Review on PayPal by francis fernandez
Paypal: bringing digital money to all levels
Using electronic platforms to make virtual purchases is a frequent task for a large number of people today. For this reason, having a fast and secure payment solution is vital.
Paypal is a technological gateway that allows its users to send and receive money and make purchases virtually, regardless of where they are.
Why do users prefer Paypal?
Paypal has established security policies for your purchases; which gives its users greater confidence in the use of its platform as a payment mechanism and asset transfer system. For this, it has created conditions applicable to unauthorized purchases and is not responsible for price variations when Crypto is used as a form of payment.
It also has an online support team always available to follow up on malicious situations that the user suspects.
What limitations does the platform present?
There are limitations when it comes to trading cryptocurrencies:
• Paypal does not currently support peer to peer operations. It can only be traded with Crypto through the Paypal platform, this implies that the digital assets stored on its platform must be sold to later exchange them to USD.
• Crypto cannot be used as a source of financing currently. This modality is included in future projects.
• There is a weekly and annual limit amount for Crypto purchases.
• Does not accept credit card to acquire cryptocurrencies.
Despite these temporary limitations (since it is expected to be solved in the course of 2021); Paypal offers a secure platform to quickly perform trading operations for users using fiat money. For this reason; It has a growing community of users who continue to bet on its expansion and give it their trust.
Pros
- It is a platform for sending and receiving secure payments
- Has security policies for purchases
- Easy user interface
Cons
- The trade (purchase and sale) of cryptocurrencies is valid only for some jurisdictions in the United States, except Hawaii and only in USD
New products
Comments (1)
January 22, 2021
I have used this payment processor for a long time and I was in awe of it before. However, time went by and I realized all the disappointing problems. I made an online purchase where I had problems and never got my funds back in PayPal, I contacted customer service and they never solved my problem and ended up limiting my account. Do you think PayPal can improve? I think not
