PayPal and CREDIT CARDS

We need to establish Periodical Payments from our Rent 2 Own website ... through paypal. Will the credit card companies guarantee the agreed number of rental payments by the RENTER'S CREDIT CARD, so he / she will not take off with our goods???

I need advice plz?

 

No. Your customer can make a chargeback up to 6 months after the last payment. Paypal is a really bad medium for a business like this, because it actually gives your customers 2 chances to make a dispute. They can use the paypal dispute system. If that doesn't work they can go straight to their bank and request a chargeback.

From what I've seen very few rent to own businesses accept credit cards except on the initial payment. Most require a direct bank draft authorization. They also are some of the most aggressive companies in the world at collecting debts. Because of the nature of the average rent to own customer, it's very likely that they already have bad or no credit. The nature of the business is that many customers end up either not paying or trying to reverse payments they have already made. I know Aarons in the US is extremely aggressive at collections and repossession when someone doesn't pay.

 

can anyone help me to link a debit card with my paypal account

 

That is not a payment processor issue - they really can't protect you from consumer theft or fraud. This is something you have to protect yourself from. Although like jestep said, this is not the type of business to process through PayPal and your safest method for collecting payment on this type of business are either electronic check or ACH. Online, recurring payment rent-to-own furniture, electronics, etc. are high-risk. If you want to protect yourself from theft or chargebacks; you probably want to have a solid rent-to-own contract the consumer must sign and then you probably need to run credit/background checks to confirm (a personal guarantee in the contract is probably a good idea). You probably want this contract written or at least reviewed by an attorney to protect yourself as best as possible... and there is still no guarantee you will not have theft or fraud issues.

 

The problem is that many people think PayPal is a bank and if PayPal decline the refund they stay with PayPal decision

 

I don't suggest you to use PayPal for such a kind of transactions. Try and check a different merchant.