PayPal Adds Various Features for Smaller Businesses

One of the most popular e-banking financial providers PayPal is enabling small businesses to accept PayPal payments, credit and debit cards, and digital wallets. Small businesses will also be able to accept payments with Apple Pay with the ability to save payments with PayPal Vault.

PayPal and Small Businesses

The PayPal group has added a new feature to its complete payment solution specifically for small businesses. The solution will allow these smaller platforms to accept a wider portfolio of payments. These will include PayPal, Venmo, and PayPal Pay Later methods.

The notion of giving customers more choices is widely sought after in the fintech industry. Small businesses will be able to process cards, and website payments, and customize checkouts to match their brand.

Four New Features

PayPal is also allowing smaller businesses to access four new features. These options will include Apple Pay as a checkout option. Additionally, there will also be an ability for customers to save payments with the PayPal vault for faster future checkouts.

Also, a real-time updater will be introduced to help customers manage their payment methods. All of these features will allow users to keep their businesses up to date and access IC++ pricing.

PayPal’s VP, Nitin Prabhu, has said: “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.”

They also added that with this complete payment solution, small businesses can get access to all of these features and tools with one integration.