PayPal for Business lets companies accept payments through PayPal, one of the most recognized names in online payments. Customers can pay with their PayPal balance, Venmo, Pay Later options, or a credit or debit card, even without a PayPal account.
Businesses can add PayPal Checkout to a website, send invoices, create payment links, and accept payments through most major e-commerce platforms. Buyers tend to trust the PayPal button, which can help conversion, especially with new customers who haven’t bought from you before. Seller Protection covers eligible transactions against certain claims.
PayPal works well as an added checkout option alongside a card processor, and for freelancers and service providers who invoice clients. It’s usually not the cheapest choice as your only processor.
Fees are on the higher side. PayPal Checkout and Venmo payments cost more than standard card processing, the fixed fee per transaction is higher than many competitors, and international payments add more. Businesses also report occasional account limitations and fund holds, and dispute fees apply.
For Long Island businesses whose customers already pay each other with Venmo, accepting PayPal and Venmo at checkout removes a common reason people abandon a purchase.