1. It is a safe method
Buyers enjoy strong protection when using PayPal, as the platform acts as a mediator in any disputes between buyers and sellers. Initially, PayPal encourages both parties to reach a mutual agreement. If that fails, the buyer has the option to file a claim to recover their money.
Common reasons for filing a claim include not receiving the purchased item or receiving something that does not match the description.
Claims can be submitted through the PayPal Resolution Center within 180 days of the purchase date.
se.2. It is very easy to use
To start making online purchases on any site that accepts PayPal, all you need is to link a payment method to your PayPal account, making the process straightforward and user-friendly.
Moreover, you don’t have to enter your bank details every time you make a payment, and transfers through PayPal are instantaneous, unlike some banks where international transfers can take longer.
However, it’s important to note that withdrawing funds from PayPal to your bank account may take up to two days.
3. Allows currency exchange
PayPal offers the convenient feature of real-time currency conversion. For instance, if you sell to a buyer in London, they can send payment in British pounds, and PayPal will seamlessly convert it to euros for you.
- Log in to your PayPal account and navigate to "My Portfolio."
- Select the “Currency calculator” option listed under the available currencies.
- On the next page, you’ll see the current exchange rate for the currency you’ve chosen, including any applicable fees.
4. It has a mobile app
You can easily manage your PayPal account on the go by downloading the mobile app, which lets you perform all transactions directly from your smartphone.
The app is designed to be user-friendly and intuitive, just like the website. To send a payment, you simply need the recipient’s email address or mobile number.
Additionally, the app offers free payments to recipients within the European Union, making it a convenient and cost-effective option for EU users.
5. It is completely free for the buyer
When using PayPal, buyers do not incur any transaction fees. There’s also no cost to register or for most additional services offered by the platform.
If you’re using PayPal solely for purchasing, you can do so completely free of charge, except in cases where a currency conversion is required, which may involve a small fee.
6. Their customer service works very well
One of PayPal’s major strengths is its customer service support. Users can reach out either by email or phone, depending on their preference.
When a claim is filed, PayPal keeps the customer regularly updated throughout the entire process and aims to resolve issues within 30 days.
In more complex cases, resolution might take longer, but PayPal ensures that users receive continuous communication and all necessary information until a final decision is made.
Sign up for Paypal: how do I open and start using my account?
To open a PayPal account, simply follow these steps:- Visit the homepage at www.paypal.us.
- Click on Create account.
- Select your country and preferred language.
- Click Open account.
- Fill in the required information, then click Agree and create account.
- Confirming the email address you registered with.
- To make payments, link a card or bank account, or add funds to your PayPal balance.
- To receive payments instantly, all you need is to confirm your email address.
Does it have disadvantages to make payments with Paypal?
The seller has to pay commissions
As mentioned earlier, buyers typically don’t pay any fees on PayPal unless a currency conversion is involved.
However, for sellers, the situation is different—they are required to pay a fee when receiving payments for sales.
That said, this fee is generally small and tends to decrease as your sales volume increases, making it more affordable for high-volume sellers.
You have to disable automatic payments
When you subscribe to services like Netflix or Filmin through PayPal, the payments are automatically charged every month.
If you decide to cancel any of these subscriptions, you need to manually deactivate the automatic payments to avoid further charges.
To do this, go to Settings, then select Payments, and finally click on Manage payments with prior approval to disable the recurring payments.
There are restrictions on the money available
To hold a large balance in PayPal, verifying your account with a credit card is necessary. Fortunately, this verification process is simple and fast.
Start by going to Summary, then navigate to the Bank accounts and cards section. From there, click on Link bank account or card to complete the verification.
Users who complete this step benefit from higher sending and receiving limits and often enjoy lower fees.
sometimes there are conflicts
Some users may misuse PayPal’s protections, which is an important consideration for online sellers. In certain cases, buyers might falsely claim they never received the product, attempting to keep both the item and the payment.
To protect yourself from such situations, it’s crucial to keep all supporting documents and evidence—such as tracking information, receipts, and communication records—so you can provide them to PayPal if a dispute arises.
Differentiate between gross and net amounts
When dealing with PayPal fees, it’s important to understand the difference between gross and net amounts. The gross amount refers to the total sum before fees are deducted, while the net amount is what remains after subtracting those commissions.
That covers both the advantages and disadvantages of using PayPal. Overall, PayPal remains a widely trusted payment method due to its ease of use and reliable performance, even though it has a few drawbacks.
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