Which Stores that Accept PayPal and Why Do They Use It?
By LitExtension
Introduction
Along with Shopify Payments or Shop Pay, PayPal is one of the most convenient ways to make online purchases. Albeit its popularity, not every virtue store add PayPal as their payment method. So, the big question is, where can I buy from stores that accept PayPal?
In this article, LitExtension — The World #1 Shopping Cart Migration Expert has compiled a list of stores that take PayPal to help you know more about where to shop. More than that, in the latter part of this article, we will also discuss several aspects of PayPal including its pricing and PayPal pros and cons.
Here’s everything that we will cover in the scope of this article:
- What is Pay Pal and how does PayPal work?
- What are PayPal fees and charges?
- Why do many stores accept PayPal?
- How to set up PayPal?
- How to create a PayPal account?
Without further ado, let’s get started.
Online Stores that Accept PayPal
If you are wondering “Who accepts PayPal” or “Where can I use PayPal”, you’ve come to the right place.
Here is a list of online stores that accept PayPal in different categories.
And here’s a list of stores that accept PayPal Credit.
Brick-and-mortar Stores that Accept PayPal
Being a financial behemoth, PayPal doesn’t limit itself to eCommerce only. This payment gateway is also available for physical stores. Let’s take a look at some well-known stores that accept PayPal.
What is PayPal?
PayPal is not just a simple e-wallet that allows users to send and receive money without any additional expense. It is a fertile ground for business online transactions. PayPal plays the role of a “courier” who securely transfers money between e-merchants and customers. Besides that, it also helps store owners manage their stores more efficiently.
PayPal was first introduced in December 1998. With over 20 years of experience, PayPal has made its way to being the top payment gateway that powered many online businesses. In the third quarter of 2021, PayPal has successfully transferred $310 billion for 49 billion payment transactions. The current number of PayPal users has surpassed 416 million people across the world.
In the latter part of this article, LitExtension will help you unveil the reasons why many stores accept PayPal and why e-merchants should use it. But for now, let’s take a look at the mechanism of this payment gateway and see how does PayPal work.
How Does PayPal Work?
For stores that accept PayPal, they trust this payment gateway to be their “middleman” between store owners and consumers. PayPal takes payments from buyers and sends them to sellers smoothly and securely.
With PayPal, there’s no need to fill in lengthy forms at the checkout page. Customers only have to provide their billing information once when registering PayPal. After that, every time they make a purchase using PayPal, customers can skip entering their card and shipping info and process straight to the checkout section.
PayPal creates a smooth and seamless checkout process for your customers. An accelerated checkout function might be a major decision that improves customers’ experience, boosts conversion rate, reduces abandoned carts, and thus increase sales volume.
PayPal Fees
Is PayPal free? Yes, it is. However, PayPal is only free for consumers. In other words, when customers make an online or in-store purchase, they will not be charged any additional PayPal fee.
Nevertheless, if they perform an international payment transaction, users will be charged a small sum of money depending on the PayPal currency conversion rate. This rate ranges from 2.5% to 4% based on your currency.
On another note, for stores that accept PayPal, e-merchants need to take heed of several PayPal fees. The first one is commercial transaction fees, the sum of money that PayPal charges for selling goods and services. Normally, store owners will need to pay an additional PayPal digital payment transaction fee of 3.49% plus 0.49 cents.
For example, a customer purchases a product for $100 in a US-based store using the PayPal checkout function. In this case, sellers will be charged a commercial transaction rate of 3.49% plus a $0.49 fixed fee. The total money that the store owner receives is 100 — (100 x 3.49%) — 0.49 = 96.02 (USD)
To get the detailed commercial transaction rates, please visit the PayPal for Merchants page for more information.
Besides the commercial transaction rates, PayPal will charge other additional fees, namely PayPal currency conversion, eCheque, Chargeback, Micropayments, and Credit/Debit card confirmation. These types of fees are not fixed. It depends largely on the store’s region and currency.
PayPal Review: Why Many Stores Accept PayPal?
Now that we have a quick overview of what is PayPal and how does PayPal work, let’s walk through a quick PayPal review to understand the reasons why many stores accept PayPal.
PayPal Ease of Use
When it comes to ease of use, PayPal could be the poster child for other payment providers. PayPal is extremely easy to set up and use. All you have to prepare is an email address and an eligible card to begin with.
Merchant-wise, PayPal doesn’t require a complicated verification process or any guarantee of your store’s revenue. If you are selling on any eCommerce platform, you can turn your websites into stores by installing the PayPal button. This processor allows customers from everywhere in the world to easily make the purchase in your store and let you collect payment quickly.
PayPal Pay in 4
“Buy Now, Pay Later” has become a burgeoning trend in the last few years. The total purchase using “Buy Now, Pay Later” will soon surpass $100 billion dollars in 2021, as reported by Forbes.
PayPal is not a latecomer in this “Buy Now Pay Later” trend. This financial behemoth provides an installment feature: the PayPal Pay in 4. As its name suggests, PayPal Pay in 4 splits customers’ purchases into four equal parts. Stores that accept PayPal Pay in 4 allow customers to partially pay for their purchase right at the checkout stage then finish their payment later.
A significant advantage of PayPal Pay in 4 is that it charges zero additional fees. This means PayPal installment requires no interest rate and no late fees. Opting for PayPal Pay in 4 also has zero impact on your credit score.
Nonetheless, please note that if you make late payments, you might be opt-out of the PayPal installment program in future purchases.
With that being said, the question is who accepts PayPal Pay in 4? If you are looking to shop at stores that accept PayPal Pay in 4, here are some trusted partners listed on PayPal websites.
- Retails: Best Buy, Target
- Clothing and Accessory: Aldo, Coach, Uniqlo
- Electronics: Sonos, Bose
Ways to Pay with PayPal
PayPal Cash card
PayPal Cash is a Mastercard debit card provided by PayPal. It allows customers to shop from everywhere, both online and in-store, using their PayPal balance. More importantly, by turning their PayPal balance into a physical card, PayPal Cash users can easily withdraw money in 32,000+ MoneyPass ATMs across the globe without any fee.
This card doesn’t require any credit check to register. Besides, there is no annual or monthly fees, or minimum balance requirement. As long as you have an active PayPal personal account and a confirmed street address, you are eligible to apply for a PayPal Cash card.
PayPal Credit card
Similar to other credit cards in the market, PayPal Credit allows users to buy now and pay over time with every order over $99. It requires no annual fee and no interest if paid in full in six months.
To apply for a PayPal Credit card, users must be at least 18 years old and have a PayPal account. A high credit score might be required to be eligible for this product.
You may wonder in what store can you use PayPal credit. Here is a list of stores that accept PayPal credit, both on their website and in their physical stores.
- Michael Kors
- Bose
- Crutchfield
- Overstock
- Dyson
- New Balance
- Ulta Beauty
- Sephora
PayPal digital currency
In October 2020, PayPal announced that users can now store, buy, and sell cryptocurrency in their PayPal account, starting from 2021. With that being said, the selection of cryptocurrency that PayPal supports is rather limited. Until now, this tech giant only provides support for crypto-transaction of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).
With PayPal digital currency, users can now checkout in millions of stores online using crypto. Please note that to checkout with PayPal digital currency, the store must accept cryptocurrency as an eligible type of payment.
In case you don’t know which stores that accept PayPal digital currency, here are some names you can checkout with cryptocurrency:
- Etsy
- Overstock
- Yum! Brand (Available in some regions only)
- Rakuten
- Starbucks (Available in some regions only)
- eBay
PayPal pros and cons
Is PayPal good for your business? Yes, it is. Nevertheless, there is still room for improvement. Let’s take a look at the table below to see how good PayPal is and which aspects need further research.
How to Create a PayPal Account?
Before starting to sell with PayPal, let’s first open a PayPal business account for your online store. The good news is, PayPal doesn’t require any sign-up fees or monthly expenses. All you need to do is provide some essential information in the registration form.
Here’s the step-by-step guide to help you create a PayPal account for your business.
1. Go to the PayPal website, click Sign up and choose Business Account
2. Enter your email address and create a login ID and password.
3. After reading PayPal’s user agreement and other policies, click Agree and Continue to proceed to the next step.
4. Now, PayPal will ask you to provide some information about you and your business for verification purposes.
5. After being successfully verified, PayPal will send an email to your provided address to confirm your information. After that, your account is ready to use.
How to Set Up PayPal?
PayPal is available for many eCommerce platforms, both hosted and open-source solutions. Therefore, whether you are selling on Shopify, Magento, or BigCommerce, you can easily set up PayPal as a payment processor.
However, please note that to start accepting payment, you need to link your bank account with your PayPal business. Here’s how to set up PayPal and link your card in a few minutes.
1. Log in to your PayPal business account using the registered ID and password.
2. In the menu bar, choose Pay & Get Paid. Then, select Banks & Cards under the Wallet section.
3. Next, in the Bank account section, click Link a bank
4. After that, fill in your bank information and click Agree and Link. Within two days, you will receive two test deposits sent by PayPal.
5. After that, please go back to the Banks and Cards section, choose your bank account, and click Confirm Now.
6. Finish the verification by entering the two test deposits you received earlier. Then, select Confirm your bank.
Now, your PayPal is ready to receive payments.
Still confusing? Here’s a visualization of how to set up PayPal business account.
Stores that Accept PayPal — FAQ
Is PayPal safe?
PayPal offers a high level of security. PayPal will encrypt every personal detail you share to avoid data leakage. Besides, PayPal enacts strict regulations to protect both sellers and buyers against fraud transactions.
Does PayPal convert currency automatically?
PayPal will automatically exchange your received payments into the currency of your bank. However, please note that PayPal does not offer a free currency converter. E-merchants will be charged a small sum of money for the PayPal currency conversion fee.
How much does PayPal charge to convert currency?
When using the PayPal currency converter, users will need to pay a base exchange rate (based on the wholesale currency market) plus an exchange rate (depending on the currency).
Does Walmart accept PayPal?
Walmart is one of many stores that accept PayPal as their payment method. Customers can purchase goods in Walmart and pay with PayPal, both online and in-store.
What are some online stores that accept e-checks without PayPal?
If you are looking for online stores that accept e-checks without PayPal, here are some suggestions: Walmart, eBay, Samsung, Amazon, Foot Locker,…
Final Words
To conclude, in this article, LitExtension — The #1 Shopping Cart Migration Expert has compiled a list of stores that accept PayPal, both online and brick-and-mortar. Moreover, in the latter part of this article, we have presented a comprehensive PayPal review, including what is PayPal, how much does PayPal charges, and PayPal pros and cons.
We hope that this article answers your questions about who accepts PayPal and where can I use PayPal. In case you have other inquiries, please don’t hesitate to contact our 24/7 customer support.
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