Review on PayPal by Adedayo Adeniji
PayPal an all in one payment system
PayPal is a payment processing platform which claims 305 million active consumer accounts and 22 million merchants, it is notably affordable and easy to use online, as mobile apps, with desktop, it has a flat-rate pricing of 2.9% + $0.30 for most of its online transactions. It enables Merchants to easily add PayPal’s checkout tools to their existing website or integrate with their choice of shopping carts and accessing a mobile POS with online invoicing tools.
PayPal is an aggregator which means it aggregates all its merchants into one enormous merchant account. The deficiency of this arrangement is that merchants bear an increased risk of account instability. Holds and terminations are quite common due to the risk management policies required for an aggregator to function.
With PayPal you stand to enjoy three options for web payments, PayPal Checkout (formerly Express Checkout), PayPal Payments Standard and PayPal Payments Pro. Other services you enjoy with PayPal are online invoicing, mobile POS, marketing solutions, mass payouts, instant bank transfers, paypal loan builder etc.
I recommend that PayPal is ideal all in one payment option for new businesses as it is trusted by consumers with predictable flat rate pricing, and a backup form of payment if you sell online. In fact , it functions perfectly as your primary payment option.
Pros
- It has earned consumers trust
- It is an all in one payment system
- It has predictable flat pricing
- It has various pricing plans
- It is a good developers tool
Cons
- It has account stability problem
- It is not good for high risk industries
New products
Comments (1)
February 13, 2021
PayPal, offers one of the best Merchant Services, it's track record lend credence to this fact, it all in oneness as a payment platform stands it out. Clear cut review. I will love to read your up date soon
