PayPal for Business – The Importance of Being Verified
PayPal is one of the word leaders in online payments, both making and receiving payments. Receiving payments online can sometimes be a costly process with more traditional payment processors like banks and credit card companies. However, companies such as PayPal have gained a very positive reputation among businesses and consumers alike.
When registering for a PayPal account, a business is not asked to provide many details and few security checks are performed prior to opening the account. This has both advantages and disadvantages. An advantage for businesses is that it is a quick and simple process to set up a PayPal Business account and start accepting payments within 10-15 minutes thanks to PayPal’s instant account activation. However, a disadvantage for consumers is that with little security checks being performed initially, how can they be sure that the money they are sending is going to the right person and if the business is legitimate?
Well, this is the reason why PayPal for a long time have had an account verification procedure. Businesses can choose to verify their accounts by agreeing to provide more detailed information and undergo advanced security checks. These checks ensure that the businesses has been identified as a legitimate business, is trading from the address(es) that it states, and has a verified business bank account with a recognised bank. All these checks ensure that the customer is dealing with who they think they are and that they are running a legitimate business operation.
So, bearing this in mind, getting your PayPal Business account verified is essential. And for legitimate businesses, there is absolutely no reason why not to follow and complete the simple verification process. It benefits the business by instilling consumer confidence in the PayPal payment thus likely resulting in increased sales and it also benefits the consumer by letting them know that the business has passed advanced verification and security checks.
As previously mentioned, PayPal is one of the largest and most respected payment processors for both businesses and individuals. PayPal is one of the payment methods that DPS Computing Limited accept through it’s customer area and for all of its products and services. And of course, we have verified our account so that you can be assured that your payments to DPS Computing are both secure and authenticated – leading to a completely safe online shopping experience!