PayPal has a free version.
- Industry: Financial Services
- Company size: 51–200 Employees
- Used Daily for 2+ years
International payment system that stands as a gold standard
We now have a PayPal button on our website that indicates to clients that we accept PayPal payments and we now receive funds from everywhere. It is an easy to use wallet and you can make withdraws easily to your bank account or credit card.
It has provided us with the opportunity to receive funds instantly from our clients from all over the world. All this happens at the best lowest expense possible. The most important thing you can create and send invoices very easily to clients. We are also able to request payments from clients. The choice to differentiate between personal and business accounts, of which they are all free to open, makes it more client focused. PayPal exchange rates to other currencies are also good than other companies that rob from clients by manipulating currency exchange rates. Buyer protection is another best feature to prevent fraudulent sellers from scamming clients.
As much as paypal is making life simple and is helping building a global community, their introduction of fees when you are sending money to a friend across borders makes it unfair.
- Industry: Internet
- Company size: 2–10 Employees
- Used Weekly for 2+ years
The Global Solution - but not the best
As someone who likes to solve problems and its willing to work around technicalities to make things work, PayPal has been a very decent experience. As I mentioned, I really miss some key features regarding recurring billing and checkout customization but, as an overall, it is an amazing platform.
What I really like about PayPal is that it is available in almost any country in the world and works with almost any existing credit card. It's also a great payment option because it has no initial upfront costs, which means that anyone can start using it right away. If, for some reason, you cannot have the money transferred to your local bank, PayPal will transfer the money to any dollar card you might have within two days. The fact that you can also embed it to your website or smartphone app is also great. You can also create a PayPal.me checkout, which will allow you to charge anyone any amount you need to charge in a quick and simple way by via a link you can share.
I think that the user interface is not the easiest to understand at all. PayPal also lacks on features when it comes to, for example, recurring billing systems (recently, they tried to improved it but the generated codes - to embed on a website - generated an error, which is something unbelievable coming from such a giant technological company), and the options to charge or personalize the icons are not the best neither.
The $5 (per transaction) and 5% commission of the total amount you are transferring are not the lowest on the market neither. This is only compensated by the fact that they are the most globally accepted payment platform in the world.
Finally, customer service doesn't exist at all and you must solve almost every problem and question by yourself. Google and forums are your only source of help. This is, probably, one of the worst things about PayPal. What happens if they freeze your money and you cannot withdraw it? No one knows.
Reasons for Switching to PayPalPayPal is, by now, the only platform that works in most countries of Latin America. It has almost no upfront costs neither and its international reputation transmits a certain degree of guarantee.
- Industry: Construction
- Company size: 10,000+ Employees
- Used Daily for 2+ years
Paypal is awesome process payments faster
Processing period should be decreased a little bit
- Industry: Staffing & Recruiting
- Company size: 501–1,000 Employees
- Used Weekly for 6-12 months
PayPal Advantage and Disadvantage.
My experience with PayPal was good and stressful I'm using their services to received payment from buyers to my freelance business. It is quite easy and fast transaction but when your service is on Good and services you must to take care of your PayPal transaction because PayPal has strict policy regarding Virtual good products that may lead to stressful situation. I must give a PayPal of 4 out 10 ratings through the difficulty I had experienced to their services.
What I like about PayPal is the convenience brought to it's user wherever you are in the world you can use PayPal to received and send payment. Most of businesses offered PayPal for method of payment and it's very essential to pay to its client by seamless PayPal transactions. And you can also buy or do shopping through their partner merchant all over the world. Over all PayPal is the top of notch when it comes to Payment solutions.
What I don't like about PayPal is their system of automatic block of the users when they are using or receiving a Good and Services products. This is one of the disadvantage of using Paypal through Good And services product their system automatically detect and predetermined that you are doing illegal without any valid reasons. This scenario brought bothersome to some users using Good and Services products.
- Industry: Alternative Medicine
- Company size: Self Employed
- Used Weekly for 2+ years
PayPal is priceless! Efficient & simple. Must have for Small businesses!
I’ve honestly have had an incredible, simple, effective experience with PayPal. I was lost when it came to tech but I knew I had a good experience with PayPal as a user so I immediately got it for my business and I was soo relieved it was easy/simple to use! It’s helped me take my small business to the next level! It’s safe, I never worry about my data or my clients data, fraud or anything. I’ve easily integrated PayPal into my other systems, like calendly and my website. Invoices look so professional and are so organized, which helps with tax season! It’s not expensive, it is fair pricing, unlike other systems I looked at. PayPal is always innovative and upgrading so I know my business can grow with the trends, even be ahead of the trends. As my business grows larger, PayPal has all the tools I need to assist it’s growth. PayPal is priceless! I feel like PayPal just gets me and my small business.
The ease of use attracted me most. I’m not tech savvy at all but I was able to quickly figure my business PayPal. I can integrate it into my other software and that’s been extremely helpful. Having PayPal has made things so much easier for me, I never have to worry about payments, security, etc., because PayPal is on top of it all. The fact that it’s easy to use makes it priceless!
There’s not much I don’t like about PayPal, The only thing I wish they had was scheduling so I didn’t have to have calendly.