PayPal Payment Solutions
PayPal is a global leader in online payments and a fast and secure way for your customers to pay online. With PayPal and Magento Community Edition, you can accept payments from all major debit and credit cards, and PayPal account holders. Since customers don’t even need a PayPal account to pay with PayPal, both you and your customers can get extra convenience without extra effort.
The PayPal payment methods that are available in Magento, and the method names, are different depending on merchant location. For country-specific PayPal methods, see the list at the end of this chapter. The two PayPal payment methods that can be used all over the world are Express Checkout and PayPal Payments Standard.
PayPal payment methods are mutually exclusive, with the exception of PayPal Express Checkout. You cannot have more than one method enabled at a time. PayPal Express Checkout can be used with other PayPal payment methods except PayPal Payments Standard. PayPal Payments Standard cannot be enabled simultaneously with any other method, including Express Checkout.
With PayPal Express Checkout enabled, customers can click the “Checkout with PayPal” button to make a secure payment from the PayPal site. You can use Express Checkout as a standalone solution, or in combination with one of the other solutions.
For US merchants, PayPal Credit is now a payment option during checkout. PayPal Credit, (formerly Bill Me Later) offers your customers access to financing, so they can buy now and pay later, at no additional cost to you. You are not charged when customers choose PayPal Credit, and only pay your normal PayPal transaction fee. You can also use free, ready-made banner ads and a prominent PayPal Credit button in checkout, to tell your customers while they shop that financing is available.
PayPal offers a variety of PCI-compliant solutions to meet the needs of your growing business.
(Includes Express Checkout) PayPal Payments Advanced offers your customers a secure checkout experience without leaving your site. Flexible templates and a low monthly fee make this an ideal choice for merchants who want to create a more customized checkout experience.
PayPal Payments Pro brings you all the benefits of a merchant account and payment gateway in one, plus the ability to create your own, fully customized checkout experience.
- PayPal Payments Pro Hosted Solution (Includes Express Checkout)
- PayPal Payments Pro Payflow Edition (Includes Express Checkout) (UK only)
PayPal Payments Standard is the easiest way to accept payments online. You can offer your customers the convenience of payment by credit card and PayPal by simply adding a checkout button to your site. During checkout, customers are redirected to PayPal to complete the payment part of the checkout process. There are no lengthy applications to complete, or monthly charges to set up in advance. When you make your first sale, PayPal will guide you through the process of setting up your account.
PayPal offers a choice of two payment gateway solutions for your business. You can let PayPal host your checkout on its secure payment site, or you can take control of the entire payment experience with a completely customizable solution.
PayPal Payflow Pro is a fully customizable payment gateway that can be used with any Internet merchant account to process credit card transactions online. Payflow Pro can also be used to process PayPal Express Checkout transactions.
PayPal Payflow Link is a hosted payment gateway with an embedded checkout that keeps customers on your site. It’s the fast and easy way to add transaction processing to your site.
The PayPal Access Card is like a debit card that can be used to spend or withdraw money from the PayPal balance of the cardholder. It can be used to make purchases online, or anywhere else that MasterCard is accepted. It’s like having your PayPal account in your wallet.
PayPal Access streamlines the process of opening an account with your store.When customers with PayPal Access register with your store, their address and contact information is read directly from their PayPal account.