PayPal’s New Features – A Must-have For Online Merchants In 2021
In order to be able to compete in today’s world as an online merchant, you must have the tools that give you the competitive advantage you need.
One of these tools is one of the most trusted online business tools in the world – PayPal.
PayPal provides an easy and quick way for merchants to handle their payments.
PayPal has simplicity at its core. The only thing a consumer needs to do in order to be able to access PayPal services is to register through their portal and they are ready to start transacting with more than 24 million online merchants!
PayPal also has a very balanced infrastructure to equally support both the consumer and the merchant. PayPal’s new features and products for both ends enhance their experience for the better!
What Are PayPal’s New Features?
The new PayPal Checkout with Smart Payment Buttons™ gives customers more choice and flexibility in how they pay and get paid. Praxis Cashier along with PayPal’s new features will dynamically present the most relevant payment methods at checkout. Including PayPal, Venmo, PayPal Credit, and other local alternative payment methods.
PayPal Checkout is designed to reduce the number of clicks or taps along the path to purchase. In addition, the new experience allows customers to check out earlier in the shopping journey directly from the product page and shopping bag.
Essentially this PayPal gem is Online Purchase Financing (OPF) for almost everyone! Upon checking out, customers can now tap the PayPal Credit button. There is no need for a credit card or debit card and no account numbers to enter.
If it’s their first time selecting it, they need to fill out an application and will receive a credit decision in seconds.
But What About The Merchants?
Furthermore, while shoppers can take advantage of special financing offers, like “No Interest if paid in full in 6 months on purchases of $99+,” online merchants get paid in full, upfront, every time.
The financing arrangement exists between PayPal and your customer. This means that PayPal collects the payments and takes on any incremental risk, while you move on to the next sale.
Our Collaboration With PayPal.
PayPal technology is now available through Praxis, to empower their merchants to accept more payments from a wider audience. Clients and audiences that may not possess credit cards, or make use of other standard payment methods.
Our preeminent goal is to connect our online merchants that fit the PayPal standard. With a top processor that will deliver performance and security. In this regard, Praxis has set up a dedicated team to assist our merchants’ onboarding with PayPal. We ensure that this process will be as quick and efficient as possible.
We continuously strive to enhance our broad arsenal of payment solutions and we are happy to have PayPal and its new features.
Learn more about our payments technology and how Praxis can connect you efficiently with PayPal in no-time!