PayPal vs Merchant Services
Iím considering switching to PayPal Virtual Terminal for credit card payments received from customers. The PayPal solution would seem to save quite a bit in fees since it has a lower effective discount rate than what weíre getting now. Iím currently set up with the Intuit Merchant Services which is integrated with QB and is easy to work with. Most of the cc payments are entered thru the Sales Receipts with payments made to Undeposited Funds which is linked to the Merchant Services application.
Iím wondering if anyone else that made this switch encountered any problems and whether they would recommend it. Iím not sure whether I have to cancel my agreement with Merchant Services before moving to PayPal.