As an element of your dropship business you need a payment processor to accept payments from your buyers and to submit payments to your dropship suppliers. You have several ways to go: you can accept only money orders and checks. But using this method you are destined to lose a great portion of potential customers. You definitely need to accept credit cards. To accept them, you need either a merchant account (this solution is more acceptable when you run an online dropship store) or a PayPal account (perfect when you start or sell just through
eBay: PayPal company belongs to eBay).
A few years back there were many unhappy PayPal users, but the things have changed greatly since that time. Today PayPal is, undoubtedly, the leading online payment processor. It is a global company making it possible to send money to anyone in 56 countries; it is the major payment processor at
eBay auction. PayPal offers a wide range of solutions suitable to nearly all kinds of online businesses. Let’s see the benefits of joining the leader from drop ship business point of view.