In
our earlier post we told you we were going to be participating in
PayPal’s innovate 2010. At the conference PayPal, in addition to some
sumptuous techie talks will be launching “Business Payments”,their 50 cents pricing. With the introduction of Business Payments you can cut down your transaction fee to just 50 cents.
Us at Zoho Invoice are very happy to be a part of something which seems
like the future of all online transactions. Yes, you can use PayPal’s
Business Payments for receiving online payments from your Zoho Invoice account starting TODAY!



So what is PayPal’s Business Payments all about?


It is a simple and economical way to receive online payments against your invoices. The only prerequisite for business payments is that the payor-the person who pays you, should have a PayPal account. Lets say you invoice your customer who already has a PayPal account for
$100. Earlier you may have to pay a percentage of that $100 as a
transaction fee. If you choose Business Payments as your mode of
Payment receipt, you can receive the payment of $100 from your customer
at a transaction fee of just 50 cents. 


Besides the 50 cent pricing, what’s more interesting is that this being a PayPal account to PayPal account transfer, the payment will be credited to your account immediately.


How does this change things for Zoho Invoice?


Earlier
this month we introduced a little change in the way you receive online
payments. We started providing an option to select a payment gateway at
the time of creating an invoice. So now you’ll see an additional option
PayPal Business Payments, when you select your online payment receipt
mode.


With
Thanksgiving and Black Friday sales just around the corner. PayPal is
making a statement loud and clear. “Shop more, pay less”. Agree with
you PayPal!




  1. george

    None of this means anything to me. Approximately zero percent of our business customers have PayPal accounts. We sell serious software to companies, not knick knacks to individuals.
    I lose credibility whenever I suggest PayPal — even using a credit card for payment.
    PayPal needs to create a re-branded sub, say BizPal, that is geared to accepting corp credit cards and procurement cards without limits to be meaningful.

  2. george

    None of this means anything to me. Approximately zero percent of our business customers have PayPal accounts. We sell serious software to companies, not knick knacks to individuals.
    I lose credibility whenever I suggest PayPal — even using a credit card for payment.
    PayPal needs to create a re-branded sub, say BizPal, that is geared to accepting corp credit cards and procurement cards without limits to be meaningful.

  3. John Peter

    @LFG Accounting,I guess that’s the way it works now. Let’s see how PayPal takes this ahead in times to come. Considering this is a payment model many users will opt for.@sam MontrealExtending this to non-US customers will be something we can look forward to.

  4. John Peter

    @LFG Accounting,I guess that’s the way it works now. Let’s see how PayPal takes this ahead in times to come. Considering this is a payment model many users will opt for.@sam MontrealExtending this to non-US customers will be something we can look forward to.

  5. sam Montreal

    Sadly only available in the US for now, can’t wait to get that new pricing model in Canada! Beside that isn’t that much info on the paypal’s sites about that … 🙁

  6. sam Montreal

    Sadly only available in the US for now, can’t wait to get that new pricing model in Canada! Beside that isn’t that much info on the paypal’s sites about that … 🙁

  7. LFG Accounting

    I think I found the answer to my question here:
    https://cms.paypal.com/us/cgi-….See section 3.4: For PayPal Business Payments, you are limited to funding your PayPal payment with either (or both) your Balance or by eCheck.Looks like it does not offer a credit card option, so I guess we would have to know in advance how our clients wish to pay…

  8. LFG Accounting

    I think I found the answer to my question here:
    https://cms.paypal.com/us/cgi-….See section 3.4: For PayPal Business Payments, you are limited to funding your PayPal payment with either (or both) your Balance or by eCheck.Looks like it does not offer a credit card option, so I guess we would have to know in advance how our clients wish to pay…

  9. LFG Accounting

    Hi. According to the link you supplied above, it only applies to “U.S. dollar transactions funded using a PayPal balance or eCheck only”. So if we select the “Business Payments” option when sending an invoice, does that mean our clients won’t have the option of paying by credit card? They will only be given a choice of PayPal balance or echeck?

  10. LFG Accounting

    Hi. According to the link you supplied above, it only applies to “U.S. dollar transactions funded using a PayPal balance or eCheck only”. So if we select the “Business Payments” option when sending an invoice, does that mean our clients won’t have the option of paying by credit card? They will only be given a choice of PayPal balance or echeck?

  11. John Peter

    @touchrite.com
    At the moment the 50 cent pricing option is available only for PayPal users in the US. Hoping this would be extended to the rest of the world very soon. We’ll keep you posted if there’s an update on this.@Bill
    Yes, if your tenant is paying from the balance on his PayPal account then it would cost you just 50 cents.@brakai295
    We’ve tested this feature extensively and we didn’t find any hidden costs at the time of testing. Here’s a link to PayPal’s developer webpage where the business payments were announced. #…You can get in touch with PayPal’s support to get more information on the transaction fee and pricing. Guess this helps.

  12. John Peter

    @touchrite.com
    At the moment the 50 cent pricing option is available only for PayPal users in the US. Hoping this would be extended to the rest of the world very soon. We’ll keep you posted if there’s an update on this.@Bill
    Yes, if your tenant is paying from the balance on his PayPal account then it would cost you just 50 cents.@brakai295
    We’ve tested this feature extensively and we didn’t find any hidden costs at the time of testing. Here’s a link to PayPal’s developer webpage where the business payments were announced. #…You can get in touch with PayPal’s support to get more information on the transaction fee and pricing. Guess this helps.

  13. brakai295

    You are announcing this and there is no information on this Business payment thing anywhere else on the web. You shouldn’t do this without referencing a page where we can find all the details. Paypal usually has hidden fees and I wouldn’t be surprised if it’s the case this time too. 🙁

  14. brakai295

    You are announcing this and there is no information on this Business payment thing anywhere else on the web. You shouldn’t do this without referencing a page where we can find all the details. Paypal usually has hidden fees and I wouldn’t be surprised if it’s the case this time too. 🙁

  15. Bill

    If I want to invoice rentals where typical tenant pays and average monthly amount $of 900, is the total cost $.50 per transaction for me?

  16. Bill

    If I want to invoice rentals where typical tenant pays and average monthly amount $of 900, is the total cost $.50 per transaction for me?

  17. touchrite.com

    does this apply to planet earth earth as well or just planet USA?

  18. touchrite.com

    does this apply to planet earth earth as well or just planet USA?