Sellers using Paypal

[Tonz]

In process of setting up new business that will be 99% off internet. Buying options will be direct deposit, credit/debit card and thinking of paypal but would like thoughts of businesses already using it?

[Peter Jones]

I receive a lot of paypal payments and find it really convenient.

However, I also spend a lot using paypal and never have to pull the funds down into a bank account which I think is where a lot of the angst about fees comes from.

The reality of it is though that the merchant fees on cards or paypal are about the same.

It's just that Joe public who only sells one or two thing on e-bay doesn't understand the concept of merchant fees.

If I was opening an on-line store I'd definitely have paypal in the line up. I'd also have a means to take credit cards over the phone for people afraid of web transactions.

It depends a bit on which demographic you're selling to but a goal of any business has got to be to take as much money from as many people as possible.

[Ryan_R]

And don't forget from a buyer's perspective Paypal is convenient and more trusted compared to say handing over CC details - especially for a small shop/website where the online security could be lacking. I know I've aborted ordering things before when Paypal wasn't an option.