PayPal makes it easier for small businesses to grow and succeed
November 19, 2012 by Stephanie SUTANTO
Every company has a beginning. It starts with an innovative idea, conceived by individuals who believe in it, and who go on to make it a reality.
People lament about how it isn’t easy to establish a business. And they’re right. But those who have stayed the course through sheer determination and hard work have reaped the rewards of success and satisfaction. Of course, a little help along the way never hurt.
And for some, that help has been PayPal. As an online payment solution, PayPal is the faster, safer way to pay and get paid. PayPal has over 14 years of fraud prevention and risk management experience to keep both buyers and sellers safe online, and has over 117 million active users in 190 markets. It is a one-stop solution for small businesses that accept credit card and PayPal payments in just a few clicks, without sharing financial information.
PayPal’s emphasis on delivering a simple and effective online payment solution creates a much-needed level of support for small businesses.
Mervyn Phan for example, founded Cookyn Inc, a cooking school in Singapore offering friends and family an opportunity to bond while learning to cook with confidence and skill. Over the years, Cookyn Inc has seen more customers than Mervyn could ever have imagined.
As his class sizes grew, collecting cash payments up-front was becoming more difficult and complex for him to manage. Another challenge was ensuring timely payments to support his business costs.
When he took on PayPal, it made the entire payment process easier as customers could pay easily and conveniently, enabling Mervyn to focus on what he truly loves– cooking.
Raja Singh was an avid sportsman, before a tragic accident changed his life, leaving him a paraplegic. Undeterred, he continued to pursue sports despite competing in a wheelchair. Over time, Raja’s enthusiasm for disability sports grew, but he often found difficulty finding suitable equipment that catered to the disabled.
Wanting to change that, he set up DNR Wheels with his friends to source for, import and distribute disability and rehabilitative equipment, along with products suited to home nursing. He set up an online store as well, integrating PayPal’s convenient ‘click’ based online payment system.
DNR Wheels’ online sales now account for 30% of total revenue, and Raja is pleased knowing that he offers an accessible way to purchase its products to facilitate the rehabilitation of those suffering injuries or experiencing persistent ailments.
When Sharon Ho-Norton welcomed her first child into the world in 2002, she was surprised at how difficult it was to find comfortable, elegant and well-designed clothing that allowed her to breastfeed easily and discretely.
She saw an opportunity to start a line of maternity and nursing wear in natural and eco-friendly fabrics, so she left her full-time job as a marketing professional to set up Mothers En Vogue.
Since PayPal has been well-received in markets including Australia, United Kingdom, and the United States, its international trust and recognition as a payment solution complemented Sharon’s plans to expand her business overseas. She believes the sky’s the limit as she continues to stay on top of demand, and establish her company’s ever-growing online presence in global markets.
To these small businesses, PayPal means convenience, support, and opportunity– all rolled into one online payment solution.
This article is sponsored by PayPal.
Find out more about SGE’s research arm: SGE Insights, providing customized in-depth research reports to help you navigate the business of technology in Asia.
About The Author
Stephanie SUTANTO - Resident Contributing Writer
Stephanie is currently pursuing her undergraduate studies in the University of California, Los Angeles. She hopes to learn more about startups both in Los Angeles and in Southeast Asia, possibly starting one of her own in future. And yes, she prefers sashimi to chocolates and flowers any day. You can find her on LinkedIn and Twitter.Read other posts by Stephanie SUTANTO