Using Pay. Pal for Your Online Business Advantages and Disadvantages. A merger between X. Com and Confinity in March 2. Learn Web Design Development with SitePoint tutorials, courses and books HTML5, CSS3, JavaScript, PHP, mobile app development, Responsive Web Design. Collection of BEST simple wordpress themes of 2017 with all trendy and modern features needed for creating PRO website TOP clean minimal designs. Merchant account alternative. Simple Pricing without complicated merchant account statements, complex hidden fees. For Occasional sellers, auction sellers. Pay. Pal as we know it today. Based in the United States of America, it is a global e commerce business which allows for money transfers and payments to be made through the internet. Basically, it serves as an acquirer an institution to process debit and credit card payments for services and products and processes payments for online vendors, auction sites and for many other commercial users for a small usage fee. The fee it charges usually depends on the payment options that are utilized, the currencies in question, the amount of money in the transaction and the country involved. In Oct 2. 00. 2, Pay. Pal, which had focused on expanding its services among e. Bay users, was acquired by e. JgGdD-tZW4/sddefault.jpg#404_is_fine' alt='Wordpress Simple Paypal Shopping Cart Digital S' title='Wordpress Simple Paypal Shopping Cart Digital S' />Bay for just under 1. Is it an Online BankThough it seems to offer all the services of a bank, Pay. Pal is not a bank. Though the company is subject to many of the rules and regulations which govern financial institutions in USA, it has not been classified as a bank. Every bank engages in what is called as fractional reserve banking wherein they maintain only a fraction of the deposits made by customers. The rest is lent out. Pay. Pal, on the other hand, has all its deposits in commercial interest bearing checking accounts and does not disburse any of it. However, Pay. Pal in Europe, has been regulated just like a bank by the CSSF Commission de Surveillance du Secteur Financier and it offers service through the European Union. Features A working knowledge of the features and services provided by Pay. Pal is a must to appreciate the advantages and disadvantages of this system of financial transactions. With more than 2. Pay. Pal permits the customers to send, hold and receive funds in 2. In 2. 00. 9, Pay. Pal launched a Students Account for teens stating its aim to provide tools to teens for educating them on spending money wisely. Parents can set up this account and transfer money into it, giving their teens a debit card. Pay. Pal makes it possible even for individuals to begin commerce and businesses with worldwide reach, playing as a third party for secure and easy transactions. It provides all its merchants with the flaws in their webstores so that they are better protected against malicious shoppers who attempt to shop for free from their stores. The Advantages. The popularity of Pay. Pal has largely been due to the ease and security that it provides. It has grown into a company with excess of 2. There are many advantages of using Pay. Pal for both, the seller and the customer. They are listed below. Ease of set up The easy set up and customization options that Pay. Pal provides are really elegant. The price options for the vendors are fully customizable, the add cart and view cart options and buttons are available and they can also be made by the user. These customization options require nothing more than a simple copy and paste of existing codes. Within minutes, one could be up and selling online, worldwide Brand name and recognition Customers are still hesitant when it comes to payment over the internet because they are not able to see their cash moving and being accepted. The brand name that Pay. Pal has boosts customer confidence. Also, Pay. Pal ensures that the webstore and vendor never get the credit card and bank account details of the customer. This adds to the trust. Pricing policy. Most of the internet payment services sustain themselves through monthly or regular payments by the customers. In Pay. Pal, you pay only when you sell. In this way, you are protected against the risk of having to pay service fees though you are not having sales. It is almost as if Pay. Pal is you pal in good times and not so good times Huge potential customer base To state it in simple terms, when you make use of Pay. Wordpress Simple Paypal Shopping Cart Digital S' title='Wordpress Simple Paypal Shopping Cart Digital S' />Wix vs WordPress See the pros cons of each website builder which one is best for you. Read our comparisons on ease of use, support, pricing more. The WordPress Simple Paypal Shopping Cart is a very easy to use plugin that allows you to sell products or. URL. Its More Than a Shopping Cart. Its The Freedom To Do What You Want With Your Marketing. Pal, every user on the internet becomes a potential customer. Every buyer is being targeted irrespective of whether heshe wants to use Pay. Pal or the credit card. The provision of an alternate method of payment makes it flexible and attractive for the buyers. Ease of execution For small time vendors and businesses, Pay. Pal is a real godsend. Integrating a payment gateway to be able to conduct business online is an expensive proposal and does not make financial sense to small businesses. What is the use of going online to earn more money if the payment gateway itself becomes such a costly affair Pay. Pal does not need much investment in terms of time, energy and money and it can facilitate easy financial transactions. There are no setup fees or monthly fees too. Multiple account options Depending on what you would like to use an account for, you can choose between a personal account, a student account or a business account. A single person can also own multiple accounts in multiple categories. Each of these accounts carry different privileges and have different rules. A personal account for instance has no transaction fees when it comes to transferring money between Pay. Pal users. 7. Ability to accept international payments and cards As stated earlier, Pay. Pal gives you the option of paying and accepting payment in 2. International payments often incur the currency conversion charges. For amounts up to 1. Pay. Pal charges only a nominal 3. The ability to accept and pay through credit cards and debit cards is also a great feature. Payments from one business account or premier account to another is completely free. The fee for transacting through credit and debit cards is also a nominal 3. Keeping track of transactions Pay. Pal will also double up as your sincere and honest accountant. You can access every inbound and outbound transaction with the click of a mouse. The account has been neatly organized into payments received, payments made, history and recent activity tabs which are very useful. You could select time periods of interest and download complete spreadsheet files which give you details of all transactions. If you want, you can even download more than a years worth of data and information. Integrating payments with e. Bay This is a natural advantage that could be expected since Pay. Pal has been acquired by e. Bay. Business and Premier accounts offer many tools for better integration with e. Bay. Thus, buying and selling on this giant site becomes much easier. There is also news that e. Bay will transact only through Pay. Pal. In such a situation, Pay. Pal becomes the only way to pay. Pay. Pal also provides for better merchant services too. Disadvantages Like every coin having two sides, Pay. Pal has its own set of disadvantages. These demerits do merit attention as some of them are real serious problems for some kinds of businesses. The demerits of Pay. Pal are listed below. The hidden fees Pay. Pal offers many services for free and others for nominal fees. The fees charged on non Pay. Lotus Notes 8.5 1 Fix Pack 4. Pal payments could turn out to be very expensive. Personal account holders have no transaction fees while making or receiving payments from other accounts but they have limits and restrictions on the amount of money being moved. While this restriction does not exist for business and premier accounts, they are charged transaction fees about 1. This becomes a big burden for small sellers on e. Bay and the likes. A huge percentage of the transaction is taken by Pay. Pal. This is really difficult to understand when Pay. Pal claims to help the small sellers. How To Start A Wordpress Blog On A Shopify Or Big. Commerce Store And Should It Be On A Subdomain Most people do things backwards when it comes to selling and making money online. For example, the other day a reader emailed me to complain that hed spent 3 months designing a beautiful website on Shopify but wasnt making any sales because of a lack of traffic. Heres the thing. Most people throw up an ecommerce store on Shopify or Big Commerce and pray that the customers will come. But the truth is that getting organic traffic to a brand new ecommerce store can be quite challenging early on. The easiest way to sell your goods is to first build an audience of loyal fans first. And the best way to establish this audience is with a blog. Not only can a blog position you as an authority within your niche but it will also attract free search engine traffic as well. And once youve established a following, the sales will start rolling in. For example, I recently posted my year end review on how My. Wife. Quit. Her. Job. I was happy to announce that my blog earned over 7. This year Im on track to make 7 figures. Note These numbers are for my blog alone and completely separate from my online store. Because I have established a decent sized fan base, Im able to sell my ecommerce course as well as relevant affiliate offers to my audience. In addition, Ive inadvertently made a name for myself in ecommerce in the process Blogging is an excellent way to Get your ideas out to the masses. Establish yourself as an authority Reach out to other experts and entpreneurs around you. Over the years, Ive also met hundreds of like minded bloggers and made a ton of new friends as well. Whether you are looking to establish yourself as an authority or if you want to attract potential customers for your ecommerce store, a blog is a must haveToday, Im going to show you how to start a standalone Word. Press blog as well as how to append a Word. Press blog onto an existing Shopify or Big. Commerce store. Im also going to discuss the pros and cons of having a blog in a subdirectory versus a separate folder. The Dilemma With Fully Hosted Shopping Carts. Its a well known fact that fully hosted shopping carts like Shopify or Big. Commerce make starting an online store a heck of a lot easier than trying to run your own server. But the problem with these 2 platforms is that they have very limited blogging platforms. Sure, if all you want to do is write basic no frills blog posts, then using their built in blog is fine. But if you want to run a fully featured website outside of your shop, you really need a more powerful solution like Word. Press. And herein lies the problem. Lets say you want to attach a Word. Press blog to your Shopify store. Right now, Shopify forces you to install your Word. Press blog on a separate subdomain. For example, if my store bumblebeelinens. Shopify and I wanted to add a Word. Press blog, I would have to install my Word. Press blog on blog. The Big Subdomain vs Subdirectory Debate Where Do You Install Your BlogThis has some serious SEO implications. For one thing, Google treats a subdomain like a completely separate entity from your main site. As a result, your subdomain Word. Press blog would not build any domain strength for your root domain. From an SEOsearch engine optimization standpoint, its better to install a Word. Press blog in a subdirectory as opposed to a subdomain, but unfortunately we cant do that with Shopify or Big Commerce. On the flip side, if you use Shopify or Big. Commerces native blogging platform, you would receive all of the SEO benefits of having a blog on the same domain as your shop but at the expense of a very limited platform. For a lot of people, this is a difficult decision to make. For me personally, I recommend that you install a Word. Press blog in a subdomain of your main shop. Heres why. Word. Press Is So Much More Flexible. Word. Press has thousands of plugins at your disposal that make running a fully featured website infinitely easier than the limited blogging functionality that Shopify or Big Commerce provides. For example, there are plugins available for EVERYTHING you can think of. Lets say you want to create a nice squeeze page to easily collect email addresses. Theres a plugin for that. Lets say you want to add a very specialized contact form for your site. Theres a plugin for that. Lets say you want to create a little membership site for your ecommerce store. Theres a plugin for that. In reality, Word. Press is much more than a blogging platform because there are so many add ons available that extend its functionality. Shopify and Big. Commerce are great for handling orders and transactions but lousy for everything else. The other reason I dont recommend running a blog on Shopify or Big. Commerce is because theres no way to migrate your blog off of their platform. In other words youre stuck. Unsurprisingly, Shopify offers a plugin that will migrate a Word. Press blog to Shopify but not the other way around. Go figure How to Add A Word. Press Blog to Shopify Or Big. Commerce. As I mentioned earlier, in order to install a Word. Press blog onto Shopify or Big Commerce, you will need to create a separate subdomain for your blog. In addition, youll need to sign up for a webhost to host your blog. Right now, I recommend Blue Host for this purpose. Most of you probably already know this, but I ran my online store on Blue Host for over 2 years and they were fantastic. And the best part is that they only cost 3. This is a special rate negotiated for My. Wife. Quit. Her. Job. The regular price is 7. Chances are in the beginning, you will not need anything more powerful than a shared host and Blue Host is an inexpensive and powerful solution. Below are detailed instructions on how to install a Word. Press blog onto an existing Shopify or Big. Commerce store using Blue Host as your webhost. Step 1 Sign Up For Webhosting. Instructions How To Sign Up. Go To The Blue Host Website. Click On The Get Started Now Button. Select A Plan. If youre just starting out, just go with the cheapest plan which will be fine until you reach about 1. Type In Your Domain. Note If you already have a domain for your ecommerce store, type in your exact same domain. For example, if my Shopify ecommerce store resides at bumblebeelinens. I would type in bumblebeelinens. If you plan on hosting your blog on a completely different domain, then Blue Host will give you a domain for free. Enter Your Account And Billing Information. Choose Your Hosting Package. Gta 3 Full Original Weapon. You will be given a choice of 1. The longer the time frame, the cheaper it will be. Make sure you unclick all the stuff you dont need. Trust me. You dont need Site. Lock Domain Security, Site Backup Pro or Search Engine Jumpstart. Click Next. You will receive a confirmation in your email. Step 2 Create A Subdomain For Your Blog. This step is only necessary if you plan on installing your Word. Press blog on a subdomain from your Shopify or Big. Commerce store. If you simply plan on installing a blog on a completely separate domain, then skip this step. Log in to your Blue Host account. Note You should have received an email with your user idpassword information. If you cant find the login link, Click Here. Click On The Domain Manager Button. Click On The Subdomains Button. Add A Blog Subdomain. In this example, Im adding the blog. Congrats You Added A Subdomain Grab The Subdomain IP Address. Because we are pointing blog. Blue. Host, we need to grab the ip address.