Selling with PayPal - Roscommon Business Network
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WELCOME
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SEPA - Accepting Online Payments
Johnny Beirne – Digital Business Institute
Cahal Mahon – Accounting Matters
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Ireland currently spends close to €4 billion online each year,
but 75 per cent of that goes overseas, mostly to the UK
Source: Annual report from the Digital Hub Development Agency (DHDA)
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Source: Annual report from the Digital Hub Development Agency (DHDA)
2014 - €4Bn
2017 - €??????
€21 Billion
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Buying with Mobile (phone & tablet) up 41%
Source: Sunday Business Post – 02.03.14
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PayPal Accounts
• Personal – for buying• Premier – for casual selling• Business – for regular selling• All are free – you pay according to each transaction
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Business Account
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PayPal Options
• Shopping Cart• Buy Now (Pay Now)• Donations• Gift Vouchers• Subscriptions-----------------------------EU Regulation - €2,500 LimitSubmit identification documents and call PayPal on 1800 948 5108am to 10pm Mon – Fri | 8am to 9pm on Sat.9am to 9pm on Sun
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Demo
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PayPal Benefits
• Accept online payments
• Process order over the phone
• Get paid in advance - in full or a deposit
• Charge for products and services
• Great App
• Improve cash flow: PayPal to Bank Acc. In 2 – 3 days
• Your get a valid email address with transactions (email marketing)
• Use funds for business related purchases e.g. Facebook Ads
• Easy to issue a refund
• People do not need a PayPal Account to purchase with PayPal i.e. use Credit Card
• Promote with Social Media
• TV add campaign increasing consumer confidence
• Simple way to test selling online
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PayPal Fees
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Online Payment Considerations
• Stock Control• Order Handling• Delivery• Returns• Refunds• Terms & Conditions