PayPal Launches PayPal Complete Payments for Small and Medium Businesses

PayPal has introduced PayPal Complete Payments, a comprehensive payment solution designed for small and medium-sized businesses (SMBs), as highlighted in FinTech Magazine. This new offering allows SMBs to accept various payment methods, including PayPal, Apple Pay, Google Pay, credit and debit cards, and alternative payment options, all in one place.

One of the key features of PayPal Complete Payments is its broad range of payment options, which aims to boost conversion rates and enhance customer retention for businesses. Additionally, the solution includes advanced fraud and chargeback protection, helping SMBs reduce financial risks and save time managing disputes.

The new solution also supports Buy Now Pay Later (BNPL) payment options, which have become increasingly popular among consumers. According to recent data, over 50% of adults in the UK alone had used BNPL services by the beginning of 2024, highlighting the importance of offering this payment method to customers.

PayPal Complete Payments has been launched in the UK, as well as in more than 20 European markets and Canada. It is immediately available to PayPal’s ecommerce partners, such as Adobe Commerce, BigCommerce, and WooCommerce, enabling them to offer a wider range of payment options to their customers.

Vincent Belloc, Managing Director at PayPal UK, commented on the launch, stating, «We’re bringing our latest innovation to the UK market. With advanced features, our new solution enables simplicity and helps drive growth for online small businesses.» Belloc also noted that PayPal Complete Payments has led to an average 4.2% increase in credit and debit card acceptance for merchants in the UK, demonstrating its positive impact on customer conversions and revenue.

Small businesses can take advantage of competitive pricing with PayPal Complete Payments, choosing between flat-rate and flexible pricing options. This allows them to receive the full payment amount upfront and provides transparency regarding processing costs.

PayPal Complete Payments offers SMBs a comprehensive and user-friendly payment solution that can help them grow their online businesses and improve customer satisfaction.