Why LEADSExplorer uses PayPal for online payments

Paypal is known for the person to person (P2P) payments using email.
However PayPal also provides Merchant Services for getting paid using credit, debit cards almost worldwide and even direct bank payments in certain countries.
The Merchant Services require no email for sending money and no signup to PayPal for your customers. For the customer a similar payment service as any other online payment processor.

The reasons why we choose for PayPal:
- No setup costs
- No monthly fees
- Multiple currencies included
- Accepting money in many countries
- Direct bank and Giro payments accepted in certain countries
- Relatively simple and automated verification of bank account and credit card.
- Commissions or processing fees in line with other payment processors

Limitation – limitation lift
There is just one thing you should not overlook: after the first payments received you will notice a rather low limit (USD 2500 – EUR 2500 – GBP 1700) as the total amount that you can receive during the first year. That’s impossible for any company.
In order to lift this limit you need to go through the address verification by telephone or by post, both requiring entering a verification code that you receive.
Just don’t miss the verification telephone call like we did (stupidly) as it takes over 2 weeks to get the letter with the verification code in the mailbox.

After the limitation lift there is still a limit per transaction: USD 10,000 – EUR 8,000 – GBP 5,500
If we need to receive a higher amount we ask the customer to use a bank transfer.

Communicating with PayPal
Communications with PayPal are by email. It just requires time to get a response: thus patience is required.

What online payment processor do you use?