Today I gave a online chat interview, with Neon and other users from Wholesale411.com. There were lots of good seller-oriented questions. It seems there is uncertainty about the difference between a PayPal Business account and a traditional payment processor Merchant Account. I tried to answer them but would like to clarify further here.
Basically with a PayPal Business account can do most everything you can with a traditional merchant account, but you don’t have to pay setup or monthly fees as you would a traditional merchant account. And PayPal hosts everything so you can accept payments right away. Unfortunately, a PayPal Business account is not recognized as a valid merchant account by other payment gateways, but more and more ecommerce stores (like Kurant, StoreFront, Miva and other ecommerce shopping carts are PayPal-enabled.