soapbox in order to start collecting online payments, just like that.

Everyone trusts PayPal in this day and age. It's very easy. widely recognized online payment center and it keeps your details safe. A lot of people have PayPal accounts, even if they don't, it accepts everything from you know, credit cards, debit cards, etc. Online quickly and easily. So that way you don't have to have a third party payment processor, they do all of that for you on your behalf.

With that being said, there's a lot of unique things that you can do inside of that alternatives that you would use. If you didn't want to use PayPal, maybe you're looking to expand get lower fees, because maybe you're doing in excess of $100,000 a year, you would look towards something like stripe, but for anyone that's really trying to process payments and make it quick, simple and easy. And especially if you have less than 100 K a year. You're probably going to end up using PayPal for all of this because like I said PayPal is widely recognized. If you have someone entering a credit card on your website using any third party processor, you know, merchant circle, authorized dotnet, stripe, etc. Those types of places are going to not have this kind of seal like PayPal has, which says, Hey, we're the ones who are processing this payment with all these other third parties, you don't get kind of that trust badge.

And that trust badge is really what sells everything about someone being able to trust your website, you know, it needs to be seen as this is the ultimate place where your information is going to be secure, nothing's going to happen to it. So you can trust us put your information in and then boom, you'll get your you know, delivery, you'll place your order, whatever it is. So that's number one reason why to choose PayPal. Once you're seen as an authority, you know, people trust you they trust your name, they've maybe you've done business with you. switching over to one of those larger payment processors for lower fees is all right, but PayPal It's gonna fit 95% of businesses online.

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