I have been a Paypal.com account holder for eight years now and I am amazed at how much money I have made using their service. If you are not yet familiar with PayPal and are a Solopreneur or a Small Business owner you are leaving a lot of money at risk. I say at risk because if you don’t have a way to accept credit cards/debit cards for payment on your goods or services you not only risk losing business but you also risk not getting paid at all.

The reason I became a PayPal.com member so long ago is because I had a contract with a major university to complete work on a website I was designing for their building services department. The department head was very impressed with my work and asked if I accept credit cards as a form of payment. I only accepted checks or cash at the time like most small businesses just starting out.

The amount they owed me could only be paid by the department head with his university issued credit card. The department head’s only choice was to send a check request to the director of the department, the director of the department sent a request to the purchasing department who then sent a request to the billing department who then 5 months later sent a check to me.

If only I had a traditional merchant account at that time. Most Solopreneurs or Small Business owners don’t need or can’t afford the cost involved to maintaining a merchant account. I didn’t have enough volume of business at that time to justify a merchant account so I was stuck waiting when it came to check payments from my clients.

PayPal.com to the rescue! Not only can I now accept credit cards of all types including American Express, MasterCard, Visa and Discover Card, I can also allow my clients to send me an eCheck through PayPal.com
PayPal.com also gives you an Invoicing tool that will send out professional invoices through email that will include a link back to PayPal.com to allow your client the ability to pay that invoice with their credit card.

Their once was a very popular commercial that a famous actor at that time Karl Malden did for the American Express Travelers Checks. The catch phrase at the end of the commercial was “Don’t Leave Home Without Them!” Well I do the same with my PayPal.com Debit Card. I don’t leave home without it. You can get a Free PayPal.com Debit Card with 60 days of good standing of creating your PayPal.com account. Once one of your clients or customers pays you through PayPal.com using their credit card the funds are automatically availble via your PayPal Debit Card.

There are so many other great features PayPal.com has to offer it will take more than one Blog Post to go over them. So if you are a Solopreneur or Small Business owner and want to expand the profit potential by accepting major credit cards for payment of your goods or services get THEE to the PayPal.com site NOW!

All The Best

JB

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Tags: Credit Cards, Ecommerce, Merchant Account, Online Payments, Online Selling, PayPal.com

This entry was posted on Sunday, May 25th, 2008 at 6:38 am and is filed under Ecommerce, Free Web 2.0, Online Selling, PayPal, Web 2.0. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.