How to use PayPal to receive money in 2021 when I build my own independent website for foreign trade?PayPal is one of the payment methods supported by WooCommerce by default, and in this article Milkman Build Notes will introduce you toHow to register for a PayPal accountand how to set it up as a website collection method.
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PayPal introduction, what is PayPal?
PayPal, a global payment platform, is headquartered in San Jose, California, USA. Since its inception in 1998, it has 280 million active users in more than 200 countries or regions around the world, supporting multiple payment methods, supporting users to receive payments in more than 100 currencies, withdrawing funds to their bank accounts in 56 currencies, and having balances in 25 different currencies in their PayPal accounts.
When you pay with PayPal, you only need to enter your PayPal account number and password to complete the checkout. Your personal and financial information is securely encrypted and never leaked to the seller, ensuring the safety of your money and information. In addition, you can enjoy buyer protection and return shipping reimbursement if your transaction qualifies. Many e-commerce websites have access to PayPal payments, such as the more familiar e-commerce platforms: ebay, Etsy, AliExpress, bonanza, DaWanda, Storenvy, etc.
Why do buyers love to use PayPal?
Global Shopping
With PayPal, you can pay for your purchases with Visa, MasterCard, UnionPay and your PayPal account balance to millions of sellers worldwide.
One Click Payment
With PayPal One TouchM enabled, you can keep your PayPal account logged in on the same device and in the same browser, eliminating the need to enter your username and password again during checkout.
Easy to use
The PayPal online payment system is simple and easy to use, with an email address and password, you can complete the checkout.
Buyer's Guarantee
If a purchase is not delivered, or if the item does not match the seller's description significantly, PayPal will reimburse you for your losses as long as the conditions are met.
Free shipping on returns
If you're not satisfied with your online purchase or change your mind and need to return it, PayPal offers a monthly return shipping reimbursement of a certain amount.
Bank Points
You can manage all your credit and debit cards centrally in your PayPal account, whenever you choose. And, you can earn miles, points or card credits as usual.
Sell with PayPal
Faster, safer and more convenient, loved by sellers worldwide
PayPal supports a variety of payment methods and has services all over the world. Using PayPal will help increase business sales and is therefore popular among sellers worldwide. In addition to being easy to set up and use, PayPal also offers comprehensive security and safety measures. Even better, buyers shopping on mobile devices can enjoy the optimized PayPal mobile checkout interface, so you don't need to make additional integrations.
Why do sellers love to use PayPal?
A globally trusted payment method
PayPal is used by more than 200 countries and over 200 million active users worldwide.
One account, easy to manage
PayPal provides centralized access and management of all your sales payments, with balances in 25 different currencies at the same time.
Fast payment collection
Receiving money through PayPal, the money usually arrives within minutes, speeding up the capital turnover and quick return of funds.
Express RMB Withdrawal Service
Four steps to withdraw cash, as fast as two days to the account! The exchange rate is settled according to the official exchange rate of the Bank of China, and is not subject to the $50,000 annual personal settlement limit.
Seller's Guarantee
The Seller Protection Plan helps sellers reduce losses from fraudulent transactions, and eligible transactions are covered by full compensation.
Simple and transparent rates
There are no monthly fees, no account opening fees and no account cancellation fees. Only the completion of a transaction will result in a fee.
PayPal registration tutorial
Some information about PayPal was introduced in detail earlier, so let's start registering a PayPal account next.
1、First, click the button below to enter the registration page.
2. Click the Register button in the upper right corner of the page.
3. In the registration interface, you can choose either a personal account or a corporate account.
To register for a PayPal personal account, you must use your ID card and use the Chinese name on the document, not Pinyin. For non-Chinese citizens, please use your passport and the relevant information on your passport.
Sign up for a PayPal corporate account to receive payments worldwide with one account. Support 25 currencies to receive payments and enjoy PayPal seller protection. To register, you need to provide.
- Enterprise owner information (need to be consistent with the legal representative information on the business license)
- Scanned copy of business license
- Legal representative's identity certificate
Note: If your commercial name is not the same as your business registered name, we provide a commercial name field for you to use and modify, the business registered name cannot be modified after submission.
4、Select the purpose and channel of PayPal registration
5、Enter the registered email
6、Enter the password
7、Fill in the company information
8、Describe the company information
9、Fill in the corporate information
10、Registration completed
Here, our corporate PayPal account is registered, but it doesn't end there.
11、Verify the identity
You will receive several emails from PayPal in your registered email address, you need to fill in some tax information and verification, just follow the email prompts and click the link to fill in the operation.
You must verify your identity before the function can be fully used. The materials you must upload to register for a PP China business account are: Business license (photo) + ID card front and back of legal representative (photo) in mainland China
+Address proof also using the front and back of the legal representative's ID card (photo)
After uploading the verification information, it will take a few days to review, just wait during this period.
The above steps are the latest and complete PayPal registration tutorial in 2021, and next Milkman gives you an overview of how to set up your website to use PayPal to receive payments.
WooCommerce connects to PayPal to receive payments
Follow the aboveTutorial to sign up for a PayPal accountAnd once it is approved, we can configure PayPal to receive payments on our website.
1. Log in to PayPal's official website, see the image below, and click Go to Merchant Settings.
2、Set up online payment
3. Process all payments through PayPal on your website.
4. Choose to use an eCommerce solution that has been integrated with PayPal, and then click to follow their integration guidelines.
5, click the WordPress icon to view the WordPress website settings WooCommerce and PayPal tutorial, too much trouble directly click the following URL.
https://www.paypal.com/c2/webapps/mpp/integrating-wordpress
Go to the WordPress backend and select WooCommerce > Settings > Payments on the left
After you install the plugin according to the official tutorial, enter the payment settings of WooCommerce, you can see that there are two PayPals, PayPal Standard is the one that comes with WooCommerce after installation, and PayPal Checkout is the official recommended one that we installed, both of them can be used, you can choose which one you feel comfortable using. You can choose which one you feel comfortable using.
6, set up the API, click Setup or link an existing PayPal account
7. Enter your PayPal account number and country, then next. (If you are already registered, you will be prompted to sign in after clicking.)
8. Agree and connect.
9. Return to WooCommerce Developers.
10. Click the button to confirm that it is your website.
11、Set up is finished, you can test the payment at the front desk.
Once this is set up, you will see the PayPal button on the front of the website. You can follow the whole process and test it yourself. Of course, you can also choose to use the sandbox (choose Sandbox at Environment) mode to test it in the PayPal payment plugin settings.
Here we have formally completed the registration of PayPal and the docking with WooCommerce, and realized the use of PayPal to collect money for foreign trade websites.
PayPal Frequently Asked Questions
PayPal rates
PayPal cross-border collection transaction fees are only payable upon successful completion of a transaction, and the higher the monthly sales, the lower the rate to be paid.
If you have monthly sales of $3,000 or more and maintain a good account history, you can apply for a special merchant rate. You only need to apply once, and the applicable rate will be automatically adjusted each month based on your receipts, effective the following month.
Website Collections, Email Collections and Billing Collections*
Monthly Sales (USD) |
Rates |
|
---|---|---|
Standard rates | 3,000 and below | 4.4% + $0.30** |
Preferential rates | 3,000 – 10,000 | 3.9% + $0.30** |
10,000 – 100,000 | 3.7% + $0.30** | |
100,000 or more | 3.4% + $0.30** |
*The applicable rates for eBay collections are the same as those listed in the table.
** Fixed Fee: $0.30 when receiving in USD
Withdrawal fee
You can conveniently withdraw to a bank account in China or choose another withdrawal option. We may deduct a fee from your withdrawal amount.
Withdrawal method |
Currency of payment |
Handling fee |
---|---|---|
Wire transfer to a bank account in mainland China | USD | 35 USD per transaction |
Withdraw funds to a bank account in Hong Kong, China | Hong Kong Dollars | Withdrawal of HKD1,000 and above, free of chargeWithdrawal up to HKD1,000, HKD3.50 per withdrawal |
Withdraw funds to a bank account in the United States | USD | 35 USD per transaction |
Withdrawal by check | USD | 5 USD per transaction |
Other issues
Q: Can one PayPal be set up to receive payments to multiple websites?
A: Yes, but it is not recommended to use one account for more than one website.
Q: How long does it take to review the information?
A: Regular KYC audit 48 hours (according to the required documents)
Q: How do I manually apply for the PayPal API?
A: Login to PayPal website and then gear icon in the upper right corner > Account Settings > API Access > NVP/SOAP API Integration (Classic version) > Manage API Credentials > Create API
Q: What should I do if my PayPal account is restricted?
A: Restricted means that the risk control takes management measures on the account and requires the user to provide corresponding audit materials. It is recommended to contact PayPal official customer service or check the official email in the PayPal mailbox to provide audit materials.
Q: Why can't I transfer money to my PayPal account?
A: China mainland PayPal accounts cannot transfer money to China PayPal mainland accounts
Still have questions? Feel free to leave a comment to exchange.
I don't know why there is no option for China in my connection account
You can consult their customer service. There may be a new change in policy from the time I registered.
1 - Merchant account registration requires a bunch of materials for proof of address, and 2 - Personal/merchant account withdrawal methods. Can these 2 points be added? Especially the merchant account withdrawal, our company opened a corporate account, but did not open the import and export area, the company account of the bank counterpart said the account may not be able to accept paypal merchant account withdrawal transfer.
The address proof of the corporate account can be uploaded using the front and back of the ID card of the legal representative, do not use PDF file format and the size should not exceed 5MB; the personal PP account can be added using the bank card of the account holder / the corporate account can be added to the basic account of the enterprise for withdrawal; the added basic account of the enterprise to the PP account for withdrawal, if the withdrawal bank needs to account for the details of the receipt, it can be in the PP account If the withdrawing bank needs to account for the receipt details, it can provide the receipt records in the PP account for audit. Different commercial banks have different requirements, so it is advisable to consult the policy of the issuing bank of the bank account before adding it.
Hi, is there any difference between a personal account and a corporate account for a standalone site?
The personal account is certainly not as formal as the corporate account, and there are some aspects of use that correspond to different permissions. wp can still use the personal account to receive money.