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Paypal standard is completely free of charge and allows you to accept both credit cards and Paypal with your online store. Therefore, I’m going to start by summarizing Paypal’s 4 offerings below. Unfortunately, it’s not very intuitive which one you should choose and what the advantages are for each. Paypal Checkout – Free for all merchants.

Paypal Standard – Free for all merchants.Right now, Paypal now offers 4 different choices to accept credit cards on your site.

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The Difference Between Paypal Standard, Paypal Checkout, Paypal Advanced And Paypal Payments Pro

If You Process Less Than 10K/Month – The Cheapest Solution Is….

If You Process Between 10K And 50K/Month – The Cheapest Solution Is….

If You Process More Than 50K/Month – The Cheapest Solution Is….

The Difference Between Paypal Standard, Paypal Checkout, Paypal Advanced And Paypal Payments Pro.

If you are interested in starting an ecommerce business, I put together a comprehensive package of resources that will help you launch your own online store from complete scratch.

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Get My Free Mini Course On How To Start A Successful Ecommerce Store In addition, I’ll tell you what rates that I’ve been able to negotiate with each of these services and where the cut off points are. So today, I’m going to explain in plain language what sets these 3 payment processors apart from each other. To further muddy the waters, services like Paypal often have multiple options to choose from which all behave differently. In fact, you often have to negotiate the rates yourself. Once your store has some decent transaction volume, the transaction rates change dramatically and none of these rates are documented anywhere. In fact, if you look at the sales pages for all 3 services, they all read pretty much the same with the exception that Stripe doesn’t charge a monthly fee. And two, they all claim to provide a “robust integration with leading shopping cart providers” for all sized businesses. One, they all offer the same introductory rates with a transaction fee of 2.9% + $.30. If you are looking to accept credit cards for your online store, you are probably considering one of the big three, Paypal, and Stripe.īut the problem with choosing between these payment options is that all 3 services look similar on the surface.