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PayPalPayPal is a well-known online payment system that simplifies international money transfers. It’s also simple to integrate PayPal with your existing website. By creating a merchant account with PayPal and adding it to your checkout page, you can start accepting credit and debit card payments from around the world.
Some popular processors offering interchange plus pricing structures include Payment Depot, Stripe, and Helcim. Payment processors who’ve popularized this model include PayPal and Square. This is why it’s important to consider whether your transactions mostly fall under the lower or higher rates.
Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. Square and PayPal are two that have popularized this model. Helcim and Stripe are the more popular payment processors offering interchange plus pricing models.
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