31 January 2017
Paypal is the largest online payment method and now become a global leader of payment solution in the world. Paypal is not only fast but it also very secure so your customers can pay their items without any worries.
With Magento Community edition and Paypal, you are not only able to accept payment from other Paypal account holders, but you also can accept payment from any debit and credit cards. Not to mention, people do not need to have a Paypal account in order to use Paypal service in the first place, so both you and the customers can get more benefit with less effort.
If you never use Paypal before, you may be wondering why there are so many people out there who like to use Paypal or even use Paypal for their only online payment method. There are benefits that Paypal can offer to you :
Imagine how embarrassing it would be when you decide to use your credit card to buy items or services online but then the card gets rejected. With Paypal, you do not need to experience that problem anymore. You can set up multiple credit cards, bank accounts, and debit cards to fund your Paypal account. That is mean, you always can be rest assured that the purchases with Paypal will always come through (because there would be more than one choice there).
Believe it or not, credit card security still becomes one of the common reason why people prefer to buy things offline instead of online. When you create a new Paypal account, you need to type in the credit card and bank account that you wish to use for your online purchases on the Paypal secure system.
When that step is finished, there is no need for you to disclosure your credit card information ever again (unless you decide to stop using your Paypal account).
This is probably one of the best benefits that you can get from using Paypal as your main online payment method. Yes, you do not need to pay for processing fees, annual membership fees, or any service charges. Using Paypal means that you can get all those amazing benefits which associated with the service and there is no need to pay at all.
Paypal not only useful for online shopping, but it can help you in emergency times too. For example, you can help your troubled friend who lives across the earth from you by sending him or her some money to pay for medical cost or something like that. As a Paypal user, you will be able to transfer money with just a few clicks.
Transfer money via Paypal surely is far cheaper and faster than if you use another service like the Western Union, for example.
Now you already know some benefits that you can get if you use Paypal. Now let’s find out how you can set up Paypal as a payment system in your Magento online store.
The Paypal payment methods that are available in Magento and the method names will depend on the merchant location.
If you are a US merchant, then you can set up this payment method on your checkout page. With this method, your customers can use financing payment system, so they can buy now and pay at a later date, without any extra cost to you. That is mean, you are not charged any fees when your customer decide to use this payment option (only pay normal Paypal transaction fee).
If you want, you also can use free, ready to use banner ads to tell your customers that financing option is available for them.
In order to enable Paypal credit in your Magento store, do the following :
In order to enable Paypal Credit Banner, do the following :
Paypal Payment Advanced
Paypal Payment Advanced allows you to let your customers pay their order with credit or debit card without leaving your website. That is mean, an embedded checkout page will be customized in order to create a seamless and secure checkout page and payment process.
Customers who do not have Paypal account still can purchase things through Paypal secure payment gateway system. Paypal accepts various kind of debit and credit cards, such as Master Card, Visa, Solo credit card or Maestro / Switch in UK and US. Paypal Express Checkout also included in the Paypal Payment Advanced, to make things easier.
If you want, you can have two Paypal solutions enabled at the same time, Paypal Express Checkout and any other Payment Gateway solutions.
To use Paypal Payments Advanced system in your Magento store, there are 2 requirements that you need to fulfill first :
Steps to Set Up Paypal Payment Advanced
In order to set up Paypal Payment Advanced in your Magento store, there are few steps that you need to follow :
That are tutorial to set up Paypal Credit and Paypal Payment Advanced in Magento.
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