- PayPal charges a flat rate of 2.7% when you accept credit and debit cards in person using a card reader and the PayPal Here app.
- There are no monthly or annual account fees for PayPal’s basic credit card processing service.
- Things that may cost you extra include chargebacks, accepting international credit cards and signing up for advanced services.
Credit card processing is a virtual necessity in modern business. Fewer consumers than ever carry cash, and more each year expect all businesses to accept debit cards and credit cards. Some customers have even begun using digital wallets, such as Apple Pay, Google Pay and Samsung Pay. Opening up these payment methods to your customers gives them a better checkout experience and boosts their overall satisfaction in their interactions with your business.
Unfortunately, credit card processing services can be difficult to navigate, with complex pricing structures, fee schedules and hidden fees. PayPal’s credit card processing services eliminates the confusion with transparent pricing and fees so you won’t be surprised when you receive your statement at the end of the month. If you want to better understand PayPal’s credit card processing pricing and fee schedule, read on.
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Does PayPal offer credit card processing?
While PayPal is best known for its peer-to-peer money transfer services, it also offers credit card processing services to businesses of all sizes, transaction volumes and sales ticket values. PayPal’s credit card processing services earned it our best pick for mobile credit card processor for Android devices, though it offers an identical slate of features for Apple devices.
PayPal’s credit card processing business is huge, serving 23 million merchants with more