Is Paypal essential for IM?

47 replies
Genuine question.
I am new to the IM world and desperate to make a few bob on the side from my current business which is e-commerce.

I use paypal for my business which is mainly on ebay therefore my question is doing i need to do use paypal to be a serious IM'er?

I only ask this becuase A- i wish to keep my ebay/life business seperate and therefore not linking IM pp stuff to the business and B- I have had several problems in the past with paypal and cannot afford my main pp to go down incase of future problems with IM (i know how the *******s at PP work!!)

any advice or tips or methods, let me know,

thank you all!!
#essential #paypal
  • Profile picture of the author ReleaseifyJim
    Try out Stripe. By far the most awesome payment processor out there. We put 500k+ a year through them without ANY issues.

    We moved from PayPal.
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  • Profile picture of the author edpudol1973
    Well it depends on who you are dealing with, if your main target are online marketers Paypal is essential because most of them preferred paypal.

    If not, I suggest better used other payment options. Paypal charge is very high and to avoid some stressful issues in paypal.
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  • Profile picture of the author ZedyDiamond
    I never had issues with PayPal, however a lot of my friends did.
    Also the fees are very high, and don't forget dealing with the chargebacks..
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    • Profile picture of the author AffiliateWaves
      Paypal is most popular payment option ,and supported by many networks so it is essential part of IM .

      However i also have issues with Paypal and try to avoid it most times
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  • Profile picture of the author Ripster
    PayPal isn't essential to IM but it plays a big role in it. It depends on what you are trying to do.

    If you are selling E-books on a website, there are alternatives to PayPal. But if you are selling a domain name, most people exchange using PayPal.
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  • Profile picture of the author malcsimm
    People love to pay with PayPal. Why deny them that route to giving you money if you can allow it?

    If you can, permit payment by PP: it will pay!

    Malc
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  • Profile picture of the author Kate Smith
    As much as it pains me to say this, for the IM niche PayPal is the way to go. I don't like the way PayPal and eBay handle support issues, but you will get many more sales in the IM niche by using PayPal.

    I am hoping for a major competitor in the near future to take over.

    Kate
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  • Profile picture of the author Istvan Horvath
    A completely wrong question (again)

    IM is every kind of marketing - including your eBay store (and life business; whatever a "life bisiness" might be...) - that happens on the interweb

    If you promote/sell/ anything using the web - it is internet marketing; i.e. you are doing some kind of marketing activity online... on the internet.

    Unfortunately, a lot of people - wrongly - think that internet marketing equals the stupid MMO niche [MMO = Make Money Online, where most of the time the blind leads the blind or self-appointed gurus sell the dream to brainless newbies].

    And to answer your question: to do real internet marketing you can live forever without Paypal. To sell in the MMO niche - you better get an account: this market loves PP (even if they complain about it every single day)
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  • Profile picture of the author samkadya
    Originally Posted by londonwar View Post

    Genuine question.
    I am new to the IM world and desperate to make a few bob on the side from my current business which is e-commerce.

    I use paypal for my business which is mainly on ebay therefore my question is doing i need to do use paypal to be a serious IM'er?

    I only ask this becuase A- i wish to keep my ebay/life business seperate and therefore not linking IM pp stuff to the business and B- I have had several problems in the past with paypal and cannot afford my main pp to go down incase of future problems with IM (i know how the *******s at PP work!!)

    any advice or tips or methods, let me know,

    thank you all!!
    Most people trust paypal and trust matters when selling items on the net. Maintain paypal and go for the others after thorough market research.
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  • Profile picture of the author jasondinner
    It really all depends on what you want to do.

    But you don't absolutely need Paypal.
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  • Profile picture of the author actionplanbiz
    found this in Ryan Shaws warroom post on IM Resources- http://www.warriorforum.com/war-room...de-2014-a.html

    BILLING TOOL
    Product / Resource Name: Freshbooks
    Description: The fastest way to invoice clients, track time & run your small business in the cloud.
    Web Address: http://www.freshbooks.com/
    Product / Resource Name: CurdBee
    Description: One billing software for small business and freelancers to simplify your invoicing needs. Send professional invoices online and get paid.
    Web Address: http://curdbee.com/
    Product / Resource Name: XS Invoicing
    Description: A simple yet extremely comprehensive Invoicing package
    Web Address: http://www.development-x.com/xsinvoicing.html
    Product / Resource Name: 2Checkout
    Description: An online payment processing service that helps you accept all major credit cards, debit cards, Paypal and more.
    Web Address: https://www.2checkout.com/
    Product / Resource Name: Paypal
    Description: Paypa is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.
    Web Address: https://www.paypal.com/ph/webapps/mpp/home
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  • Profile picture of the author brutecky
    You could use Stripe if you sell products or services. But for myself I couldnt do business without PayPal.
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  • Profile picture of the author bloggerd
    For me personally paypal is big part of my business while saying that there are other methods that you can use to replace it but im happy with paypal its easy to use and dose the job it needs to
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  • Profile picture of the author absolutelee
    How about more than one PP account? If you're married and don't want PP to associate this with you, put it in your wife's name. Or put it in a corporation.
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  • Profile picture of the author johnben1444
    You can't do without PayPal if you want to do full IM except if you plan on leaving money on the table.

    Paypal allows up to 2, 3 different accounts and if you want to use one account simply create different emails for each business.

    If payment is made to any of the emails only the actual email the payment was sent to gets a notification of payment but it shows up in your account viewable by logging in with any email, I guess you know this too then transfer the money.

    It's not a bad idea to have different payment options on your site.
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    • Profile picture of the author Eric Lovelace
      You should have Paypal as a part of your overall payment processor because everyone and their mother has used paypal at least once, but you don't always want to have all your eggs in one basket. Here are some great alternatives:

      Google Wallet: Formerly Google Checkout has great features

      We Pay:Stellar Customer service and fraud protection. Also has the ability to have your customer to pay directly on your site via a virtual terminal. Making you stand out as a SUPERB storefront.

      Click2Sell, Authorize.net, and many more.

      It is all based on providing the best payment alternatives for your customer and service. Because with that your sales will follow.

      Eric
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  • Profile picture of the author vishwa
    PayPal is widely used payment processor and I think that it is definitely a essential but not the mandatory for IM.
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  • Profile picture of the author davidsotto1810
    Unfortunately, paypal is the most favored method of paying and receiving online. Doing full fledged online business without it is almost impossible.
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  • Profile picture of the author dileepptdr
    yes we may say Paypal is essential for IM . it is the most favored method of online payments.
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  • Profile picture of the author Bill Jeffels
    Yes, there are other options than Paypal. And you can do business without Paypal.

    But, Paypal is so widely recognized and some people feel very safe using that system.

    Knowing that if there is any problems there are some safety nets for both parties to come to a resolution.


    Bill


    .
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  • Profile picture of the author Corey Geer
    I would honestly be too scared to sell any kind of products via PayPal in the IM niche.

    The IM niche is notorious for serial refunders or charge back whores. When you're selling digital products, you can always fight the refund and win because it's a non-tangible item, but the problem is you'll have a high refund rate.

    If you get to around a higher than 3% refund or dispute rate, they'll lock your account and want to know every little detail about your business.

    Then, some minimum wage employee who probably doesn't care enough to read everything you wrote or uploaded into the case will either hit unlock or shut down your account. In that event, they'll hold your money for 6 months (for whatever reason) and permanently ban you from the site.

    However, if that situation ever arises.. don't contact customer support, it's mostly minimum wage workers who could care less and are just reading from a script.

    There are tons of alternatives out there, but the problem is getting people to use them after they have years of experience and trust PayPal.
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    • Profile picture of the author malcsimm
      Originally Posted by Corey Geer View Post

      I would honestly be too scared to sell any kind of products via PayPal in the IM niche.

      The IM niche is notorious for serial refunders or charge back whores. When you're selling digital products, you can always fight the refund and win because it's a non-tangible item, but the problem is you'll have a high refund rate.

      If you get to around a higher than 3% refund or dispute rate, they'll lock your account and want to know every little detail about your business.

      Then, some minimum wage employee who probably doesn't care enough to read everything you wrote or uploaded into the case will either hit unlock or shut down your account. In that event, they'll hold your money for 6 months (for whatever reason) and permanently ban you from the site.

      However, if that situation ever arises.. don't contact customer support, it's mostly minimum wage workers who could care less and are just reading from a script.

      There are tons of alternatives out there, but the problem is getting people to use them after they have years of experience and trust PayPal.
      3% refund all disputes rate sounds a little low, Corey! Maybe a 3% complaint or chargeback rate they'd be upset: but 3% refund rate?

      On ClickBank that would be a miraculous launch in the IM niche!

      Sure, stories abound of people having their PayPal accounts frozen and this has screwed up many a product launch.

      But you have to be canny - because many people simply like paying by PayPal.

      So if you do have a product launch of some sort. Then, first of all, try and do a test run – maybe to a friends list – to see what the refund rate is and if it's too high, tweak the launch.

      Secondly, I would never do launch without having at least one backup PayPal account so I can switch to it. If PayPal block the account during a launch.

      Thirdly, I would do what a lot of people don't do, and phone up PayPal to let them know that there will be a lot of money going through the account on launch day and for a few days afterwards. They do make a note of this and while it's not foolproof, it will lessen the chances of them panicking because of something they don't know about.

      As another poster commented, everybody carps about PayPal – but people like paying with PayPal!

      Embrace it

      Incidentally, in my herbal medicine business. We started taking PayPal two years ago and it's been fantastic for business.

      Malc
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      • Profile picture of the author 52.ct
        There are a lot people in this thread who take it as gospel that you must have Paypal.com.
        Try testing for yourself. Rotate between Paypal.com and one of their competitors. This is the only way to know for sure.

        I, personally dislike some aspects about Paypal.com.
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  • Profile picture of the author drr
    Depends on your target market. In the IM world for example Paypal is rather standard. In other niches it's viewed with a little skepticism.

    Paypal may not be vital in itself to success, but a way to accept credit cards is pretty much a prerequisite to business success now days.
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  • Profile picture of the author KevinChapman
    I personally wouldn't want to be in IM without Paypal, it just makes everything so much simpler.
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  • Profile picture of the author alanski2
    Londonwar, like you I have a mixed business: online and off. Most of the online business has been through freelancing sites, which have taken care of the billing, but I'm starting to expand to do direct Internet marketing myself. But as I said, I also have local and regional clients, many of them businesses. Because I do B2B services, I preferred to go with authorize.net and am combining it with a free (for now) invoicing system, Fetchflow.

    They sum up the advantages of Authorize.net vs. Paypal on their blog, http://www.fetchflow.com/blog/authorize-net-invoicing:

    It allows you to branch out beyond just PayPal, into both credit and debit cards, as well as electronic checks. Plus, if you have a brick and mortar store, you can sync all of your financials together, storing all of your sales, profits, and customer information in one secure place.
    It makes professional looking invoices, including invoices I can send by post. Also, many of my business clients don't do PayPal.

    But, I guess it depends on what you're selling. Doing mainly B2B, I really wanted to go with Authorize.net. If you're selling B2C, I agree with others that PayPal is fine.
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    • Profile picture of the author owen2012
      I see paypal as a huge part of doing business online, however it doesn't have to be. There are other checkout services.
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  • Profile picture of the author shadeofinfo
    I don't believe that Paypal is essential for the IM business. It does play an important role because alot of Imers and customers use paypal for alot of things. Guess it kinda depends on what you're intending to sell as well.
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  • Profile picture of the author seobro
    Think of fiver that charges a small $5 fee and where would they be with out pay pal? It is almost essential, but you can create kindle e-books using amazon. Also, you can sell your physical products through amazon. This is probably an option for you. This is actually quite easy. OK so another option is Google checkout, but they are even worse.
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    • Hi

      In our view PayPal is to IM

      As Google is Internet.

      They already have the positioning to make you need them

      Regards

      Bronwyn and Keith
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  • Profile picture of the author RyanGueterbock
    If this question is specific for warrior forum then I would say a resounding YES. The IM niche in general is dominated by paypal as the payment processor of choice. Outside of IM paypal still has a trust, and convenience factor rivaled by few. Does it have issues? OH YEAH. But most of those issues are burdens upon the sellers, not the buyers.
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  • Profile picture of the author XGooooogle
    Paypal in not only the one of payment processor in IM, Paypal just make you a little easier..

    focus on your busines and use paypal as you need as payment processor..
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  • Profile picture of the author Bailey Ing
    Hey Londonwar,

    I had the same dilemma as you last year.

    If you are selling info products this may help:

    What I did was put a product on Clickbank. Clickbank accepts Paypal or credit cards from the customer.

    Clickbank pays you directly so you have the best of both worlds - accept Paypal for customer's convenience but you don't need to mess with Paypal yourself.

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    • Profile picture of the author christophercuna
      Paypal is essential for me.

      I mean, I hate the fees it has. But it's really easy to obtain my money, considering I'm in a third world country.
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  • Profile picture of the author affguy89
    Paypal has been good to me. There are other payment processors out there though.
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  • Profile picture of the author bluebrain
    You can have 2 Paypal accounts: one personal and one for your company.
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  • Profile picture of the author sbucciarel
    Banned
    You can use other payment options, but you might find that you lose some customers. In IM particularly, Paypal is probably the most popular form of payment for both buyers and sellers.
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  • Profile picture of the author johnchloee
    Generally, Online payment processing means money transaction which will occur in between the shopper and merchant through online. In these days, Online transaction will become more popular and also easy.



    gspay
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  • Profile picture of the author TimothyTorrents
    You don't really NEED Paypal. But, most people use Paypal, and if you don't accept Paypal, you won't be able to make as much.
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  • Profile picture of the author Leon Zykos
    I just use paypal for all my internet marketing needs.
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  • Profile picture of the author vishwa
    PayPal is widely used and accepted payment processor. Hence it is quiet popular.
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  • Profile picture of the author talfighel
    I have always used PayPal for years now and had no issues so it would be weird for me to try other companies.

    Many people who buy from you know and trust Paypal and would be very suspicious if you try to give them other options to pay you.
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  • Profile picture of the author bradhog
    Paypal is essential for online markerters. There are many billing solutions for small and large businesses at very low cost like ARR billing software, MRR billing software, Saas billing software.
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  • Profile picture of the author magnificent
    You don't have to own a paypal account, but it's better. You may try Stripe, it's very famous in these days.
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  • Profile picture of the author kaibril
    I must say yes. I had been using it since I began venturing the online money making world. I had no problems with it. Many already are using Paypal for online transactions. It is very important to have one.
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  • Profile picture of the author dayus444
    I think the most important thing is using a payment processor that is able to accept credit cards and paypal, and i think 2checkout and stripe are able to do that. Correct me if am wrong please.
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  • Profile picture of the author ryanbiddulph
    No but it sure doesn't hurt lol....easy and quick
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