PayPal in online accounting? Why? I mean, why are we discussing and merging it with online accounting? The short answer is almost every international business has accounting integrations with PayPal for their business transaction. And we are not saying it without any statistical check! Here is what Statista has published.
As measured by active registered accounts, PayPal’s subscribers continued to rise in 2020, increasing by almost 24 percent year on year in the fourth quarter of 2020. One of the fundamental factors behind this spike in the graph is PayPal payment accounting software integrations.
If you are using an online payment processing software that doesn’t have integration with PayPal, you are already well behind in the race from your competitors. Get an online invoicing software that has integration with platforms like Stripe, Braintree, square, etc.
Besides offering premium facilities to clients, what is the most critical part of a company owner’s life? Of necessity, being charged on schedule. Although, let’s be frank, making an invoice, mailing it to the customer, waiting for the client to move the money to your bank account, and finally handling the payment all takes time. This is why Accounting integrations with PayPal is a must.
Why is Accounting integration with PayPal a must?
If you are using an online billing software or online payment processing software – ask your vendor to have integration or add the feature of the PayPal payment gateway. Here is why!
If you’ve used PayPal as a customer, you still know what the deal is, but you can do a lot more for your account as a company owner. It would help if you placed an HTML shortcode on your website to take your customers directly to a PayPal checkout page to complete their order and payment.
Using PayPal payment accounting software integrations, they charge 2.9 percent + $0.30 charge per transaction.
When a company has Accounting integrations with PayPal, people are 54% more likely to shop.
According to PayPal statistics for 2021, PayPal is among the most reliable payment alternatives, especially among US customers.
As a retailer embraces PayPal as a payment system, consumers are more likely to make cross-border transactions, sometimes for unknown products and high-ticket goods.
However, the essential aspect that makes PayPal a must, particularly if you don’t have an accounting tool (yet), is that it can be a complete, essentially free invoicing software solution: you can build and submit invoices once or daily to up to 100 clients, with or without a PDF attachment.
In addition, you can register invoices, give notices to non-paying clients, and receive payments in 25 currencies from over 200 nations.
Major Advantages of PayPal
- It’s easy to set up and use.
- It is 100% safe and secure across the globe.
- PayPal may be familiar to the clients/customers.
- A merchant account is not needed; just basic information and accounting integrations.
- The user/client or customer doesn’t need to have a PayPal account to finish the payment.
- Invoices may be created and sent directly from your account.
- You have the option of setting up monthly payments.
- PayPal may be used in an enormous number of shopping cart web apps.
Top 3 Online PayPal payment accounting software integrations
Since PayPal is mainly used as a payment processor, although used as an extension to the bank account, online accounting solutions regard it.
PayPal collaborating with Xero as business accounting integrations, one of the most excellent online accounting tools on the market, is a dream come true for all company owners, regardless of location.
Adding the PayPal alternative to your invoices in Xero is as simple as a few clicks. This way, the client will pay with a Visa, MasterCard, or American Express credit/debit card and a PayPal account with a safe tab.
Any time a payment is received, your invoices are modified, and you get quick reviews on your dashboard, thanks to the choice that allows you to use your PayPal account as a sort of bank account.
So, your online billing software is your online payment processing software.
PayPal integration with FreshBooks is straightforward: go to settings and select the “accept credit cards” tab to connect your PayPal account with your FreshBooks account.
After the feed between the two accounts is created, you may begin taking online payments through PayPal, whether you’re in your office or on the go. Like other accounting solutions, FreshBooks guides consumers to a beautifully built clients’ website with an online invoice and quick payment option and handles your PayPal account like a regular bank account, which means you can categorise your purchases however you like.
3. Moon Invoice
Last but not least – Moon Invoice also has accounting integrations with PayPal and other platforms such as stripe, square, RazorPay etc.
Moon Invoice has a convenient PayPal payment compatibility. It works as your online payment software. You can conveniently handle your company expenses by selecting PayPal from our list of payment choices. Your customers should pay using the secure payment option on Moon Invoice. This will result in a safe transaction for them.
This online accounting programme has provided its consumers with efficient payment solutions from the beginning of the invoicing era. It is the perfect fit for all, from small business owners to every service sector, and it is the best fit for their needs. A hospital or individual doctor can use it as accounting software for HealthCare industries.
So, here are our top 3 picks in terms of PayPal payment accounting software integrations; the list could go on. Our advice to select online accounting software that has accounting integrations with multiple platforms, including PayPal. The simple reason is – the more the customer option, the quicker they will pay and the faster you will receive the payment.
Being a top-class online billing software and online payment processing software, Moon Invoice provides you with a free demo. Please email us at firstname.lastname@example.org or call us on +1-805-491-9393.