It’s both of those things, but Pay Pal offers a lot more features and capabilities.
In fact, it’s expanding and diversifying a lot now that it’s a publicly traded company in its own right.
There’s another feature that I’m greatly interested in, but it’s STILL in beta, and has been since it was announced in February of 2016: Commerce.
The name may be a bit broad, but this is specifically a set of contextual commerce tools so that merchants can embed checkouts in email newsletters, blog posts, and more.
If you only process sporadically, you have a low volume, you are just starting out, or you have trouble opening a merchant account (for a reason other than “I run a high-risk business”), Pay Pal should be near the top of your shortlist for payment options.
It’s hard to beat that value, especially for new merchants.
There are other perks you get with the Pro plan as well, namely the virtual terminal.
However, this does mean you’ll have to deal with PCI compliance.
However, when you reach a point where you’re consistently doing more than ,000 or ,000 in card processing per month, a traditional merchant account may become more cost-effective.
A merchant account will give you the personalized service and attention that Pay Pal doesn’t offer.
Additional services offered by Pay Pal are: Pay Pal also has its very own debit card for businesses.
The card gives you fast access to cash from your Pay Pal account — no reason to wait for an ACH transfer.
Read the full review for all the nitty-gritty on Pay Pal’s merchant solutions, including all the features and pricing.