- PayPal completes payment is an all-in-one global payments solution that lets small businesses accept PayPal, Apple Pay®, GGoogle Pay™️,crEdit card and debit cards and other payment methods through a single integration to help drive conversions and repeat business.
- from world class seller, Fraudand chargeback protectionsmall businesses can take advantage of this new solution to grow their business.
toronto, March 5, 2024 /CNW/ – PayPal Complete Payments launches today, targeting small and medium-sized businesses Canada, UK and over 20 European markets.This solution enables small businesses to Canada Accepts a range of payment methods including PayPal, Apple Pay®1Google Pay™️2credit and debit cards, and over 20 alternative payment methods from around the world.
Small businesses face countless challenges, from finding new customers to driving sales. Giving shoppers more payment options can help convert prospects into actual customers and increase sales.More than half (53%) of Canadians would leave a store or abandon an online purchase if checkout was inconvenient, according to a Canadian Payments Bureau report3.
“We have been PayPal customers for years,” shared Roxanne Pettypasfounder and CEO of friend belt. “In November last year, we launched our online store, and we used PayPal completes payment sell Canada and internationally. The ability to accept multiple payment methods brings increased revenue. We can now accept a wide range of payments through a single integration, which saves us time and money and reduces complexity. We really like this report because we can easily access transaction data and analysis, which helps us better understand our business and save valuable time when filing taxes. “
“At PayPal, our mission is to revolutionize global commerce. Helping small businesses leverage global e-commerce is a key pillar.” Nitin PrabhuVice President of Small Business and Financial Services, PayPal. “Experience and data prove that seamless checkout, more payment method options and adding package tracking information can boost sales. In response to customer demand, we are pleased to introduce the latest cutting-edge solutions tailored for small and medium-sized businesses in our products Designed to support small businesses in every sector, with features that help drive simplicity and growth Canada”.
The United States is a key market for many Canadian small businesses. To facilitate cross-border trade more easily through this solution, eligible Canadian small businesses can now hold or withdraw funds into their bank accounts in U.S. dollars and more than 20 other currencies.
Businesses can synchronize order and tracking information through new feature (Package Tracking)4. For businesses, sharing tracking data with PayPal means fewer customer disputes and a streamlined resolution process that eliminates manual responses, thereby reducing costs. Transactions with tracking details typically see an 80% reduction in “item not received” instances5 Dispute Claims.
PayPal integrates with multiple e-commerce platforms – including Adobe Commerce, BigCommerce and WooCommerce – making it easier for customers to quickly take advantage of this new solution6.
This new solution also enables eligible small businesses to let their customers securely store their payment methods in a PayPal vault for future purchases. This facilitates a seamless checkout experience for shoppers. It helps small businesses increase conversion rates, reduce credit card declines, and encourage repeat business.
To protect small businesses, PayPal Complete Payments offers industry-leading Fraud Protection for qualified transactions, chargeback protection, dispute management, and seller protection.
The solution is offered at market-leading prices for accepting credit cards and other online payment methods. Small businesses can now choose between fixed rates and flexible pricing, which helps them get paid in full upfront and gives them transparency into processing costs.
You can learn more about complete payments with PayPal here.
About PayPal
PayPal has been revolutionizing commerce around the world for 25 years. PayPal creates innovative experiences that make transferring money, selling and shopping simple, personal and secure, enabling consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, please visit www.paypal.com, about.pypl.com/ and Investor.pypl.com/.
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1 Apple and Apple Pay are registered trademarks of Apple Inc. |
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2 Google Pay™️ is a registered trademark of Google LLC. |
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In addition, the PayPal Online Card Payment Services Agreement and additional Apple Pay and Google Pay terms and conditions apply to use of these new features. |
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3 Payments Pulse Survey: Consumer Edition, Canadian Payments Agency 2018 study. |
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4 Package tracking is only available for selected payment methods. Eligibility criteria are here. |
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5 Data source: PayPal’s internal data on “item not received” dispute standards in North America (United States) from January 1 to May 5, 2023. |
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6 Not all new features have been integrated by all listed e-commerce partners at this time. |
SOURCE PayPal Canada
For more information: Malini Mitra, [email protected]Samantha Jane, [email protected]
