PayPal has introduced PayPal Complete Payments, an all-in-one payments solution that enables credit and debit cards, PayPal, Apple Pay, Google Pay, and other payment methods to be accepted by small and medium-sized businesses (SMBs).

PayPal Complete Payments gives SMBs access to the most payment alternatives available to businesses, increasing conversion and customer retention rates.

PayPal Whole Payments: The One-Stop Shop

Along with providing SMBs with a large array of payment choices, PayPal Complete Payments offers industry-leading fraud and chargeback protection, lowering the possibility of monetary losses and the time SMBs must spend handling disputes.

Additionally, it would enable SMBs to accept Buy Now Pay Later (BNPL) payment alternatives, which are currently among the most popular payment methods used by customers.

In fact, in our March 2024 edition, we documented the emergence of BNPL as a revolutionary in e-commerce, indicating that more than 50% of adults in the UK alone had utilized BNPL services by the beginning of 2024.

In addition to more than 20 European markets, PayPal Complete Payments has now debuted in the UK and Canada.

PayPal's e-commerce partners, such as Adobe Commerce, BigCommerce, and WooCommerce, can take advantage of it right away.

Growth for e-commerce platforms and the SMBs that use them will depend on their ability to accept a customer's preferred payment method.

According to a recent Retail Gazette survey, 43% of UK customers are more inclined to finish the checkout process if the merchant accepts their chosen payment option than to leave their cart empty.

Therefore, PayPal Complete Payments may have a substantial effect on SMBs.

Managing Director of PayPal UK Vincent Belloc states: "We're introducing our newest innovation to the UK market."

Our new solution's cutting-edge features make it simple to use and promote growth for small internet enterprises.

For our customers, PayPal Complete Payments has so far led to an average 4.2% increase in credit and debit card acceptance for UK merchants. Preliminary research indicates that it increases revenue and client conversions.

Small businesses may choose between flat-rate pricing and flexible pricing with PayPal Complete Payments, which helps them get payment in full up front and provides them with a clear view of processing costs, all at low prices.