In my experience PayPal identified bogus credit cards faster than my standard merchant account. I have had stolen cards come back on my regular merchant account several weeks after the transaction was approved. They simple grabbed the money right out of my bank account and there was absolutely no recourse. I personally think Paypal does a better job of it than a regular merchant account. But the problem with being a merchant who excepts credit cards is that the merchant is always going to be the one who gets the charge back. It really has nothing to do with PayPal, that is just the way the credit card business works.
I've used PayPal since they started. I use it for my business and Ebay. It really helped my small business because I have a big ticket item and the customers appreciate being able to pay by credit card. Yes, there is a fee but it is worth it considering how much new business I got once I accepted PayPal. And, I have a lot of internation customers and never had any problem with PayPal. Not only can it be sent to my bank account quickly I can also use BillPay for free! I use BillPay alot. Thanks to them I can pay a credit card on time. Kudos for PayPal !
The frozen accounts are true but a small percentage of its users. Its free shopping cart and credit card co in one and easy to implement for a beginning site. For some sites the rates with normal ecommerce would be quite high for high ticket items. Before ebay took over some would have considered using them on certain sites as unprofessional and some still do. Who wants to pay x amount to open ecommerce account and pay gateway and pay e-commerce company when your not getting their minimum sales quota? Or your not getting any sales because you cant be found in google or ink. Bad point to use the system your customers have to sign up. Well some say just one extra click would cost you your sale. Well how about a sign up sheet to use your credit card. As a second or third option for receiving monies on the internet they are great. The more ways to pay the easier for the customer and more options for the business owner. For a new company not well listed depending on adwords or overture for traffic they fit the budget. jmho
Yes paypal seems to be the way to go I have also used it for over a year now aswell and have had no problems yet.
...This thread is over 4 years old. But I have used paypal for over 7 years, and I am happy with them. I have had my problems over the years, but all in all I have been happy.
what is a Paypal? I know the answer from last 2 years only. and what is a Internet I know only from last 4 years. but now my career is in Online I am also haappy with my 2 paypal account. but i just cut for fees. Google checkout fee is only 2% so why i use paypal. Thanks.
I'm trying to get set up with Paypal Website Payments Pro, but for a newbie such as myself, it seems like a very daunting task.
I do, and I'm a happy user there. It works just fine and is a probably the highest online transaction system out there, except for credit cards of course.
Including me more than 50 perent of the world uses paypal for their online money transactions. Paypal is international and fast in service also. It is safe and secure.
Paypal sucks but everyone is using it so unfortunately sellers don't have an alternative if they don't want to lose sales.
You really just need to be careful who you trade with, I use PayPal with eBay and I usually check the reputation before accepting a bid.