12 Reasons to Use PayPal Versus Other Payment Platforms
PayPal is not only user-friendly. It is also easy to use. It allows people and businesses to send and receive money online.
You can use PayPal to send and receive money from your friends and family for free in the United States. It is safe to shop online using PayPal since it does not reveal your financial information.
Hundreds of online stores accept PayPal, so you can shop online without worrying about getting scammed or unauthorized transactions.
Here are 12 reasons to use PayPal:
1. Cost
It is free to open a PayPal account, and you will not pay annual membership fees. If you are using PayPal to make payments online, you will not pay any fees. PayPal will deduct the fees from the seller.
Therefore, you will never pay a penny to PayPal. If you are a seller, do not worry about these fees; a PayPal currency converter can help you to calculate PayPal fees.
These charges are much lower than the fees of the other online payment gateways. It is much cheaper to use PayPal in the long term.
2. Global Use
It is now easy to sell your products or services online. You no longer have to focus on your local country only. You can now use the internet to sell your products and services all over the world.
Fortunately, PayPal is currently available in 202 countries. You can receive money in over 100 currencies. PayPal allows you to offer your goods and services worldwide.
Do not just sell your products and services locally.
3. Keep Your Financial Information Private
You do not want your financial information to fall into the wrong hands. PayPal is trustworthy.
It does not disclose your financial information to other websites. You will provide credit card and bank account information once you sign up for a PayPal account. Once you do that, PayPal will never ask you for the information.
PayPal automatically deducts the amount from your credit card or bank account once you make a purchase.
4. User Discounts
Want to save some money? Use PayPal since it offers discounts to its users at selected retailers. You can find the selected retailers on the shopping page of PayPal.
You may use some of these retailers regularly. You can now pay with PayPal to get discounts. Once you sign up for a PayPal account, visit PayPal’s shopping page.
You will get a promo code on their shopping page. Copy and paste the promo code at the website of the selected retailer to get the discount.
5. Flexibility
Some online stores can decline your credit card or debit card. If they decline it, there is nothing you can do about it. And you cannot transfer money directly to these online stores.
It is easy to fund your PayPal account with multiple credit cards, debit cards, and multiple bank accounts. Therefore, you will be sure your payment will go through. PayPal will deduct the funds from one of these sources.
6. Mobile Use
It is easy to use PayPal. You do not even have to go online to use it. Have an iPhone?
If so, then use the iPhone application to send money and to shop online. It is safe and secure to use the app. It will ask you to enter your unique PIN. No one else will not send money unless they have your unique PIN.
You can even bump phones with the person you want to send the money to.
7. Send Money
You no longer have to visit your local bank to send money to your friend or family across the world. Use PayPal to send the money instantly from the comfort of your home.
It is cheap to send the money. If you are in the United States, it is free to send your friends and family money. PayPal does not charge fees to send money between friends and family in the United States.
It is now safer, cheaper, and faster to send money using PayPal.
8. Multiple Payment Options
Are you selling your products and services online? Accept PayPal payments to give your customers more options. Do not just accept credit card payments. It is not easy to get a credit card in some countries.
The people in these countries use debit cards to pay for products and services online. They connect their debit cards to their PayPal accounts. Accepting PayPal payments give your customers more options to pay for your products and services.
9. It is Fast
You will enter all your financial information when signing up for PayPal. Once PayPal verifies your credit cards, debit cards, and bank accounts, you will never have to enter the information again. It is easy and fast to checkout with PayPal.
You will just login to your PayPal account and make the payment. PayPal processes the payment instantly. You do not have to enter your financial information every time you make payment.
10. It is Easy to Set Up
It is very easy to set up PayPal. It takes a few minutes to create a PayPal account. You only need a bank account, contact info, a business or personal address, and a valid email address to register for a PayPal account.
You can use your personal or business bank account to create a PayPal business account. It is very easy to verify your bank account. You can complete setting up your PayPal in a few hours.
11. PayPal Cash Card
Do you work online? Are you a freelancer? Then, you may receive your payment through PayPal.
In the past, you had to transfer the money from your PayPal account to your bank account. Once the money is in your bank account, you use your debit card to withdraw the money at an ATM.
It is now easy to withdraw money from a PayPal account. Use PayPal Cash Card to withdraw the money at any MoneyPass ATM.
12. Pay Later Offers
You can now buy now and pay later using PayPal. It does not cost you money to use the Pay Later offers.
However, it is only available in the United States and the United Kingdom. You will have to complete your payments in six months.
If you are selling your products or services online, use these offers to increase your sales. Your customers will still complete the payments.
These are the top reasons to use PayPal.
