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What is PayPal?
PayPal is a popular payment processing service that allows your customers to buy products online using credit, debit, and bank transfer payments.
Why do I need PayPal?
In order to open for business and accept online payments, you must add an online payment processing service to Yahoo! Merchant Solutions. Depending on your needs, you can add a merchant account, a PayPal account, or both.
How does PayPal compare to a merchant account?
If you're just starting out or looking for a way to increase sales, PayPal offers an easy and quick way to accept payments with no monthly or setup fees. You just pay a PayPal transaction fee on the merchandise that you sell. Transaction fees range from 1.9% to 2.9% and depend on the number of transactions you conduct each month.
A merchant account takes longer to set up and typically charges monthly fees and a setup fee. Merchant accounts can have lower transaction fees, which can save you money if you process many transactions each month.
How does PayPal work?
How can PayPal help your business?
Get a payment processing service with no upfront cost
PayPal makes payment processing easy and affordable for merchants who are just starting out. You pay transaction fees only when an order is placed. Plus, there are no monthly or set up fees.Reach more customers and provide more choices
With PayPal, your customers can pay with a direct bank transfer, debit card, or credit card. Also, with more than 78 million registered PayPal accounts around the world, accepting PayPal payments means reaching out to a huge new group of potential customers.Get set up quickly and easily
PayPal makes it simple to add payment processing to your site: Sign up in just three easy steps. Get approved in 24 hours. Then place your PayPal button on your checkout pages, and you're ready to open!Offer secure payment processing
PayPal takes extensive precautions to help protect merchants against fraud, and has one of the lowest fraud loss rates in the payment processing industry.Increase sales
Merchants who offer alternative payment options like PayPal can reduce shopping cart abandonment by 20%**
How do I sign up?
Yahoo! Merchant Solutions Starter is our most popular plan for new merchants. You get everything you need to open an online store, including site building tools, a secure shopping cart, easy tools to manage your orders and inventory, and much more.
Merchant Solutions Billing Details
- What is the setup fee?
- A processing fee that covers setting up your account in the Yahoo! Small Business system.
- What is the transaction fee?
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A fee to maintain the infrastructure that supports your ecommerce services and transaction processing. This fee is based on the final price of the product and is not calculated on shipping and taxes.
For comparison, some large ecommerce companies spend roughly 5% to 8% of their sales to maintain their ecommerce infrastructure. We charge just 0.75% to 1.5% for access to similar ecommerce infrastructure and services of a similar level of quality.
- How much should I expect to pay each month?
- Your total cost per month will include your plan's monthly fee and transaction fees based on your total monthly sales. Enter your monthly sales to see your estimated cost per month.
- Your monthly sales:
- Estimated monthly cost:
- Merchant
- Starter
- Merchant
- Standard
- Merchant
- Professional
These estimated costs exclude the one-time setup fee of $50 and fees paid directly to your merchant account provider or PayPal for transaction processing. They also do not include any special discounts that may be available at the time of purchase. There is no gateway fee for Yahoo! Merchant Solutions customers.
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