In fact, it’s hard to remember a time when you couldn’t just click a button and send money to a friend, family member, or merchant. What Is PayPal?Īfter over 20 years in business, PayPal and e-commerce pretty much go hand-in-hand. So are you doomed to pay out every time a client settles their invoice through PayPal? To an extent, yes.īut there are also several ways to decrease your PayPal fees for receiving money. Plus, when it comes time to request payment from a client, you want to offer them a payment method they already recognize and trust.
You might even be tempted to ditch PayPal altogether for something with fewer fees.īut there’s a reason PayPal reigns supreme in the world of online payment processing.Īfter all, nothing is quite as convenient as a web-based payment portal that links directly to your bank account. It’s true that paying out a percentage of your income to get your money in the first place is a pain. However, many freelancers and entrepreneurs are less than thrilled about paying numerous PayPal fees for receiving money from clients.
Of these services, none is more popular than PayPal. It’s hard to imagine what life was like for freelancers and entrepreneurs before online payment processing came along.