Experience the difference of "Elite".

PayPal

JTVRs
Jun 9, 2019 9:19 AM
Joined Jun, 2018 385 posts

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
Jun 10, 2019 3:48 PM
Joined Jun, 2016 1005 posts

yes. Using regular paypal account.

JTVRs
Jun 10, 2019 5:40 PM
Joined Jun, 2018 385 posts

do you find much demand or preference for it?

BlueMtnCabins
Jun 10, 2019 8:32 PM
Joined Jun, 2016 1005 posts

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

Paul W
Jun 11, 2019 5:26 PM
OR Team Member Joined Jun, 2009 712 posts

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
Jun 11, 2019 6:11 PM
Joined Jun, 2018 385 posts

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
Jun 13, 2019 9:07 AM
OR Team Member Joined Jun, 2009 712 posts

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
Jun 13, 2019 11:43 AM
Joined Jun, 2018 385 posts

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.