Is PayPal only enough?

Is it possible to run a store using only PayPal, without integrating Stripe or 2Checkout?


What are the pros and cons of relying solely on PayPal for payments?


Thanks!

There are no pros,
You'll have less CR, you have to find a way to allow CC payments as well at least

ramgarg said:

Is it possible to run a store using only PayPal, without integrating Stripe or 2Checkout?


What are the pros and cons of relying solely on PayPal for payments?


Thanks!

Click to expand...

for small business maybe but you will lose many customers not everyone using paypal

Try with Payoneer (Easy set-up, you don't have to open company). PayPal is not good to be the only payment method.

ramgarg said:

Is it possible to run a store using only PayPal, without integrating Stripe or 2Checkout?


What are the pros and cons of relying solely on PayPal for payments?


Thanks!

Click to expand...

If you are using managed checkout, paypal alone should be fine. When I say managed, I mean that the customer gets forwarded to the payment gateway for completing the payment, and then comes back to your website. It also notifies the payment status to your backend. Both stripe and 2checkout should have this facility as well, but you don't need either of these per se.

However, if you want to handle the payment yourself (store card number, customer name and address to your own backend), you will need something advanced. You will probably also need PCI certification depending on the payment gateway.


EDIT: Paypal also seems to have payments API, so it should work for custom payment as well. So, just choose any of the above really.

As for relying on a single payment processor, I don't see why you couldn't, if you are not selling something that is against the processor's AUP.

PayPal is never good for the medium and big guys. They fuck people over in favor of customers.
You need a card processor to combine that with, if you must use PayPal at all.

Good morning,

I'd like to add a few points - but it depends very much on the business model you're running, so it's a bit different. If you have a PSP, then integration with PayPal and some other "exotic" credit cards might be the better approach overall. - No doubt about it. In any case.
For PayPal, you can definitely use the Guest Checkout functionality, have a look at the "Guest Payments" documentation on their Payments REST API page, here:
https://developer.paypal.com/docs/archive/payments/guest-payments/

Other then that:

• True - Without offering multiple options for Customers, you will face less Conversion Rate
• PayPal, as such, has individual pricing - and the "customers first" approach may cause you some extra work dealing with chargebacks or other payment related issues.
• As a merchant, you may run into problems with PayPal from time to time when they ask for documentation or freeze funds. This is not always the case - but depending on your business, it can sometimes be a bit tricky. So keep that in mind

PayPal per se is a goodie on top for me, Express Checkouts, great userbase & trust by providing this payment option will definitely help you.
But as a Foundation I would still work with Payment Service Providers because you have a single point of contact, you are compliant & up to date and can provide secure transactions with Visa & Mastercard at least. With AMEX it's very different, same with DC and other cards.
Depending on your business, you have a great overview, can adjust the checkout process accordingly and have a full set of benefits that PSP's offer.

Sure, they will take their slice of the pie, but over time you will find (with the reports you can generate) that PayPal refunds can be higher than credit card payments.

Many PSP's also offer country specific payment methods, like in the Netherlands: iDEAL. These are very often used by Dutch people and are also a great advantage for your business.

So my Recommendation would be:
PSP + PayPal on top with implementation (best case scenario) through your Payment Service Provider.


Best regards,
zotix

In general it's enough, we all know that depending on your business model, nationality and niche, you may be at risk using PP and Stripe in any case

You have to get at least one card processor other than PayPal

PayPal are likely to find ways to screw you over. It's better if they are your backup option, but not your main payment processor.

One payment method like PayPal is never enough.

PayPal has the biggest disadvantages and advantages and so, at least three solid payment methods should be considered to maximize your conversion.

Each niche has its own characteristics. I know stores that accept almost all payments via crypto and do just fine.
In any case, you need to have at least 2 payment processors so you don't lose potential customers.

You'll get by, but believe it not, some people really dislike PayPal.
Adding multiple payment processors will only increase your conversions.

The question is, what are the cons of adding additionals? I'm struggling to see any. Your also then not at the sole discretion of PayPal who could fuck you up at any point given their history with who they deal with their customers/merchants/sellers.

Paypal is good in terms of getting people check out because of the reputation, but sometime checkout using CC on paypal can meet some issues. One payment methods is enough for running a shop, but multiple will reduce the risk

PayPal not working in my country.

Mr Dimond said:

PayPal not working in my country.

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Another way is you can buy accounts or rent one from vendors

I ask one of my client in email marketing,he says he was using Paypal rental services for his replica store this is his tele https://t.me/paypalrentalservice

With a PayPal Business account, you can accept credit and debit card payments on your e-commerce store in multiple ways - with PayPal checkout customers can pay with also with credit/debit cards (without needing a PayPal account).

i use both paypal and crypto and it is enough for me

ramgarg said:

Is it possible to run a store using only PayPal, without integrating Stripe or 2Checkout?


What are the pros and cons of relying solely on PayPal for payments?


Thanks!

Click to expand...

I think you can run a store using only PayPal, but it has pros and cons. It’s easy to set up, trusted by customers, and works worldwide. But PayPal has high fees, can freeze accounts, and some people prefer other payment methods. If you’re just starting, it’s a good option, but adding more choices later might help.