Rhemaranch Blog

PayPal is the world’s leading online payment processing site. Many people will disagree on calling it a payment processing site because of the fact that they aren’t the ones to hold your money, they just tell you how much you have and make you go through the transaction. But just like me, many, many other people call it a payment processing site and I will tell you a little about it. PayPal.com came out not too long ago and it was acquired by ebay a few years ago and combined to be a great auction site along with a great payment transaction site. Their merchant account was made to help out all sellers. Especially those selling on ebay.

I am a buyer and seller on ebay and an avid user of PayPal for a while now. For over a year I have used paypal to receive and send payments to others. If you are looking to do business and expect some payments to come your way, you can get a personal account and will not have to pay any fees at all. But you can only accept 5 credit card payments per year, which is very sad and very low for me. But no worries because you can upgrade to the premier or business account where you can accept unlimited number of credit card payments but you will have to pay about 3% fee for every transaction. But if you have enough money coming in, that 3% won’t matter.

If you are a seller on ebay, keep a paypal account in handy to receive payments. With PayPal, you can print out shipping labels and pay for shipping on the internet. How easy is that? I have done it a few times and I am very satisfied with it. Keep in touch for more news and updates on PayPal as well as ebay.

Filed under: Business