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Replies: 8 - Pages: 1 - Last Reply: Jun 13, 2019 11:43 AM by: JTVRs
JTVRs
Registered: 6/25/18
PayPal

Does anyone use PayPal as an additional payment method (I am a heavy "Pay with PayPal" user)? I just got approved from Lynnbrook.

I am trying to keep it simple in the beginning, but not sure if setting up a PayPal biz account adds much value in the beginning. I don't want any hard pulls on my credit if they do a background check. Already have several this year and I want to buy another property in winter...

BlueMtnCabins
Registered: 6/6/16
Re: PayPal

yes. Using regular paypal account.

JTVRs
Registered: 6/25/18
Re: PayPal

do you find much demand or preference for it?

BlueMtnCabins
Registered: 6/6/16
Re: PayPal

It happens a few times a year but not an overwhelming number of people use it. .

Paul W
Registered: 6/9/09
Re: PayPal

If your users are willing to use credit cards (your not in a market where that is difficult like some countries) then it's best not to use PayPal. We wrote up an article about that here:

https://www.ownerreservations.com/support/articles/paypal-versus-credit-card-processing

PayPal really offers not advantage and lots of disadvantages. The only advantage would be if you're trying to serve a rental market where CC's aren't common or people don't want to use them or it's a country that is hard to get underwritten for CC.

JTVRs
Registered: 6/25/18
Re: PayPal

It is more for the type of person who doesn't like to put their credit card details online and would prefer to just pay now with PayPal. I do that a lot, for small purchases. I can't use my personal PayPal oh, because I am using an LLC and that would be commingling funds and could ruin the limited liability

Paul W
Registered: 6/9/09
Re: PayPal

Yes, but if PayPal is not offered as an option, would you refuse to buy from that vendor rather than use a credit card? Unlikely, particularly with a vacation rental that you want that is available and covers the amenities you're looking for.

JTVRs
Registered: 6/25/18
Re: PayPal

It is very possible that the person who buys merchandise off a website has a different mindset than someone booking a hotel/vac rental.

I don't have experience in this yet, so I am just trying to get my arms around all the process steps that seem applicable.

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