Pay Pal Facts

Words of caution when using PayPal for a merchant account?
There are some very important things to know when dealing with PayPal. Be cautious of the following activity:

• If you do use PayPal, be very careful with e-mails that purport to be from PayPal representatives. Many of them are fraudulent.
• PayPal is authorized to seize money from merchants' accounts in the amount of a disputed transaction until the PayPal dispute is resolved. If the other party fails to communicate, this seizure can last up to 30 days.
• PayPal's alliance with eBay means that if there is a problem with your PayPal account, your eBay account may also be suspended. Back to the Top
  
  
  

How can CSIVC help me understand the differences between PayPal and a merchant account?
First Data Independent Sales's customer representatives can help you make the decision to open a merchant account as an alternative to using PayPal. Among the First Data Independent Sales advantages:

• Chargeback department that advocates for merchants in disputes.
• Fast and easy approval service -- most accounts are approved within two days.
• No registration barrier for customers -- their own credit cards are enough.

Are PayPal competitiors better?
You may have been introduced to PayPal through buying and selling on eBay or another online site. If you're new to selling online, you may find it appealing to handle your merchant account services through the provider you already know. However, there are significant reasons you may want to consider alternatives to PayPal for Internet credit card processing on your ecommerce site.

• PayPal's functionality is limited, meaning you may not be able to organize quantity pricing or shipping options the way you would like.
• PayPal's verification process is time-consuming and can delay your account's availability.
• PayPal requires your customers to set up an account to order your goods. In order to use all its features and protections, each customer must have a bank account and a credit card.
• Strict fraud policies mean it's possible for innocent sellers to have accounts frozen in error. Back to the Top