What is PayPal?
PayPal is the most used online wallet in the world, with over 184 million active users. It can be used as a payment method in 202 countries and is used more and more in the Netherlands too, where more than 4 million online purchases are paid through PayPal per year.
Customers connect their credit card or bank account to their PayPal account, or add credit to their account. When using PayPal to pay for a purchase, the customer logs in and authorises the payment with just their e-mail address and PayPal password. No further personal and financial details need to be shared with the website, which makes PayPal very safe. Payments can also be settled through smartphone or tablet, which allows customers to pay anywhere with ease.
For customers, PayPal is a safe and easy way of paying for purchases online and it enjoys a high level of trust and confidence with them because they don’t have to share personal or financial details with a store or site. PayPal also offers both buyer and seller protection. Customers can have the full amount of their purchase reimbursed if they don’t receive an item, or receive an item that doesn’t fit the description. Sellers are protected against receiving unauthorised payments and unsubstantiated claims of not received products.
The usage of PayPal is quickly expanding beyond webshops to ticket-buying platforms, travel agencies and marketplaces.
How does PayPal work?
To receive payments through PayPal, a PayPal business account is required. This account can be easily connected to a Mollie account. When customers choose the PayPal payment method, they’re forwarded to the PayPal payment page, where they log in to their PayPal account. Here, they choose one of the payment options linked to their PayPal account and authorise the payment. Merchants receive instant feedback from Mollie when the status of the payment is known. The amount will be added directly to your PayPal account. From there, you can transfer it to your bank account or pay using PayPal.
Benefits of using PayPal through Mollie
Implementing PayPal through Mollie allows you to offer all major payment methods through a single integration, with all your insights and the connection to your back office available to you through a single API. Our clever yet simple API makes the integration incredibly robust and built for volume. Our API and Dashboard allow for direct refunds and can export all your data to several different formats for your bookkeeper.
Implementing PayPal through Mollie is easy, there’s no lengthy signup process and we have free, open-source packages and plugins available for most coding languages and e-commerce platforms, which allows for easy integration into any project. Our prices are transparent; you only pay a low fee for successful transactions. And your personal dashboard gives you crucial insights into all your transactions and statistics. Mollie is the quickest and easiest way to implement PayPal.