PayPal

Pros

It's easy to use, people have used it for 10/20 years successfully.

Cons

The API isn't friendly on websites compared to stripe.

Alternatives Considered

Reasons for Switching to PayPal

Pros

I like the fact that I can often pay through Paypal when I am buying something online on a website that I don't fully trust.

Cons

First of all, Paypal is very expensive, at least in Europe. Customer service is non-existent, you end up battling with one bot after another, and the case is never solved. I have had countless situations where my partners' Paypal accounts have been shut down temporarily because they have requested some information and after the information has been given to them - the correct, exact information they asked - they have responded that the information is wrong and they close the account until the "correct" information is given. And it has taken months to get the account back. Not very good if your store relies on this, or you have a lot of money in Paypal. I would never ever keep any money in the Paypal account, ever. Also what bothers me is the constant pushing to open a Paypal account when my customer just wants to pay with a credit card. Come on, let him pay, take the (high) fee and that's it. No need to push your own product.

Alternatives Considered

Reasons for Switching to PayPal

Pros

What I like about PayPal the most is the fact that people don't have to put their credit cards in my client's website like Stripe. Customers are more comfortable to login to their PayPal account and pay by credit card through PayPal. I think this is the most important benefit of PayPal. It's user friendly and very easy to understand the platform. Some customers email my clients and ask their PayPal email to send payment manually, which is also a great option. By the way, refunds through PayPal are instant so you don't have to wait days to get your money back to your credit card. That's why I love PayPal a lot.

Cons

The pre-authorized or autopayment is the worst! every time I buy things by PayPal, I'm afraid an automatic charge for the next month. I have google to find out how to disable that automatic charge. I believe the Canada app is different than US app because, again, my friend always call me to ask how to disable some auto charges from his PayPal app and it's different than mine.

Pros

Quick and easy way of making online payments.
Available on mobile phones
Protection against fraud

Cons

High transaction fees
Not accepted by every seller, such as on Amazon.

Pros

The fact that there is a mobile version that can help you do business while on the go is one of the best features of the software.

Cons

The fact that it can not be opened in third-world countries is a minus for me.