24 Mar 2012

Advantages and disadvantages using PayPal

PayPal is a popular site for transferring money between people and business online,
You can use your PayPal account to purchase items from hundreds of online stores as well as eBay and Receiving or transferring money from one account to another.


Opening a basic PayPal account is free you do not need a special technology nor a business license to send/receive money through PayPal. The only requirements are
1. A valid email address.
2. A valid credit card or bank account.

With basic financial information you can send money to anyone with an e-mail address. And the receiver doesn’t necessarily need to have a PayPal account.
You can transfer money and make payments through PayPal by using your credit card
Or by providing your personal bank account information, and transferring money directly from your bank.

PayPal is very friendly and easy to use. Whether you are a new buyer, or someone just starting out as a new seller, PayPal is truly the most convenient way to do trusted payments online. And it costs nothing to send/spend money using PayPal.
You will be charged a fee on every payment that you receive. Only if you have a Premier or Business PayPal account.
A Personal account is the most appropriate for you, if you want to use the account for buying or transferring money to others, while a Premier account is best if you also want to sell online.


The advantages that PayPal offers


PayPal is guaranteed against fraud
PayPal guarantees 100% protection against unauthorized payments from your account,
While shopping online and providing your financial information you are not fully protected from sites that can charge money from your account and making unauthorized transactions without your awareness, and that may cause you a lot of money and unnecessary aggravation.


PayPal prevent that option from happening, providing the safest way for shopping online and without reviling any information of your account.

Saving time
Avoiding long lines and spending valuable time in going to the bank
Paying your bills has never been easier with a simple click you can take care of any payment you have without the need of leaving you’re house and standing in long lines, PayPal provides you with the easiest and quickest way there is.


Sending Money abroad
When you are sending money to different countries PayPal provides you the lowest price and it is also the fastest and safest way to ensure your money will reach to its destination.


Dispute resolution center
IF you feel the seller violated your agreement and you want to file a claim against him you can
File a despite through PayPal within 30 days of your purchase,
Saving a document that provides you with Evidence will increase your chances for resolving case faster it is recommended to save emails, receipts, tracking number or any other information related to your purchase.


Saving money
PayPal offer you a variety of coupons that will help you save money while shopping at your favorite stores online, PayPal discount coupon is providing a secure way to shop at a great price.

PayPal is easy to use and highly recommended site but there are some disadvantages that you may consider.


The disadvantages

PayPal can immediately freeze your account and hold your money
This is a private company and not ruled by any federal banking regulations, there for have no need for your permission or approval for freezing your account. if they feel that you have committed a fraud or violated they’re policy your they might freeze your account and hold your funds till further notice

When your account is frozen It might take a while till PayPal decides to release your funds
And might leave you with very limited options and without proper explanation.

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