2. SEPA - Accepting Online Payments
Johnny Beirne – Digital Business Institute
Cahal Mahon – Accounting Matters
3. 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)
4. Source: Annual report from the Digital Hub Development Agency (DHDA)
2014 - €4Bn
2017 - €??????
€21 Billion
5. Buying with Mobile (phone & tablet) up 41%
Source: Sunday Business Post – 02.03.14
6. PayPal Accounts
• Personal – for buying
• Premier – for casual selling
• Business – for regular selling
• All are free – you pay according to each transaction
11. PayPal Options
• Shopping Cart
• Buy Now (Pay Now)
• Donations
• Gift Vouchers
• Subscriptions
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EU Regulation - €2,500 Limit
Submit identification documents and call PayPal on 1800 948 510
8am to 10pm Mon – Fri | 8am to 9pm on Sat.
9am to 9pm on Sun
13. 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