Why to use PayPal

PayPal is the faster, more secure way to pay online. It lets you pay for your favorite things at millions of online stores in the U.S. and across 203 global markets—all without the hassle of converting currency. So it’s just as easy to know how much you’re spending as it is to spend it. It's free to sign up for a PayPal account and to download the PayPal app to receive and send money to other PayPal users.

PayPal allows its users to easily send money to friends, family, business associates and more. In order to start sending and transferring money via PayPal, you will first need to set up an account. Setting up an account with PayPal is free and only requires an email address and some basic information.

Once you have a PayPal account, you can both send and receive money from anyone else with a PayPal account. If you’re trying to send money to someone without a PayPal account and they ask you “What is PayPal?”, you can show them how to sign up for a free account. It is free to send money to family and friends. PayPal will charge a small processing fee if you use it to send money as part of a business transaction.

In addition to one-time purchases, PayPal is also the faster, simpler way to make recurring payments to all your monthly bills and subscriptions.

Why to use paypal

Secure transactions:

When you pay for items online with your debit or credit card, retailers may have access to your payment information. PayPal adds another degree of security by guaranteeing that merchants never get access to your sensitive information. PayPal also utilizes a variety of security safeguards to safeguard accounts, including end-to-end data encryption, optional two-factor authentication, and transaction confirmation notifications.

Fast:

No need to enter all your financial information every time you shop. Speed through checkout with PayPal.

Easy and convenient:

PayPal is currently one of the most widely accepted methods of payment, after Visa, Mastercard, American Express, and Discover, and is accepted by millions of online merchants. Have you ever desired to make an online purchase but were unable to do so due to the absence of your credit card? PayPal enables you to make payments using the cards associated with your account without having to retype your card data. All you need to do is memorize (or store) your PayPal login credentials in order to make a transaction using PayPal.

PayPal Pros And Cons

Here are some PayPal pros and cons to keep in mind:

Pros

• PayPal is easy to use – it’s very a straightforward way to send money to friends and family.
• Paying with PayPal gives you an extra level of security and fraud prevention. If you pay for a purchase using PayPal that ends up being fraudulent, PayPal can help get your money back.
• PayPal encrypts your bank or credit card information, keeping that information safe.
• No fees for sending money to friends and family.
  
  

Cons

• While it is free to use PayPal to send money to friends and family, if you are sending money via PayPal as part of a business transaction, you’ll be charged fees.
• PayPal also charges a 1% fee if you want instant access to your money; a free bank transfer takes several days.
• PayPal has a reputation for being very aggressive with account freezes. And if they decide to freeze your account, they hold your money until you can prove that you have done nothing wrong.