PayPal is one of the most popular payment gateways supported by WooCommerce. Why?
Simply put, PayPal makes it easier for online businesses to protect their clients and earn an income.
Nevertheless, you still have to wonder whether PayPal is the best payment gateway for WooCommerce as far as your business needs are concerned.
To answer this question, we’ve gone through summarising PayPal.
PayPal is a global company, which in this case means that there are many pros and cons to consider. Today, almost all banks worth their name have a relationship with PayPal, either directly or indirectly.
The following are additional benefits as to why it is the best payment gateway for WooCommerce:
The good thing about the PayPal for WooCommerce payment gateway is that you get access to your money almost instantaneously. It is one of the benefits that makes PayPal significantly stand out.
The percentage charged by PayPal to process your payments may act as a deterrent at 3.4% + 20p (for EU cards, dependent on turnover), but you should also take into account the fact that the money will arrive in your PayPal account immediately. You can then choose to transfer that money to your bank account, which in most cases is also an instant transaction.
A fast payout is, therefore, a benefit that comes with using PayPal for WooCommerce. Business owners get to choose between using the PayPal debit card or transferring their funds into a different account.
WooCommerce provides different built-in-payment options; PayPal is one of them. For a business owner, it means that you will not need to do much for your business to start accepting payments. The only thing you have to do is verify your account on the PayPal system. When you look at PayPal vs another payment gateway, you can easily see that this is a huge win that PayPal benefits from.
Additionally, you can always opt to install the PayPal Express WooCommerce extension. The free extension will work perfectly for your business, making it easier for customers to pay online by skipping the checkout and using their PayPal account billing and shipping address.
Another major benefit that comes with using PayPal is that you get to access multiple services from a single portal. Services that can benefit your business will include payment gateways, recurring billing, invoicing, virtual terminals, payment forms, and micropayments. These are just but some of the available services and each has different features and implications. To find out more, please visit paypal.com.
It does not require any technical knowhow for you to set up your PayPal account. Even newbies to the world of eCommerce can complete setting up their PayPal accounts in ten minutes or less.
The good news is that you can start receiving payments as soon as the setup process is complete. It is another benefit that helps PayPal stand out
PayPal is a global brand that is easily recognisable for its reputation, trust, and efficiency. Buyers and sellers from around the world are able to trust the brand to facilitate their transactions. Inside this particular context, many small companies and businesses favour working with PayPal when pitted against other payment gateways.
Many banks in almost all countries today accept PayPal as opposed to working with other payment processors. Business owners want to be able to access global audiences. As such, they need to be able to make instant online payments through a well-known payment gateway. In this respect, PayPal becomes the go-to choice.