By : Nidhi Gupta

PayPal has been around a while, at least in Internet years. It is a payment gateway that is best known for its ability to help people transfer money when they use auction sites like Ebay. But now PayPal can offer web site owners and developers more options in e-commerce than they may realize.

There are a variety of payment options within the PayPal web site. You can stick with their basic payment system where you sign up for an account and you can immediately transfer cash to anyone with an e-mail address. This is a great way to pay for stuff when you win or sell on an auction site, but what if you need a real e-commerce solution for your web site? PayPal now offers three levels to help you:-

• They have Web Site Payments Pro where customers can pay for things on your site or the PayPal site.

• The second offering is E-mail Payments where customers get an e-mail and can then pay their bill on the PayPal web site.

• The third option is what’s called a Traditional Merchant Account. This is a full blown e-commerce solution where you can process credit cards on your site, and you have a great deal more control over many aspects of the shopping cart and the payment processing. This final option will cost you the most to implement and run.

Overall, PayPal is a solid option if you want to dip your toes in the e-commerce pool. But keep in mind that when people have to leave your site to go to the PayPal site to make a payment, it doesn’t project as professional an appearance as if you were able to process their credit cards on your own site directly. That is where you need a merchant account (or a software package that enables you to access a merchant account). Many web hosting accounts will also provide some built in e-commerce solutions that can be tied into your hosting account directly. These can be a safe bet, since your hosting company is already set up to use them. So the moral is, if you need basic payment abilities, look at PayPal. If you need something more full featured, you have a variety of options. But the best place to look first are those solutions tied to your existing hosting account. If you don’t have a hosting account yet, do a Google search on “e-commerce solutions” and start digging. There is a great deal of options out there, so tread carefully and do your research.

Get More Details at : pkwd.net

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By : Admin

Few of us may be aware with this fact, but those who are not, let me inform it to you that the auction giant eBay has decided to use pay pal as its electronic payment system. eBay has acquired online payment company PayPal in a deal which valued at $1.5 billion!

First of all, let us know what PayPal is all about? PayPal allows consumers to make and accept payment to one another over the Internet without any use of credit card. A payer deposits money in a PayPal account using a credit card, bank account or existing PayPal account. And then it cut the recipient a check for the amount or transfer the money to another bank account. The recipient can also leave the money in the PayPal account where it earns money. Most of the business of PayPal comes from the eBay auctions.

With this acquisition, eBay will be gaining a complete control over the popular and strong electronic payment service, PayPal. In the words of Merrill Lynch analyst Justin Baldauf, “PayPal is the ‘gorilla’ in the online payment market, as eBay is the ‘gorilla’ in the online auction market.”

According to eBay CEO Meg Whitman, “PayPal acquisition will help both customers and the company’s bottom line by speeding up the payment process. Buyers and sellers complete transactions days faster using electronic payments”.

The two companies have always maintained a symbiotic relationship, as they both brought business to and competed with one another. eBay’s biggest goal right now should be improving PayPal’s somewhat poor reputation for customer services.

eBay will acquire all of the outstanding shares of PayPal in a tax-free, stock-for-stock transaction using a fixed exchange ratio of 0.39 eBay shares for each PayPal share.On a GAAP basis the company will initially incur incremental charges for stock-based compensation and amortization of intangible assets of approximately $4 million and $9 million per quarter, respectively.

This acquisition is a kind of extension of eBay’s trading platform as 60% of the fund transfer technology company’s revenues already came from eBay. With this deal eBay would suspend its own payment system.

PayPal will continue to provide a variety of consumer services, including its popular Web Accept product, which makes it possible for independent online merchants to accept payment directly at their web sites.

eBay will likely profit from a portion of all transactions processed by PayPal, but most agree profits will significantly gap the valuation of $1.5 billion. eBay’s take is that the combination of the two networks should expand the eBay and PayPal platforms, while minimizing shared operational costs.

The beauty of this deal is that it will allow communities to enjoy new tools and added flexibility to do more business!

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By : Nidhi Gupta

eBay Toolbar is a free and helpful tool for eBay members. It sits just below the address bar on your Internet browser, making it available whenever you’re online. With eBay Toolbar you get:

• One-click access to My eBay, the eBay Home Page, PayPal, your Favorite Searches and Sellers and many more top used areas of eBay.
• A handy search box for whenever the urge to search eBay strikes you.
• Timely Alerts so you don’t miss out on an item you’re watching or bidding on.
• Buying and Selling item status to stay on top of all of your eBay activity.
• Account Guard to protect you from fraudulent spoof sites.
• Customization to make eBay Toolbar even more helpful to you.

eBay Toolbar gives you searching power.

Never be away from the ability to search eBay! You just don’t know when the urge will strike. Finding items is as easy as entering a search term into the search box and clicking the Search button. Or refine your search to hone in on what you’re looking for. Enter your search term, click on the drop down menu to select a category.

In addition to the category list, there are many options to help narrow your search, such as:

• Search by eBay item titles only.
• Search by eBay item titles and descriptions.
• Search within eBay Stores.
• Search for only items listed as Buy It Now.
• Search for a particular item by the item number.
• Search for items of a particular eBay seller.

eBay Toolbar provides you timely desktop alerts - a must have for the serious eBay member.

With eBay Toolbar, you can receive the following Alerts:

• Bid Alerts for items you’re bidding on that are ending soon.
• Watch Alerts for items you’re currently watching that are ending soon.
• Outbid Alerts when you’re no longer the high bidder.
• Second Chance Offer Alerts when a seller wants to offer you an item you didn’t originally win.
• Question Received Alerts when you receive questions from buyers.
• Selling Alerts when your listings end.
• Best Offer Alerts when you make or receive a Best Offer.
• Item Ended Alerts indicating whether you’ve won an item.

Get more details at ebay.com

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