PayPal is the largest online payment system that has a great track record of both security and providing convenient service to its customers. With over 200 million users, Paypal is dominating the financial world online and people are getting more and more into the PayPal system. PayPal is the most accepted online payment system all over the merchants across the internet.
Advantages of Using PayPal to Make Money Transactions Online
If you are have never used Paypal and wondering if it would be a good choice to go with PayPal as your daily payment system, this article will help you decide. I will get you through the facts that make PayPal the most respected and most used and the most convenient online payment system.
How does PayPal work?
PayPal is an online money transaction service that allows you to send, receive and make payment online with less stress and headache. It’s the fastest checkout system that allows you to link your credit or debit card with it and make payment to the merchant you are trying to pay to buy a product online. Having a PayPal account and doing transactions with it is totally free until it comes to exchange rates and business accounts.
When you are securing yourself from your end, With PayPal, you are more secure than ever with its 24/7 fraud detection monitor. If any kind of suspicious activity is detected in your account, PayPal will notify you to review it or they will limit your account from any kind of transaction any further. Linking your credit or debit card with your PayPal account and paying with it will earn you points and rewards as well.
Advantages of Using PayPal
For those who never used PayPal before, Once you get PayPal account, here are the most common advantages and conveniences you will enjoy with pleasure:
Flexibility at the payment system
When you are trying to make a payment online, you need to get through tons of procedures to complete the purchase with your credit card and often you end up getting declined. When you are using a PayPal account, you will find the process gets to a point where you don’t have to get through any hassle and you will be able to make it just right within a very few moments. You can link multiple credit and debit cards to fund your PayPal account and now you can just pay with your PayPal account in the first place whenever you are trying to make a payment online for a product, goods or any service online.
Credit card security
When you are making payments online with your credit card, you will have to put in your credit card and disclose your information every time you make payment online from different stores or services. But, once you get started with PayPal and make the account, you can type in the credit card information in and link up the bank accounts with your account. Now you will never have to go through the security issues of getting your Credit card information exposed. You will pay with your PayPal account every time and keep all your credit card and bank account information private safe and secure. You can now sleep without getting the anxiety of having a hacker downloading your personal information from an online shop with less security.
Your PayPal account isn’t just a service that allows you to make and receive payments, it’s a great way to send money to anybody across the globe online and it takes a very few moments to make a successful transaction. PayPal users can transfer money from one country to another with just a click of the mouse and they will be facilitated with their own currency as well. PayPal supports 30 currencies and you will have the convenience to do transactions with any currency they want and PayPal will convert them accordingly. When you receive a payment from your buyer or you pay your service or product provider with your local currency, PayPal will convert the amount to the currency that your receiver is using. Then your receiver can withdraw the amount in his currency.
Smartphone app control
PayPal has its own app to control and maintain your account for extra convenience for its customers. the app is available both for android and IOS and that’s how you don’t have to bring your laptop or computer every time you want to access your PayPal account. You can review your PayPal account with the smartphone app, pay your bills, view the transaction history and review it, send and receive money. You have the full access to your online finance system without the hassle standing in the lines of customers in a bank or waiting to go home access your account
Using PayPal, you can take part in Online Auctions like eBay and others, besides, PayPal itself is now owned by eBay and they are integrated into service. eBay bidders are more protected while they are using PayPal as their payment system. You will get discounts often using PayPal for payments in selected retailers like Walmart, Nike, HP and so on, make sure you keep updated to avail discounts.