JAKARTA - PayPal, an online financial service on Tuesday, April 4 announced the addition of a new feature to its payment solution for small businesses, which allows them to accept various payments via PayPal, Venmo, PayPal Pay Later, and also Apple Pay.
With the expansion of PayPal's full payment solution, small businesses can expect to process card payments directly on their website, and customize their checkout experience through a single integration.
"Starting today, PayPal will also give small businesses access to four new features to help them drive acceptance of payments and improve the way they do business. This will include Apple Pay as a payment option," read a PayPal announcement shared on Twitter.
We’re adding new features to PayPal’s complete payments solution for small businesses, to help drive sales, improve cost and operational efficiencies, and help protect against fraud. pic.twitter.com/PAfxTHjQcN
— PayPal For Business (@PayPal4Business) April 4, 2023
The four features include the following:
Added Apple Pay payments
Small businesses that take advantage of PayPal's full payment solution can now accept Apple Pay alongside a variety of other popular payment options. Apple Pay offers its customers an easy, secure, and private way to pay online and in-app while using Apple devices.
Simplify the checkout experience
In addition, PayPal's all-in-one payment solution also enables consumers to store their payment information securely on a business's e-commerce website for future purchases.
Small businesses can store multiple payment methods including PayPal, Venmo, and cards in the PayPal vault. Once saved, this payment method will remain current via PayPal's real-time account updating service and network token.
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Helping businesses manage cash flow better
Small businesses will continue to get access to features like automatic transfers, which help businesses better manage their cash flow. Additionally, businesses will now be able to choose between fixed pricing or the IC++ pricing model, which helps them get full payment upfront and get a transparent picture of processing fees.
Help keep businesses and customers safe
To help keep small businesses safe in environments where fraud is on the rise, PayPal's all-in-one payment solution will continue to offer Fraud Protection, Chargeback Protection, and Seller Protection, on eligible transactions.
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