What is PayPal?

Sending and receiving money online is safe and secure thanks to the PayPal online payment system.

When you connect your bank account, credit card, or debit card to your PayPal account, you can use PayPal to make online purchases from participating merchants. PayPal operates as a middleman between your bank and retailers while protecting the security of your payment information.

PayPal Business Account

In addition to allowing you to make payments, a PayPal business account also grants you access to eCommerce and POS interfaces, online invoicing, a virtual terminal, recurring billing, and other features. A PayPal business account may be created quickly and easily, and there are no ongoing costs.

You can read more about the  PayPal Business Account in this article

Types of PayPal Business Accounts

For business owners, a PayPal business account offers two main alternatives for processing payments:

  • Standard PayPal Payments. This free basic PayPal business account enables account holders to accept all of PayPal’s payment options without incurring a monthly maintenance fee (except for payments made via phone, fax, or virtual terminal). Additionally, it offers the features and advantages of a conventional PayPal business account, such as streamlined PCI compliance functionality and toll-free phone service. PayPal Payments Standard is a fantastic alternative for business owners who are just starting out as well as those who are happy with a basic checkout option on their website or through their e-commerce platform provider. Customers are sent to PayPal’s website to complete their transactions before being brought back to the company’s website.
  • PayPal Payments Pro. PayPal Payments Pro, which is an upgrade from the standard version, offers all the benefits of the basic account in addition to the option to collect payments through phone, fax, or virtual terminal.

Because it gives business owners complete control over their checkout pages, this account is ideal for anyone looking to advance their e-commerce website. Customers never leave the company’s website after making a purchase.

In contrast to PayPal Payments Standard, this choice has a $30 maintenance cost each month.

Advantages of A PayPal business account

  • No Charge: As previously stated, opening a PayPal business account is completely free of startup fees and ongoing monthly or annual charges (unless you opt to use PayPal Payments Advanced or Pro to accept payments).
  • Access To Business Features: When you use a PayPal business account, you can access features like a hosted checkout page, recurring billing, and invoicing. For mobile in-person sales, you can also use PayPal Here/Zettle.
  • Sell online or in person by accepting payments online and offline with PayPal. Accept payments using a variety of channels, including credit and debit cards, PayPal and PayPal Credit, and mobile payment apps.
  • Allow Your Staff to Access Your Account: Create a business account to provide up to 200 of your staff members access to your PayPal account. Each employee can receive a unique login ID and level of authority.
  • Numerous Integrations: You can integrate a PayPal business account with various shopping cart applications. Multiple POS integrations are available for brick-and-mortar businesses.

Steps to add Users to Business Account and set permission Access on PayPal

Users can be added to a Paypal business account by this process:

  1. Select your user name by clicking it in the top-right corner.
  2. Click on Account Settings
  3. Choose Account Access.
  4. Next to Manage Users, click “Update.”
  5. Choose the Add User option.
  6. Enter the Name, email, and user ID of the user.
  7. Choose the user’s access options.
  8. You can change a user’s permissions after adding them if necessary.

To edit a user’s permissions:

  1. Select your user name by clicking it in the top-right corner.
  2. Click on Account Settings,
  3. Choose Account Access.
  4. Next to Manage Users, click “Update.”
  5. Click the three dots under “Actions” for the user you want to change.
  6. Choosing “View Profile”

Add permissions:

  1. Tap the “Add Permissions” button in blue.
  2. Mark off the permissions you want to add.
  3. Select “Continue” from the menu.

Take away permissions:

  1. You can delete permission by checking the box next to it.
  2. Select “Remove Permissions” from the menu.