Explanation of Paypal for Accepting Credit Cards

[dbenfell]

Hi

 

I am based in New Zealand and starting up an online business but initially looking for a cheaper way to accept online payments than hefty merchant startup fees and minimum monthly charges.

 

I have seen paypal can be used for accepting online payments. I have however a few questions.

 

Can I trade in $NZD with Paypal.

 

I am not quite sure how it works. i.e., does the customer require a paypal account or is that irrelevant when accepting credit cards for payment (i.e., is it seamless to them).

 

Has anyone had good experiences/bad experiences with it? is it a secure form of receiving payments?

 

Do I need to set up each product I sell on the paypal web site?

 

What alternatives may there be for me in New Zealand?

 

Some advice would be appreciated.

 

Rgds

 

David

[dchockenberry]

go to PayPal and find out what they can do for you.

 

as with anything, experiences will be good or bad.

 

yes they are secure or it wouldn't be around as such a huge corporation.

 

the purchaser has to set up a paypal account to pay but all they need is a credit card or bank account and an email address.

[Avium]

At the moment, Paypal only accepts transactions in Japanese yen, British pound, US dollar, Canadian dollar and the new Euro currency.

 

You may find more info here:

http://www.paypal.com/cgi-bin/webscr?cmd=p...c_intro-outside