Paypal Review

Located in San Jose, California, PayPal was founded in 1998 and was acquired by eBay in 2002. I know that you all are very familiar with Paypal which is one of the world's widely used payment processor for payment processing or transactions over internet. I know that a great payment processor like paypal does not require any reviews but still I thought that it would be a nice thing to post a short review about paypal for the reference of those who are searching for the proof of validity of paypal as a genuine payment processor.

Here are some of the advantages/merits/pros of Paypal :-

1> It is the most widely used payment processor than any other payment processor over the internet.

2> By having Paypal as your primary processor your chances to do a transaction in any nook and corner of the world increase significantly.

3> All the Business2business sites, E-shops, E-sellers, and those selling goods and services accept Paypal.

4> Has the lowest transaction fee which is 1.9% to 2.9% + 0.030 USD depending upon the kind and amount of transaction.

5> PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, PayPal Smart Connect or account balances, without sharing financial information.

6> PayPal has received more than 20 awards for excellence from the Internet industry and the business community.

7> You can receive funds quickly from anyone with an email address in the 190 countries and regions that accept PayPal.

8> Best and safest payment processor for Merchants, E-businessmen and non-profit organisations to send and receive money.

9> The customer service and support is very good and fast. I have always got the answers to my queries quickly by their support staff.

10> Indian users get a great facility to withdraw money directly to their bank accounts.

Disadvantages or Demerits or cons of Paypal :-

1> Paypal is not available to some countries like Pakistan.

2> For Asian countries like India, there are strict restrictions where you cannot send or receive money from other people with using a credit card. This is due to the Rules set by the Reserve bank of India.

3> According to new rules by Reserve bank of India, Indian users cannot keep money in the Paypal account for more than 7 days, the money kept more than 7 days will be automatically transferred to the Government of India.

4> The verification procedure of paypal is stricter than any other payment processors.

Conclusion :
Paypal is tbe best and safest of the payment processors which is widely used around the globe.