Table of Contents
- 1 PayPal Payment Gateway Integration
PayPal Payment Gateway Integration
PayPal Payment Gateway Integration is easy with android. Paypal Payment gateway is a popular American company. It runs an online payment service around the world.
In this Paypal Tutorial we will discuss about the various aspects of Paypal such as Paypal payment charges in India, paypal payment gateway pricing, paypal payment gateway login, how to get paypal payment gateway for my website, paypal transaction fees for international payments.
It allows an ordinary person or a trader to transfer and receive funds electronically. This online payment service is known as PayPal.
What is PayPal Payment Gateway ?
Online payment platform PayPal Payment Gateway Integration is designed to help individuals, small and large companies to accept and make payments and remit money without having to provide financial information
This is a very good alternative to traditional paper methods such as checks and money orders, which people used to use earlier.
Through PayPal, any merchant can transfer his money anywhere in the world in an easy and secure way.
Who is Founder of PayPal ?
The founders of PayPal are Max Levchin, Peter Thiel, Luke Nosek, and Ken Howery. PayPal was established in the year 1998 and after a few years, it was bought by the eBay company.
Why PayPal ?
When any person starts doing business online, he needs a means so that he can send or receive his payment.
Usually when we have to make payment then we make online payment with the help of our credit card or Debit card but if we want payment then we have to use payment services such as PayPal or Google wallet.
PayPal payment service allows us to do national and international money transactions through the internet.
PayPal today has 100 million member accounts in 190 countries of the world. This shows that with the use of PayPal, today people across the country are easily doing their money transactions with confidence.
No special technology or license is required to transfer money from PayPal, the most important thing is to create your account in it, to have a valid e-mail id and bank account.
Actually PayPal works only through e-mail addresses. how? Let us know about it further. Before that let us know about its type.
PayPal Account Types
If seen, there are mainly three types of paypal business account accounts of Paypal Payment Gateway Integration, about which we will know further.
1. Personal Account
Since its name is personal, it is very easy to know from this that these accounts are used for personal use.
In this account, you can make about five (5) credit or debit card funded payments every year and for this you also have to pay a transaction fee for in all transactions.
2. Premier Account
This type of account is suitable for those members who do transactions with high transaction volume or who like to access the core and premium features of Paypal.
These Premier accounts are limited to only one individual name, that is, you cannot use them for business purposes.
Compared to Personal Accounts, here you can transact an unlimited amount of credit or debit card payments. But there is a fee on all the payments that you receive
3. Business Account
These accounts have been specially designed for businesses only. Which you can operate in any business in the name of a company or group name for payment transaction.
Like Premier accounts, you can make unlimited number of credit and debit card payments, but you will be charged only on receiving the payments.
At the same time, you see the option of most personal and business accounts on the website.
Important Documents to Open PayPal Account
If you want to open a PayPal account of yours or want to paypal payment gateway integration, then you will have to use these three documents –
- Bank Account (to get money)
- PAN Card (for verification)
- Debit or Credit Card (to send money)
How does PayPal work?
We can create our user ID using the e-mail address in PayPal India login. Email-id is the best option because only through which we will be identified in an online transaction.
Once the registration has been completed then we have to enter our bank or credit card information in our user profile.
To check whether the given details of the credit card are correct or not, PayPal transfers an amount of one or two, less money like $2.03 and $2.27.
After getting this money in our bank account, we have to go back to our PayPal profile and enter the same amount in the box given there.
When the entered data is correct, our bank account is considered to be fully verified. After verifying, our account is created in PayPal, through which we can send and receive our money online anywhere.
You can send money from your PayPal account to the same e-mail address by simply asking for PayPal’s e-mail address from the person to whom we want to make payment. PayPal sends the given amount out of our bank account.
PayPal deducts its commission to transfer money from your account to another PayPal account. Therefore, you will have to transfer money by adding the commission of PayPal along with your payment amount.
It is so about sending money through PayPal account, let’s know further how we will get payment from another person through PayPal:
When we have to take payment from any person, it does not matter whether that person is in your city or out of your city, we just have to give his e-mail address registered in PayPal to that person.
After that, the person paying you will transfer money to your PayPal account. After the money is transferred, you will get an e-mail that so much money has been transferred to your account, and the name of your payer will also be included in the mail who sent you money.
After that, you have to decide whether you want to keep your money in PayPal account or transfer it to your bank account.
When you transfer your money from PaypPal to your Bank account then PayPal deducts its commission and deposits on your money in the bank.
But in some countries like India, PayPal users are not allowed to keep their money in PayPal account, so their money is automatically transferred to their registered bank account.
Features of PayPal
Various Features of PayPal are as follow-
- Credit Card Reader
- Express Checkout
- Inventory Tracking
- Mobile card Reader
- Online Invoicing
- Shopping Cart
- Secure and fast Transaction.
Pros of PayPal
Various Pros of paypal Payment Gateway integration are as follow –
- Although PayPal has many pros, but many do not even know about them. So let’s know about the advantages of these PayPal.
- PayPal provides 100% protection against unauthorized payments.
- You can shop from many online websites from your paypal account while sitting at home. And you do not even need to go out anywhere and there is no need to stand in long queues.
- You can also send money to any other country with very low charges and very safely.
- If your seller is cheating to you then there is a provision to file a case against him. Paypal will assist you in this situation.
- If there is any problem in any transaction then you can take help of Paypal support.
- Paypal provides you with good offers in between and sometimes also gives coupons for shopping.
Cons of PayPal
Paypal payment gateway integration has very few cons as compared to pros. So let’s know about this.
- Paypal can freeze your account at any time if they find any fraud activities or policy actions in your account.
- Since PayPal is a private company that does not follow any federal banking rules, it does not require your permission or approval to freeze your account.
- If your account has been frozen then you cannot withdraw the funds in your account. You need to wait for PayPal in this condition.
Pricing Plan for PayPal
Pricing Plan of paypal payment gateway integration in 2021 for various types of transaction are shown below
Standard Charges for Receiving Domestic Transaction
| Transaction Type | Charge |
| Commercial Transactions – Online | 2.90% + Fixed Charge |
| Commercial Transactions – In-Store | 2.70% + Fixed Charge |
| PayPal’s pay later offers | 2.90% + Fixed Charge |
| QR code Transactions – 10.01 USD and above | 1.90% + Fixed Charge |
| QR code Transactions – 10.00 USD and below | 2.40% + Fixed Charge |
| Venmo | 2.90% + Fixed Charge |
For International Commercial Transactions
Total charges applies for international commercial transaction are higher that the charges for domestic transactions. Paypal transaction fees for international payments is discussed here in this table.
For international transaction in addition to domestic transaction charge following charges is also included.
| Transaction Type | Charge |
| Commercial Transactions – Online | 1.50% |
| Commercial Transactions – In-Store | 1.50% |
| PayPal’s pay later offers | 1.50% |
| QR code Transactions | 1.50% |
| Venmo | 1.50% |
| Commercial Transactions – Online | 1.50% |
Conclusion and Summary
Finally We can say that PayPal Payment Gateway Integration is widely used online payment solution by an individual , small and large businesses. It is easy to create PayPal account and Making payment through PayPal is secure and it keep the buyer safe.
We have already explained about different types of PayPal account, how does it work and how to create a PayPal account. Various Pros and cons of using PayPal are also discussed here in this article.
We hope that this article will be beneficial to the reader and after reading this article you will be able to open your PayPal account and know to use it.
Paypal payment charges in India, paypal payment gateway pricing, paypal payment gateway login, how to get paypal payment gateway for my website, paypal transaction fees for international payments all these infromations are discussed with you.
