Once you have a PayPal merchant I.D. it appears that there is no way to remove it. Having a merchant I.D. does not mean that you have to have a merchant account, or that the number affects your account in any way. It just is there if you ever need it. You can still use PayPal's regular, non -merchant account; you just can't get a PayPal debit card.
To set up a merchant account with PayPal, one must first create a PayPal account. The account holder then needs to choose one of the three available options for a merchant account. An account holder must also have their PayPal account verified by adding a major credit card or a checking account as a form verification.
A merchant account is an bank account used for transferring money, involving business transactions. For example, a merchant account can be linked with Paypal, which can be used on eBay for business.
PayPal Merchant Account is a web payment account service by PayPal which is employed by million of users across the planet . PayPal is an America based company which has grown over the past years to become one among the simplest online payment method organization. A PayPal merchant account is essentially sort of a bank account which accepts payments in several ways. It enables the owner through several means from cash deposits to credit and debit cards. This has provided customers tons of comfort to form payments from different methods. If you want to read more about PayPal Merchant Account, please visit 5 Star Processing website.
A Canadian merchant account works by accepting credit cards and Paypal as payment methods for a business. Some other features include fraud detection and customized checkout templates for your website.
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You first need to signup for a Paypal account. When you do, click "merchant services", and design your button.
Paypal is an internet merchant account. You can also obtain internet merchant accounts through The Transaction Group, Merchant Group, and Merchant Plus.
Almost anyone can open an online merchant account, but they're specifically made for businesses. Most companies will allow anyone to open one because they make a decent percentage off fees. Other merchants account offerers, such as Paypal, will only allow a merchant account to those who have had a Paypal account that has been in good standing.
You can get a merchant account from a number of different sites, which are usually free of charge. A few examples of such sites are Paypal, Neteller and Skrill.
To find information on setting up a merchant account one would have to do some research. Companies like PayPal have an option for setting up a merchant account.
You contact a merchant company like Paypal or Merchant focus, and apply for your merchant account. Once approved you can start using it. There is more then the two companies mentioned above that provide merchant accounts.