Skytomato merchants can now integrate PayPal as an additional payment option to increase their sales, expand globally, attract more buyers, and keep their business secure. PayPal is a global leader in online payments with a total payment volume of US billion in 2010 – approximately 15% of global eCommerce and 16.5% of US eCommerce1.
Increase Your Sales
- Businesses get an average sales increase of 14% when they add PayPal2.
- Receive payments from more than 94 million active accounts worldwide3.
- 57% of online shoppers who purchased from a small/medium-sized business would not have done so if PayPal had not been a payment option4.
- Accept a variety of local payment methods worldwide with one solution.
- Sell to customers in 190 countries using 24 currencies.
- Diversify and reduce dependence on local markets.
- Alleviate seasonal market fluctuations.
- 1 in 3 US online shoppers has a PayPal account.
- Active PayPal buyers in the US use PayPal on average for over 50% of their online spending5.
- In Australia and UK, PayPal is the most preferred payment service on the web6.
- 90% of US shoppers who prefer PayPal cite security most often as the reason for their preference6.
- No worrying about storing sensitive customer data – leave it to PayPal.
- Over 2,000 specialists working 24/7 to prevent fraud and identity theft.
- Highest available data encryption keeps transactions secure.
- Advanced fraud prevention tools keep PayPal’s loss rates extremely low < 0.2% "PayPal is committed to making sure that the transactions are secure. This really seems to reassure buyers."- Kurt Denke, BlueJeansCable.com Read more.
PayPal is easily enabled through Sitegiant. To get started, complete the following 2 steps:
- Sign up for a PayPal Premier or Business accoun – it’s free and takes just minutes.
- Contact Skytomato for integration. Email: email@example.com
Now, you’re ready to start receiving payments. Here’s how it works when a buyer makes a purchase :
- Customers shop on your website and click the payment button to make a purchase.
- They login to PayPal to make payments using their credit cards, bank account7 or PayPal Balance.
- Remember it’s secure and easy for your buyers as they don’t have to retype their financial details each time they pay.
- You get paid instantly in your PayPal account and can choose to withdraw the funds to your bank account or keep the funds as PayPal balance for your future online purchases.
PayPal has no set-up or monthly fees. Pay only a nominal transaction fee with PayPal when you receive a payment8. See transaction fees.
2Based on Q1 2006 PayPal phone survey of US small- and medium-sized businesses doing a minimum of 0,000 in annual sales online.
3Active accounts are those that have had activity in the past 12 months. PayPal has a total of 210 million accounts worldwide.
4Based on Q4 2007 survey of PayPal shoppers, conducted by Northstar Research.
5Based on Walker information Inc.’s February 2006 Customer Relationship Assessment (Buyers); sample frame: used PayPal once in past three months, twice in past year.
6PayPal Brand Tracker Q4 08.
7Receiving payments via bank transfers is available from approved countries. Click hereM.
8Your transaction will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.