What is the difference between the Standard and Business options in PayPal?
The differences between the two Payment Options are as follows:
| PayPal Standard | PayPal Business | |
|---|---|---|
| Should I have a US based PayPal account? | No | Yes |
| How much will I be charged as transaction fees? | % of the amount | Flat fee of 50 cents |
| Should my customer have a PayPal account too? | No | Yes |
| Can my customer pay via credit card? | Yes | No |
| Will I receive the payment instantly? | Yes | May be delayed for eCheck payments |