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PAYPAL. PRESENTED TO:SIR ADNAN PRESENTED BY:SAIMA ASGHAR 07-20. PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.
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PAYPAL PRESENTED TO:SIR ADNAN PRESENTED BY:SAIMA ASGHAR 07-20
PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders. • A PayPal account can be funded with an electronic debit from a bank account or by a credit card.
CURRENT BUSINESS • Currently, PayPal operates in 190 markets, and it manages over 184 million accounts, more than 73 million of them active. PayPal allows customers to send, receive, and hold funds in 19 currencies worldwide.
PROTECTION POLICY • PayPal Buyer Protection Policy states that customers may file a buyer complaint within 45 days if they did not receive an item or if the item they purchased was significantly not as described.
FRAUD • Money transfers via PayPal create an inherent risk of fraud due to the impersonal nature of internet commerce and the gap in regulatory treatment of PayPal transactions
Websites that offer PayPal as a way to pay reach a wider audience and can provide an uplift in sales on their site. • For small-to-medium sized businesses, accepting PayPal as a payment option in addition to credit cards increased sales an average of 14% • Over 80% of the surveyed merchants reported a sales increase, and the increase typically started within two months* • The increased sales were incremental lift, and did not take away from current credit card volume* • According to an Internet Retailer study, 42.2% responded that accepting alternative payments (such as PayPal) have increased sales+
PayPal Drives New Customer Acquisition • “83% of customers paying with PayPal were new customers to PETCO.com”Heather Blank(Dir. of Business Development and Marketing, PETCO.com)
PayPal Express Checkout Banner in Manager -- What a Merchant Sees
Adding PayPal as an Additional Payment Option • Two Integration Options • PayPal Express Checkout • PayPal Standard Checkout
PayPal Express Checkout • Pay Pal's Express Checkout lets your customers pay quickly and conveniently. • With PayPal Express Checkout, your customers get the fastest, most streamlined PayPal checkout experience. • Your customers select items to purchase and proceed to check out. When your customers choose to pay with PayPal, they are securely transferred to PayPal. • Your customers also have the option of using your existing checkout for credit card payments.
With PayPal Express Checkout, customers who choose to pay with PayPal are sent to secure PayPal-hosted pages to approve using PayPal to pay. Once your customers approve the use of PayPal, they are automatically returned to your website to complete their order and pay. PayPal accepts, authorizes, and processes the payment instantaneously. Once the payment is successfully processed, the funds are deposited directly into their PayPal account and can be withdrawn or transferred to their bank account easily.
Example: PayPal Express Checkout In Express Checkout, Paypal as an Additional Payment Option can be placed before the shipping and billing address information is collected. The buyer uses the shipping address and financial info stored in PayPal and PayPal passes the shipping address to the merchant.
PayPal as an Additional Payment Option -- Benefits to Your Merchants • Increase Acquisition & Drive Incremental Sales • Benefit from strong brand association initiatives • Attract customers who do not have a credit card or are located internationally • Increase incremental sales by offering PayPal as a way to pay • Increase Conversion Rates • Fast and Easy Payment Flow • Address users’ security concerns • Customers shop without sharing financial information • Reduce costs of Service • Reduce charge-backs • Reduce fraud • Reduce Customer Support requirements