A Look At PayPal Account Features and Options

A PayPal account is beneficial if you're looking to buy or sell items online.  There are a few different types of accounts available. Understanding the features and differences will let you decide which one is right. For individuals who want to run an internet business selling products or services or running auctions, you'll either have to contact a reputable merchant account provider like Canada Card Processing, who provides merchant accounts in Canada. Click here for more details.

First of all, before you pick an account, it's helpful to understand how the PayPal system works. It's most often used like a credit card when buyers make a purchase. A card is sent to the new account holder and has a Mastercard logo on the front like other credit cards. For sellers and buyers an email is needed to log in and complete payments or check balances.

 The basic, premier, merchant account, and student option. Each account listed here includes an overview of features.

Basic Account 

* For the average person who uses online auction sites occasionally or who receives payment for services from an online company
* 24 hour customer service
* eBay tools
* limited merchant and debit functions
* single user only


Premier Account 

* Ideal for the person who occasionally sells items online, the frequent online auction buyer, or the individual who works mostly online and receives funds transferred to the account on a regular basis
* 24 hours customer support
 * eBay tools, accepts debit or credit cards
 * merchant services
* full function debit card
* single user only

Merchant Account 

* For the frequent seller or business that plans on doing high volume of online sales on an auction site or through an online catalog.

* 24 hour support
* eBay and full merchant tools
* accepts credit and debit cards
* merchant services
* multiple users

Student Account 

* Designed for the college student who may be involved in selling and buying occasionally * limited merchant services
* 24 hour support
 * accepts credit and debit cards
* full debit features
* single user only

A PayPal account offers additional benefits.  The dispute resolution program gives buyers and sellers a way to work out a dispute without having to take legal action. There's also a buyer protection program that allows buyers to send merchandise back if not satisfied to get a refund of payment. If you would like more related information about merchant account, then you can visit the website of wikipedia.

The merchant account is necessary for those who employ staff or family members to list items on auctions or who have internet stores. It allows all employees who handle transactions to monitor payments and to know when shipments have to be prepared. Anyone who uses the internet to help make purchases or auction items can usually benefit from a PayPal account which processes transactions smoothly and charges fees at or below those of other processing companies. For more details, click here.