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What Is PayPal? Is It An Internet Merchant Account?

internet merchant account Paypal

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PayPal is considered to be a third party Internet merchant account. It is not under your name or your control. You have to become a member of PayPal and open an account with them. Anyone who wants to purchase something from your website must also become a member of PayPal. First, funds will be transferred from the customer’s bank account to his or her PayPal account. Then, it’ll be transferred from the customer’s PayPal account to your PayPal account. And finally, the funds will be transferred from your PayPal account to your designated bank account or you can choose to spend them using a debit card issued by PayPal or you can request a check.

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