WELCOME

SEPA - Accepting Online Payments

Johnny Beirne – Digital Business Institute

Cahal Mahon – Accounting Matters

Ireland currently spends close to €4 billion online each year,

but 75 per cent of that goes overseas, mostly to the UK

Source: Annual report from the Digital Hub Development Agency (DHDA)

Source: Annual report from the Digital Hub Development Agency (DHDA)

2014 - €4Bn

2017 - €??????

€21 Billion

Buying with Mobile (phone & tablet) up 41%

Source: Sunday Business Post – 02.03.14

PayPal Accounts

• Personal – for buying• Premier – for casual selling• Business – for regular selling• All are free – you pay according to each transaction

Business Account

PayPal Options

• Shopping Cart• Buy Now (Pay Now)• Donations• Gift Vouchers• Subscriptions-----------------------------EU Regulation - €2,500 LimitSubmit identification documents and call PayPal on 1800 948 5108am to 10pm Mon – Fri | 8am to 9pm on Sat.9am to 9pm on Sun

Demo

PayPal Benefits

• Accept online payments

• Process order over the phone

• Get paid in advance - in full or a deposit

• Charge for products and services

• Great App

• Improve cash flow: PayPal to Bank Acc. In 2 – 3 days

• Your get a valid email address with transactions (email marketing)

• Use funds for business related purchases e.g. Facebook Ads

• Easy to issue a refund

• People do not need a PayPal Account to purchase with PayPal i.e. use Credit Card

• Promote with Social Media

• TV add campaign increasing consumer confidence

• Simple way to test selling online

PayPal Fees

Online Payment Considerations

• Stock Control• Order Handling• Delivery• Returns• Refunds• Terms & Conditions