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Old 12th July 2010, 09:06 AM   #1
mcmahojo
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Default PayPal Opinions

I am sure this has been asked many times, but as a new sole proprietor I would like to know opinions about using PayPal for both invoicing and taking online payments. Any specifics regarding costs would be appreciated. Thanks in advance.

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Old 12th July 2010, 01:15 PM   #2
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I have a problem about paypal too.Because the paypal company is so strict with chinese acount.Specially for the acount from Putian Fujian.

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Old 26th July 2010, 08:31 PM   #3
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I don't know where you are, but if all possible, I would suggest you get your own merchant account. You'll have a lot more control over both processing payments and invoicing. It can all be computer based. Another option would be to outsource your accounts receivable.

Best of luck,

Beth

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Old 26th July 2010, 08:44 PM   #4
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When setting up a client with an eCommerce site, we typically suggest Paypal because they accept all the major credit cards. What's best is that they don't charge anything until you use them.

I have heard people complain about their rates, but if you want to jump through hoops to save 1/2% or something like that, then I think you're concentrating on the wrong areas of business.

Paypal did get a lot of 'bad press', but mostly from the eBay crowd. You know, people selling 'junk' and advertise it as 'new', then they complain when the purchaser want's his money back. That's not a Paypal issue... that's just stupid people trying rip people off.

Overall, I would suggest Paypal at least as a start. You can always change when you 'get your feet wet' with online payments and invoicing, etc.

Hope this helps! Good luck!

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Old 27th July 2010, 05:10 PM   #5
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Default How fortuitous!

Hi all,
How timely. I just today released an article on how best to deal with Paypal - setting up the account, insulate yourself from hidden risk, etc.

Check it out at bizmd.blogspot.com. The site is free without ads and all I ask if that if you find the material valuable you share it with others.

Cheers!

Chris
the Business Doctor

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Old 2nd August 2010, 03:24 PM   #6
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PayPal remains the way forward. Many large retailers now accept it.

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Old 2nd August 2010, 04:04 PM   #7
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be very careful when accepting payments from paypal. a lot of the times they are very helpful and sometimes they are not very helpful. with all the fraud out their they have to be restrictive!

if you are selling a service like seo or training etc then be very careful because most likely paypal will freeze your funds. they want to know the tangible product you are selling whether it be information products or an actual physical product.

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Old 2nd August 2010, 06:36 PM   #8
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I'm sure PayPal have never given a monkey's what I sell...

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Old 2nd August 2010, 06:45 PM   #9
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Default If you haven't already read it,

I suggest you check out the Paypal article on my blog. Good tips and the website name that keeps getting removed in this forum isn't blocked.

Cheers!

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Old 27th August 2010, 02:13 PM   #10
Bryant
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Default PayPal user since they began in 2000

Never had a problem selling both services and hard product.

In my mind the people who complain about them or their service need to take a look at their own business practices.

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