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Paypal merchant account fees

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5star processing
Paypal merchant account fees

Generally, there are three different costs associated with PayPal merchant account fees such as hardware costs, software costs, and payment processing fees. If you are using PayPal for digital transactions then you don’t need to worry about payment processing. PayPal doesn’t take too much cost or fees to use their services. Even it makes its money by payment processing fees. PayPal offers its basic software at no cost. Hardware costs are one-time expenses for the purchase of hardware required to process a payment, such as a card reader. Software costs are monthly fees you need to pay for payments of the webpage, mobile, and over the phone. Payment processing fees are a small percentage of payment being processed.

How does the Online Payment Process work?

If you want to start online payment process work, here the steps to follow and the players involved with the payment process.

  •         The customer submits a payment request
  •         The transaction needs to be authorized. The merchant gathers the payment information the customer gave and provides it to the payment gateway. The payment gateway gives the info to the processor, who then submits the authorization requests to the card network. The card network offers the transaction to the issuing bank, which will authorize or decline the request.
  •         If your business is authorized, the card network sends the money to the acquiring bank who deposited the funds into the merchant account.

For more details, feel free to contact us on +(888) 253 9692 or visit the website at 5starprocessing.com. We offer some of the best payment processing fees or rates on the market. Or we can say that if you are looking for low-cost payment processing with minimal commitments, PayPal offers a great solution.

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