When PayPal started, it was a revolutionary idea of sending money through email. For small online businesses, PayPal is a great option. Those who cannot afford other way of payment processing, PayPal provides them a simple and inexpensive way of doing business.
PayPal has emerged in the last decade as the biggest and most reliable payment service online and is used by millions of entrepreneurs and freelance workers online. PayPal was started in 1998 and is an American company founded by 4 entrepreneurs and later it was acquired by eBay in 2002. They are the first choice to receive payments online as it is currently the world’s largest online digital wallet and transferred more than US$ 282 billion across 200 nations around the globe.
They provide International Digital Wallets that allow you to receive and make payments online securely and hassle free. They also have strong anti-fraud checking systems in place. Moreover if you feel you have been cheated you can always reverse the transaction and ask for a refund by opening a dispute at the Paypal Resolution Center.
PayPal API can be easily integrated with PHP, Ruby, Python, Node.js, Java etc.
Association with Banks –
PayPal is associated with major Banks like ICICI, HDFC, AXIS Bank, INDIAN Bank, CITI Bank, Standard Chartered Bank, Kotak Mahindra Bank for Indian Debit Card and Credit Card and they support International Credit Card from any Bank with Visa, MasterCard, Amex and Discover.
Set up Cost – INR 0.00 /-
TDR – 4.40% + 0.30 USD per Transaction
AMC – INR 0.00 /-