This is very straight forward but there are a few things to pay close attention to.
If you're going to be using Paypal to accept credit card purchases on your online shop then it's best you open a Business Account. Paypal will process the payments regardless of whether the buyer has an account with them or not and they only charge a nominal fee (payable by the seller not the buyer).
1. Go to Paypal's website www.paypal.com.au and click on the Sign Up button.
2. Select the Business Account option and country you live in then continue.
3. You will be presented with a list of fields you must put your information in. Most of these can be changed later if you wish but the Business Name can't be. Extra care should be taken to ensure you get your business name correct (exactly the same as the name on your cheque book or bank statement). Later when you connect a bank account to your Paypal account (so you can transfer money to it after people have purchased your products), Paypal will attempt to make two small deposits and if there is a mismatch in the business name you used and your real bank account name , the transactions will fail. If the transactions fail your account gets blacklisted and you won't be able to use it with Paypal.
They are extremely paranoid about anything that might resemble money laundering, so extra care should be taken to get the above details right.
Please read the following questions about what to do after you've set up your account.
After you've signed up a business account with Paypal you'll want to connect your business bank account to it so you can transfer money from the Paypal account to your regular bank account. This is obviously so you can get at the money.
1. Log into your newly created paypal account at their website.
2. On your My Account page there'll be a button that says Profile. If you put your mouse on it other menu items will show up, you should click on Add Bank Account.
3. Simply put in all your details and click continue. Note that you won't be able to put in your bank account name here; Paypal assumes it is the same as your business name. If it's not the same you shouldn't continue with the bank account set-up because it will fail. You should instead terminate your Paypal account and set up another one with the correct business name details.
4. In a few days check your bank statement for two small deposits made by Paypal. When you have these details return to your Paypal account and put in these amounts where indicated and it should be all confirmed.
Next step is to get your logo onto the Paypal page that your customers will see. Please read the following FAQ for how to do this.
Once you've got your Paypal account setup and your bank account confirmed with them you'll want to put your website logo onto the Paypal pages that your customers will see when they are redirected there to complete their purchase.
To do this, first log into your Paypal account at their website.
1. On your My Account page you will see a button that says Profile. Click on the word Profile (not the other items that open below it).
2. On the new page that opens under Selling Preferences click on Custom Payment Pages.
3. Click on Add and you will see a few different fields to fill in with information. You can read through and see what each is but you only really need to put in Page Style Name (no spaces in the name), and Header Image URL. The Header Image URL is the complete address of your logo. We will send you this, just email and ask. It needs to come from a secure site, which may be your own or another set up for the purpose.
4. Once you have the above two fields filled in click Save.
5. The new page should then be made primary, so check the button next to it and then click on Make Primary.
Your website logo will now appear to customers on the paypal side of the order process.