PayPal ranks among the most popular payment processors on the market. It features a secure payment processing system with more than 400 million customers from 200+ different countries. They accommodate low- to medium-risk merchants. If you want a safe, proven, and reliable overseas processor, you should include PayPal in your choices.
However, security is both PayPal’s most notable advantage and weakness. While the stringent guidelines prevent fraudulent overseas transactions, they also hassle SMBs. During investigations, funds in question get frozen for several weeks. In the worst case, PayPal even suspends your local and international accounts until they resolve your outstanding issues.
Listed below are some straightforward, actionable tips for business owners who want to transact with non-U.S. accounts regularly:
PayPal’s tight restrictions might seem like a hassle, but they exist for your sake. Businesses face a significant amount of cybersecurity risk, and stringent processors like PayPal help mitigate damages. Unfortunately, this also puts merchants subject to thorough investigation and monitoring.
Overall, PayPal is an excellent overseas processor for low-risk businesses. However, high-risk merchants that routinely deal with problematic customers and chargeback disputes should opt for less strict options. Otherwise, your finds might constantly get put on hold with PayPal.
Are you on the fence about using PayPal because of their rumored high process rates? Processing Card can give you the facts! Check out our brief explanation of PayPal’s credit card processing fees.
Florence Carpenter is passionate about ensuring that the process of opening merchant accounts is as straightforward as possible. She graduated from the University of Michigan with a bachelor’s degree in Marketing.
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