PayPal is the easiest way to make and receive online payments, and they are present in 190 countries, with over 80 million active users.

Until now, a South African consumer or business could set up a PayPal account, and transfer money from their bank account to their PayPal account to make online purchases. The problem came when you would like to receive a payment via PayPal – you could receive the funds, but couldn’t transfer it back into your regular bank account, rendering it all but useless for most businesses. Now, with PayPal’s partnership with FNB, you can.

What this means for businesses is that e-commerce has just become much easier to get involved in. Up until now, it has been a complex process to create an online shop, which involved setting up payment gateway accounts and special ‘Online Merchant’ bank accounts. The banks would typically also request business plans and cash-flow statements for up to 2 years, as well as much other admin requirements. All this was a huge administrative load on a business that would like to experiment with online sales.

• Create a PayPal account,
• Open an FNB account,
• Let One Part Scissors build your online shop.

PayPal even offers professional services which allow you to receive regular credit card payments as well as PayPal payments.
If you are interested in getting involved in e-commerce, contact One Part Scissors today to find out more about how to harness this exciting new development. Online sales worldwide are pinned in the hundreds of billions of dollars each year. Experts suggest that by 2020 the Internet Economy will amount to $3.8 trillion, surpassing the GDP of large countries like Germany.
Get involved in this exciting space on the web!

Click here to have OPS contact you about adding an e-commerce aspect to your website.