Questions about accepting PayPal payments
Recently we've had several clients who were confused about what PayPal is and how it works, so here's a quickie overview.
A basic explanation from their own website is that PayPal is a service that enables you to pay, send money, and accept payments without revealing your financial information. Most of our clients have questions regarding using PayPal to accept online payments, though.
Before PayPal, if you wanted to have a merchant services account (i.e. accept credit cards) you typically had to pay an application fee of up to several hundred dollars, fill out an application and authorize a credit check, and provide quite a bit of information about your business; the process took weeks to complete and was inconvenient and expensive.