1

What happens when someone orders? Where do the funds go?

Our eStore is integrated with Paypal, so that you can accept payments through your Paypal account.  You must establish a Paypal account, if you do not have one already.   

Paypal is basically an online bank account.  So, when someone places an order, Paypal handles the entire transaction from start to finish.  Your customer will have the option to pay with their Paypal account, and if they don't have one, they will be able to use a credit card.  Once the customer pays, you immediately receive the funds into your Paypal account.  Then, at any time you wish, Paypal makes it really easy to transfer these funds into your actual bank account.

There are a lot of benefits to using Paypal:  

  1. Paypal is a highly trusted, secure site.  This means that all of your transactions will rely on Paypal's multi-billion dollar infrastructure, which will give a lot of confidence to your potential customers. 
  2. When you receive an order, Paypal will let you know by immediately sending you an email that you have (a) received an order, and (b) received payment.  You will also see this activity reflected in your Paypal account.  
  3. When a customer places an order, they will also receive an email receipt from Paypal for the transaction.  This means there is nothing else you need to do -- you don't need to send them an invoice, a receipt, or anything.   All you need to do is fulfill the order.
  4. Since Paypal saves the data for every transaction, you will be able to view monthly financial reports that will show you how well your business is doing.  Paypal provides you with a bunch of different reporting options and it is worth checking them out, as they will help you gain a better understanding of how well your business is doing financially.

5 comments

Please sign in to leave a comment.