Your PayPal credit and debit cards now support Apple Pay

 

Your PayPal credit and debit cards now support Apple Pay

If you're a business owner looking to expand your payment options and enhance your customer experience, consider integrating PayPal POS into your operations. PayPal offers a seamless way to accept payments, and setting up a PayPal business account is a straightforward process. In this article, we'll guide you through the steps to create and set up your PayPal business account, open a PayPal merchant account, and even explore PayPal Payments Pro for advanced features.

1. Create a PayPal Business Account:

To get started with PayPal for your business, the first step is to create a PayPal business account. Follow these easy steps:

Visit the PayPal Business website.

Click on the "Sign Up" or "Get Started" button.

Select the "Business Account" option.

Provide the required information, including your business name, contact details, and business type.

Set up your login credentials, including a secure password.

Agree to PayPal's terms and conditions.

Complete the setup process by adding your bank account information.

2. Set Up PayPal Payments Pro:

PayPal Payments Pro is a robust solution that allows you to accept payments directly on your website, providing a seamless checkout experience for your customers. Here's how to set up PayPal Payments Pro:

Log in to your PayPal business account.

Navigate to the "Tools" section and select "All Tools."

Under "Website Payments," click on "PayPal Payments Pro."

Follow the on-screen instructions to complete the setup, including integrating it with your website's payment processing.

3. Link PayPal POS to Apple Pay:

If you have a PayPal debit or credit card, you can now link them to your Apple Wallet app for use with Apple Pay. There are two simple methods to achieve this:

Option 1: Open the iOS PayPal app and look for the "Pay with your iPhone" banner on the homepage. Tap it, and you'll be directed to the Apple Wallet app, where you can add your PayPal cards.

Option 2: Open the PayPal app and tap the plus icon in the upper right corner of the screen. Follow the prompts to add your PayPal credit card, PayPal debit card, or both to your Wallet app. Once added, you can use them for transactions via Apple Pay.

Keep in mind that Apple reserves a small fee of 0.15% for each transaction made through Apple Pay, equivalent to 15 cents per $100.

4. Future Integration with Venmo:

Venmo, a subsidiary of PayPal, is expected to add Apple Pay support for its credit and debit cards in the near future, although this integration hasn't occurred yet.

5. Apple Pay's Growing Popularity:

Apple Pay is gaining traction globally and is now the fifth-most widely used payment method, following PayPal, Visa, Mastercard, and American Express. Some analysts predict that Apple Pay could generate up to $4 billion in revenue this year.

In conclusion, PayPal's decision to support Apple Pay demonstrates its commitment to providing convenient payment solutions. This move signifies PayPal's readiness to adapt to evolving payment trends and meet the needs of both businesses and consumers.