Published on March 5, 2014
Accepting Online Payments Johnny Beirne – Digital Business Institute Leon Quinn – Reverb Studios
Ireland currently spends close to €4 billion online each year, but 75 per cent of that goes overseas, mostly to the UK Source: Annual report from the Digital Hub Development Agency (DHDA)
2017 - €?????? €21 Billion 2014 - €4Bn Source: Annual report from the Digital Hub Development Agency (DHDA)
Buying with Mobile (phone & tablet) up 41% Source: Sunday Business Post – 02.03.14
PayPal Accounts • Personal – for buying • Premier – for casual selling • Business – for regular selling • All are free – you pay according to each transaction
PayPal Options • Shopping Cart • Buy Now (Pay Now) • Donations • Gift Vouchers • Subscriptions ----------------------------EU Regulation - €2,500 Limit Submit identification documents and call PayPal on 1800 948 510 8am to 10pm Mon – Fri | 8am to 9pm on Sat. 9am to 9pm on Sun
PayPal Benefits • Accept online payments • Process order over the phone • Get paid in advance - in full or a deposit • Charge for products and services • Great App • Improve cash flow: PayPal to Bank Acc. In 2 – 3 days • Your get a valid email address with transactions (email marketing) • Use funds for business related purchases e.g. Facebook Ads • Easy to issue a refund • People do not need a PayPal Account to purchase with PayPal i.e. use Credit Card • Promote with Social Media • TV add campaign increasing consumer confidence
Online Payment Considerations • Stock Control • Order Handling • Delivery • Returns • Refunds • Terms & Conditions
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