Press release
PayPal Adds New Features to Its Complete Payments Solution for Online Small Businesses
PayPal's online payment solution enables SMBs to accept PayPal payments, credit and debit cards, digital wallets and more. Beginning today, SMBs will also be
About this update from Paypal Holdings, Inc.
[{"type":"text","content":"PayPal's online payment solution enables SMBs to accept PayPal payments, credit and debit cards, digital wallets and more. Beginning today, SMBs will also be able to accept payments with Apple Pay®, allow their customers to save payment methods with the PayPal vault and keep their cards up to date with real-time account updater, as well as get access to features to help them run their business including interchange plus plus (IC++) pricing with gross settlement.\nSAN JOSE, Calif., April 4, 2023 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has added new features to its complete payments solution for small businesses. The solution enables small businesses to accept a range of payments including PayPal, Venmo and PayPal Pay Later products. Giving customers more choice in how they can pay can help drive checkout. Fifty-nine percent of respondents of a recent Ponemon Institute study said their customers frequently abandon their shopping cart when their preferred payment method is unavailable.1 PayPal's complete payments solution also enables small businesses to process card payments directly on their website, and customize the checkout experience to match the look and feel of their brand, all through a single integration.\nBeginning today, PayPal will also give small businesses access to four new features to help them drive payment acceptance and enhance how they run their business. This will include Apple Pay as a checkout option2, the ability for customers to save payment methods with the PayPal vault for faster future checkout, real-time account updater to help customers keep their payment methods up to date, and access to IC++ pricing.\n\"The retail landscape is constantly evolving and SMBs need access to a range of tools to help them drive sales, cut costs and protect themselves and their customers from fraud,\" said Nitin Prabhu, VP, Merchant Experiences and Payment Solutions, PayPal. \"With our complete payments solution, small businesses can get access to all of these tools with one integration.\"\nEnabling more payment choice to help drive checkout Small businesses that are leveraging PayPal's complete payments solution will now be able to accept Apple Pay alongside a variety of other popular payment options. Apple Pay offers their customers an easy, secure and private way to pay online and in-apps...