PayPal and Global Payment System Consultancy
PayPal Account – One-to-One Consultancy – Payment System Integration
Whether at a local scale or global scale, the most important and maybe the first thing in cross-border e-commerce/e-commerce is the payment collection. When it comes to payment, in cross-border e-commerce approach, minimum loss and maximum speed in payment collection from either websites or global marketplaces and integration with different global payment systems in the target regions directly affect the revenue.
Why Should You Use PayPal/Global Payment Systems?
As you know, the most popular payment tool in online shopping in Turkey is credit/bank cards. While card systems such as Visa, MasterCard and Troy are mainly used, there are more than fifty card systems around the world. But the most important problem is consumer trust. Consumers are not willing to share their credit/bank card information on a website or marketplace they are going to use for the first time. Therefore, different global payment systems emerged in other regions of the world due to this distrust.
Currently, the most popular alternative payment tool is PayPal. Sellers must use PayPal if they want to sell on marketplaces such as e-Bay and Etsy. Additionally, payment tool institution data show that PayPal is more preferred than credit/bank card in most of the Western countries mainly the USA and the UK.
Such that credit/bank card used in online shopping only forms the 20-35% of total shopping potential. In addition to this data, when basic consumer habits are considered, consumers feel uncomfortable with sharing their credit/bank card information on a website or marketplace they use for the first time. Especially for firms that sell on their websites, PayPal or similar global payment systems help to gain the consumer trust and directly influence the purchasing decision.
Is PayPal Enough?
Especially in Europe, there are various payment systems with different popularities across countries in addition to PayPal and virtual POS (Giro Pay for Germany, Stripe for Holland and the UK). Therefore, sellers with the most popular payment method for the target region and market can easily convert the traffic to revenue. In this sense, alternative global payment system should be carefully assessed and these payment methods should be integrated.
PayPal and Global Payment System Consultancy Target
Collecting Payment In Line with Target Region Habits: By integrating different payment systems depending on the sales potential, collecting payments from a large consumer base in a fast and reliable way and to grow in a fast and sustainable way by considering sales numbers.
The European and American market share in total e-commerce collections of the Global Payment Systems has reached 65% and it is still increasing. The main reason is the lower commission rates compared to banks and higher success rates in operations.
All payment provider institutions are strictly audited by Capital Markets and Banking laws in the related countries. On the other hand, these institutions guarantee system security for all collections from customer to sellers and undertake to cover the loss of both sellers and customers in case of any error or loss. Due to these risks, payment provider institutions are equipped with high-technology security systems.
Yes. PayPal had terminated its operations in Turkey a few years ago and currently do not accept new members from Turkey. Therefore, you need to have a company abroad to have PayPal and especially PayPal Business accounts.
This depends on the financial regulations of payment provider companies and countries.
Each payment provider firm receives a certain commission from each transaction. While the commission rates change in each firm, total revenue also plays an important role.