Pro's and cons of paypal ?

Discussion in 'PayPal' started by Xabber, Jun 8, 2007.

  1. #1
    I never had really difficulties with paypal. The only con I can come up with is that I needed a creditcard for some payments. What is your experience ?
     
    Xabber, Jun 8, 2007 IP
  2. venturefox

    venturefox Notable Member

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    #2
    Pro:
    Most effective way to send and receive online payments.

    Con:
    If you receive a chargeback or disputed payment, its quite hard to recover the funds especially with web related payments.
     
    venturefox, Jun 8, 2007 IP
  3. Gnet

    Gnet Peon

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    #3
    Pro:

    Can get scammed by a two bit idiot

    Con:

    Can't buy porn.
     
    Gnet, Jun 8, 2007 IP
  4. jakomo

    jakomo Well-Known Member

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    #4
    Pro:
    I like to see when my account has money :)

    Con:
    No casino or gambling sites...
     
    jakomo, Jun 8, 2007 IP
  5. Gnet

    Gnet Peon

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    #5
    the last 3 dots meant porn :D
     
    Gnet, Jun 8, 2007 IP
  6. ajsa52

    ajsa52 Well-Known Member

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    #6
    Pro:
    Fast and easy way to send and receive online payments.

    Con:
    Their commision for exchange currencies, and for receive payments on business account.
     
    ajsa52, Jun 8, 2007 IP
  7. tobycoke

    tobycoke Well-Known Member

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    #7
    Pro: Instant access to cash via ATM banking machine

    Con: $400 limit daily withdrawl via ATM
     
    tobycoke, Jun 8, 2007 IP
  8. ReadyToGo

    ReadyToGo Peon

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    #8
    Pro: Easy to use; everyone accepts it.

    Con: Alwats have to be paranoid with large transactions.
     
    ReadyToGo, Jun 8, 2007 IP
  9. hanz

    hanz Peon

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    #9
    Pro:
    They have nice blue website.
    Con:
    I cannot use it because PayPal hates small countries and well, Estonia is small country.
     
    hanz, Jun 8, 2007 IP
  10. allout

    allout Prominent Member

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    #10
    PRO: User friendly and reliable and well known. Very few places don't take Paypal

    Con: Fees are high for business account and you always have to keep that in your mind when selling something. Disputes are a nightmare.

    Overall, I have been using them a long time and I have not had many problems. I was using them pre-eBay times.
     
    allout, Jun 8, 2007 IP
  11. eddy2099

    eddy2099 Peon

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    #11
    I would not say that they hate small countries because there are a lot of small island nations (much smaller than Estonia) listed on the Paypal supported countries.

    Let them complete the necessary checks and talks with your country first.
     
    eddy2099, Jun 8, 2007 IP
  12. tushardhoot1

    tushardhoot1 Active Member

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    #12
    Pro: Most popular payment system, almost everyone has it.

    Con: Scammer Friendly.
     
    tushardhoot1, Jun 8, 2007 IP
  13. eddy2099

    eddy2099 Peon

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    #13
    Pro : Easy to use and supports a wide number of countries, very low fees compared to any other payment processors out there especially for businesses.

    Con : Low level verification system which allows anyone to 'cheat' the system by using unverified VCC and people from non-supported countries who use fake info to sign up.
     
    eddy2099, Jun 8, 2007 IP
  14. kanwarjot

    kanwarjot Notable Member

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    #14
    Pro:Effective transfer of money across all countries
    Con: high rate of commission
     
    kanwarjot, Jun 8, 2007 IP
  15. hanz

    hanz Peon

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    #15
    They have been checking and talking for the past 5 or so years, at least that is what they have been telling me, during that time they have been able to add Czech Republic, Hungary and Poland, but they haven't been able to add Estonia. Do you really want me to believe that it is more difficult to expand to small Estonia where government is extremely e-orientated and where they (eBay) are already developing Skype or to a Poland where government is currently discussing whether Tinky Winky is gay or not? Estonia is in EU, just like Czech Republic, Hungary and Poland, so it is not because of some laws that they aren't expanding to Estonia - financial laws are very similar within EU, so what am I suppose to think? That our government, that has been developing different e-services from e-tax office to e-voting, doesn't allow PayPal to expand to Estonia?
     
    hanz, Jun 9, 2007 IP
  16. eddy2099

    eddy2099 Peon

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    #16
    eddy2099, Jun 9, 2007 IP
  17. hanz

    hanz Peon

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    #17
    That is what I am talking about, I cannot use PayPal. And how much time do they need? We have been send only for years and they haven't even thought of upgrading our accounts, while Czech Republic, Hungary and Poland were all added into send only list at the same time with Estonia, but now they can receive payments plus Poland now has its own paypal.pl site.
     
    hanz, Jun 9, 2007 IP
  18. dream274

    dream274 Peon

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    #18
    anyone here use google checkout?
     
    dream274, Jun 10, 2007 IP
  19. dracula

    dracula Peon

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    #19
    Pro

    Most popular secure method of payment

    Con

    Phishing attacks can be possible...an identical looking website is sometimes used to fool people shopping via internet
     
    dracula, Jun 10, 2007 IP
  20. hanz

    hanz Peon

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    #20
    I have used it couple of times to make payments, but because they only allow sellers from UK and USA they don't have many seller yet and so there isn't much to do with it. Anyway I am quite positive about it and would certainly use it more often if only more websites would accept it.
     
    hanz, Jun 10, 2007 IP