19 Choosing an Online Payment System

When you do business on eBay, you typically get paid via PayPal. That is, a buyer uses a credit card to pay PayPal, and PayPal then pays you with an electronic deposit into your checking account (after deducting the appropriate fees, of course). PayPal is an online payment services that lets any seller accept credit card payments.

Many sellers, however, don’t like PayPal. Either they don’t like the service or they don’t like the fees or whatever, but being forced to accept PayPal is one of the biggest ongoing beefs against eBay. In fact, this is the reason many sellers strike out on their own—to get out from under the PayPal yoke.

But here’s the deal: PayPal is actually a pretty good online payment service. ...

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