Paypal cons. Pitfalls of the PayPal system: reviews of real users

When a user chooses an electronic payment system, he wants to know in advance about the "pitfalls". In this article, we have specially collected the most useful reviews about PayPal for those who want to weigh the advantages and disadvantages of the system. This information will be more useful than advertising texts on the main pages. In order for you to make your impression of PayPal, what it is and how to use it - reviews of real people collected by us from several sites. We invite you to take a look!

Impressions of work: easy and fast!

I started using the service without delving into the details, because I only made payments in online stores. Over time, I figured out the possibilities, since the site pleased me with an accessible interface. I found the answer to many questions by studying the sections, and now I am actively making purchases.

Why did I switch to PayPal? Some stores did not accept webmoney, but I wanted to apply not only to Grinmamu, Ozon or Aliexpress. After registration, I then mastered Buyincoins; Initially, the money was withdrawn from the linked card, but later a decent cashback in the form of interest on purchases accumulated in my favorite store. To facilitate the task, and soon made the payment! You can choose the right currency, but I don’t always calculate the benefits - the ability to buy what you want is more important.

Unreliable system

For those wishing to use PayPal, reviews may seem like a guarantee of good performance. I also fell for the bait, so I say: be careful! I often buy from UK eBay and lose money due to system problems.

Once I won an auction, but the price dropped too much, and the seller did not send the goods. To take back the funds (this is called unclaimed money), I did everything as advised in the description. Nothing came, I sent a request, in response they said to wait. I waited and waited, the amount was not returned, they did not respond to new requests.

A recent example: money was withdrawn for a purchased item 2 times. I wrote a request, indicated nicknames and transaction number, but there was no result. I started calling, Russian support did not answer, as a result I spent money on a conversation with Luxembourg, because the pleasure is paid. I can give a few more cases, but the conclusion is the same: the service is bad. The pros (speed and convenience) don't make up for the unreliability and terrible service.

The only system that refunds stolen funds!

I used the site for a long time to transfer money to my husband's foreign account, but then I decided to pay for everything myself. I chose the product, gave the seller an email address, after which he asked for a phone number, ostensibly for delivery. The next day, another $10 was withdrawn from the account, and a record appeared that I had made a donation. , not counting on a quick result, but in the evening I received an answer. $ 10 returned: the withdrawal turned out to be unauthorized.

I waited a week to send the goods, I tried to contact, there was no reaction. When I realized that I couldn’t see the goods, I applied again. I was told that they wrote a message to the seller and took control of the situation. Soon they decided in my favor, and everything returned to the card! Found a new product, waiting for the parcel.

Buyer protection is a sham!

Not without flaws, after all. I use the services of different banks, so I willingly share my experience:

• First you need to make sure that there are funds on the card. After registration, a small amount is withdrawn 2 times (less than 100 rubles), which is later returned.
• It turns out to bind personal accounts, not correspondent ones. Therefore, a credit card from Tinkoff Bank did not fit, but a debit card was attached!
• PayPal does not work with Pioneer and Corn. I asked questions to representatives of Pioneer, and they reported that there were no restrictions on their part. Later it turned out that the payment system refused to cooperate.
• Ambiguous impressions remained from the "Russian Standard", after linking the card, the bank was very disappointing. Electronic payments went through, but when the seller returned the money for some reason, they were not credited to the card, but remained in the PayPal service. It was not possible to spend everywhere, and I decided not to work with Russian Standard.

It is important that immediately after the binding in the office stood. I did not immediately figure out that it was unprofitable, but then I changed it to the option from the bank.

Bottom line: I am satisfied with the services, but it takes a long time to understand the nuances.

Cooler than Webmoney

Recently, I was offered a part-time job at toloka.yandex.com, where there is no withdrawal to Webmoney. I began to think whether to open a Yandex.Money wallet or master the mysterious Paypal. I read reviews about Yandex and decided not to get involved! I began to understand PayPal, and it began ...

They asked me to confirm my email address, install mobile application, linking a card, providing personal data. My head was spinning, so many demands! Plus, from the reviews, I learned that after registration, $ 2 is withdrawn from the card. "Deceivers!" - I thought ... and decided to check. But the money was not withdrawn, on the contrary, they were transferred! After 4 days, about 20 kopecks appeared on the account, and for confirmation, I entered the amount in 2 boxes. After binding, I was able to perform operations!

I started transferring to the card, because I had accumulated 1000 rubles. With a trembling hand, I clicked on "Withdraw Funds" and prepared to wait a long time. But the money came not after 5 days, but after 3 days. And without interest, as in Webmoney, that is, it was not necessary to share what you earned. Result: the money on the card is safe and sound, but I prefer to cash out large amounts.

Slow, tricky, constant blocking

Andrey, 06 September 2016

It seems that Paypal employees are trying to create an impression of well-being with reviews. But for me this is the worst option!

I played online, upgraded my account and decided to sell it. I was interested in a guy from the USA, he offered. I have opened an account in the past and scanned documents were not required. Therefore, I agreed, because I used to buy, sell, withdraw, manage my own money.

After receipt, dollars were automatically converted into rubles, and it is clearly unprofitable. While I was sorting it out, they blocked me until I was provided with documents to confirm my identity. I sent scans and went to bed, and in the morning I called support: I managed to pass the authorization, but I couldn’t use the money!

After a new conversation with a nice girl, it turned out that "the system does not trust me", and for a possible unlock, several procedures must be completed. Again, scans of the passport, confirmation of the location of the residence permit, all in the second round! Then the operator offered to make a purchase for verification and hung up. But there was no result, I had to call again. As a result, they said that it could take about a month to unlock the account. They refused to switch to the boss, they talked about nothing for 30 minutes, there was no result. There is a 5th day, progress has not waited.

Convenient, easy and fast

As a user, I pay attention to the convenience of shopping on eBay or in foreign and domestic stores. Registration was the hardest part, but all I had to do was follow the instructions and be patient. For some reason, my card was not displayed in the service for a long time, although $ 1 was withdrawn from it immediately (later returned). I was dissatisfied, because I registered to make a purchase, with which, due to delays, I had to wait 4 days. But the rest was easy!

When buying on eBay after clicking buy now you will be prompted to choose the option with a card (Visa, Mastercard, etc.) or make a payment in PayPal by entering your login and password. It is easy to make a transfer on other platforms, just do not forget to set the conversion, otherwise you will lose at an unfavorable rate.

Impressions are mostly good, there were no difficulties. True, I did not return the money from the seller and did not resort to the "Buyer Protection" system, I hope it will not be needed in the future.

“Thanks” to this system, I got into 2 scams:

1. I ordered a camera from the USA, instead of it the parcel contained a bag of sand. The open dispute was lost because the seller had confirmation of receipt of the goods.
2. The second case is even worse! I was waiting for an order from Italy, but the package was lost. I won the dispute, the amount was returned, I found the right thing in another place and made a purchase. But then the first parcel was delivered to me, which was suddenly found. The seller tracked the tracking number and asked to return the goods, which I did. After that, he filed a complaint, and the system revised the results of the closed dispute! I was charged the cost of the purchase and sent to the seller, so I lost money and was left without the goods sent.

There was also an unpleasant story with a friend who uses PayPal. The account was hacked and bought goods for $ 400, which he found out after receiving an SMS about the write-off. The friend immediately blocked the card, but the stolen money was not returned. Why complicated registration, if there is no reliability anyway?

Despite the inconsistency of the reviews, they provide an opportunity to assess weaknesses and take measures to avoid unpleasant situations. Individual shortcomings can be corrected by carefully studying the rules, and the number of problems will be reduced to a minimum!

It is an electronic payment system with the longest history of existence and the largest number of users worldwide. Nine out of ten online stores make payments exclusively through PayPal.

The PayPal electronic payment system links a virtual account to a credit card or bank account - it is the only system that truly transfers money, not electronic payment units.

The main principle of this system is safety. The system guarantees the safety of accounts, but creates a lot of inconvenience for users because the slightest suspicion of dishonest actions of the client causes an instant blocking of the account.

History of the payment system

The world's oldest electronic payment system was founded in 1998 in the United States by economist Peter Thiel, entrepreneur Luc Nosack, and programmer Max Levchin, a native of Russia.

Confinity was created to make money transfers through mobile devices. The demand for such a product in the market was enormous and Confinity immediately receives a huge investment of about 4.5 million US dollars from Nokia Ventures and Deutsche Bank.

In 1999, Confinity merged with X.com, an Internet financial services company. The new company name is PayPal Ink.

The official website of PayPal has been working with clients since February 2000. The Internet is booming, there are many paid services and virtual stores. The electronic payment system attracts huge investments - 23 million dollars. Already in June of the same year, PayPal has 1.5 million customers and a daily turnover of 2 million US dollars per day. It is also important to understand

In February 2002, the corporation issues shares on the US securities market for a total of $900 million.

In October 2002, the payment system was acquired by eBay Inc for $1.5 billion.

PayPal today

To date, PayPal is the world's largest electronic payment system, in 2006 transactions worth 11 billion US dollars were made in the system - it currently has no competitors.

• 9/10 of all online stores make their payments via PayPal.
• PayPal has won over 20 different awards, including "Best Financial Site" (2006) and "Most Popular Financial Portal in the UK" (2009).
• PayPal operates in 190 countries. Feature of the system - in each country of service payment system different. The entire range of EPS services is available only to users from the USA, Western Europe, Canada, China and Australia.
• In 2007, the services of the payment system became available to clients from the CIS countries: Russia, Armenia, Kazakhstan, Azerbaijan and Ukraine.
• The company's website offers customers a choice of languages: English, Chinese, Spanish, French and Russian.

Payment currencies in PayPal

At the time the company was founded, payments in the system were made only in USD-dollars. Today, payments in the system are made in a number of currencies: euro, Canadian, New Zealand, Singaporean and Australian dollars, pound sterling, yen, yuan, Czech, Danish and Norwegian kroner, Polish zloty, Swiss franc and. You can do it in dozens of different ways, but only a few are available in Russia so far.

What is the financial activity of this system?

A PayPal client links a bank account or card to an electronic identifier - this is his email address. After registration in the system, the client can make electronic payments.

The minimum amount for a transaction in this payment system is 1 US dollar. Clients of the system from the CIS countries can have a limited amount of no more than 500 US dollars on their account.

PayPal users in America can send money instantly to PayPal via SMS. Soon this service will be available worldwide.

PayPal is the only one in the world that deals with real "live" money, so the security system instantly responds to the slightest violation of the rules for transferring funds.

Funds that the client enters into the payment system are deposited in Wells Fargo bank accounts. The insurance company SafeWeb Insurance insures the risk of clients to withdraw from the account without authorization more than 100 thousand USD-dollars.

The administration of the payment system recognizes as trustworthy only verified client accounts when all bank account details are entered in full. Such accounts have minimal restrictions from the PayPal security service, which regularly blocks suspicious accounts.

This system even has its own Wall of Shame on the web, where users of the system share their indignation at the actions of the security service to freeze accounts.

PayPal Services and Accounts

1. Electronic payment (sending). Transfer of a sum of money from a personal account in the PayPal system, a bank or card account verified in the system.
2. Request to debtors to transfer funds. The user sends letters to debtors in which he calls for payment.
3. Placement of payment instruments on the website. The service is available to owners of Premier and Business accounts.
4. Auction payments.

• automated mailing that requests the payment;
• You can pay with PayPal for purchases made on Internet auctions.

The electronic payment system offers its customers a choice of three types of accounts.

1. Personal account (Personal). Account for personal use - transfers to relatives, customers, payment for purchases only within the system. The account limit is $500 per month. An unverified account opened in Russia or Ukraine is limited to $100 per month. An account opened in the USA has no restrictions.
2. Premier account (Premier). It is intended for the turnover of amounts exceeding the personal account limit. Allows you to pay PayPal to your account from credit cards, it is possible to integrate the account with the site.
3. Business account (Business). It is opened for financial activities of companies. It has the details of the company, its logo and functions on its behalf. A company to open a business account must have a tax registration number.

Russians use a limited set of services of this system:

1. Making electronic payments via PayPal from bank and card accounts.
2. Acceptance of payments - the service has been available only since 2011. Amounts received in an electronic account in PayPal cannot be withdrawn to a bank account or card. The money can only be used to pay for online purchases.

Payments are made in rubles, all information exists in Russian format.

To become a client of the PayPal electronic payment system, it is enough to go through a simple registration procedure in the system. The identifier will be the email address.

The security system requires the entry of complete information about the client. Verification of the account in the system is carried out only after the full introduction of all information about the account. At the time of verification, the card should contain an amount of about 3 dollars - a membership fee for verification of 1.95 dollars and a symbolic amount of 1 dollar, which will be returned after registering an account in the system.

In Russia, there is a service - the sale of a virtual Paypal card with a certain amount on the account, for example, in QIWI terminals. Such a card does not require the introduction of personal account data into the system. Keeping large amounts on such a card is not recommended - unverified card data is quickly calculated and blocked by the Paypal security system. In this case, it will be impossible to receive the money remaining on the card.

Advantages and disadvantages of PayPal

The main advantages of the system are:

• reliability and high level of security;
• ubiquity;
• ease of use - the identifier is an email address;
• fast and simple calculations;
• the system withdraws money directly from a bank (or card) account.

Flaws:

1. Users of the system in Russia and the CIS countries have a limited personal account limit - about 500 US dollars. From the complex of system services, only making payments within the system and paying for online purchases are actually available.
2. Money on the system's accounts is not converted into electronic currencies.
3. The security system has an unlimited right to block electronic accounts.

So, let's summarize and highlight the basic principles of this system:

1. PayPal is an electronic payment system.
2. This system is the oldest and most widespread in the world.
3. System users have the opportunity to make cash payments directly from their bank account linked to an account in the PayPal payment system. The system transfers real money, not electronic counterparts. The funds are kept in the bank.
4. 9 out of 10 online stores worldwide make payments using PayPal. The system is distributed in 190 countries.
5. Russian users of the system (as well as most CIS countries) using PayPal can only make payments within the system and in online stores. The amount on the account is limited to 500 US dollars.

PayPal is one of the modern electronic payment systems, which is currently in great demand and popularity, especially in the West. According to statistics provided by representatives of this system, today about 85% of all transactions at the auction are carried out through this system. It should be noted that this system is great for making and paying for various kinds of purchases, actions, services.

1. Register with PayPal

So, if you decide to become one of the members of the PayPal system, then you definitely need to familiarize yourself with all the features and subtleties of the registration process. It is worth noting that the system is based in English, but it is unlikely that you will have difficulties and problems with registration if you follow and follow the entire sequence of the instructions below.

The registration process in the system includes several stages, each of which has its own characteristics that you need to know about in order to do everything correctly and without errors.

1.1. Choosing an account type in the PayPal system

So, at the very beginning of your journey, you need to go to the official website of the PayPal.com system. On the main page at the top there is a link "Sing up", which means "Registration". You need to follow this link and enter the following information in the opened page of the site. These are: the country of residence and the type of the selected account, since each type and version of the account has its own registration specifics. It should be noted that the system has three account models:

• Personal is intended for those who use the account only to pay for services, and in rare cases to replenish. As a rule, these are online stores, or auctions, exchanges. feature of this type account is that it is not possible to make payments from credit cards of third parties.
• Premier is intended for those system participants who regularly deposit and withdraw funds, and also accept payments to their personal number.
• Business is best for running an online business.

According to experts, Premier is the best account option, which includes a wide variety of monetary transactions. The peculiarity is that with such an account it is possible to accept payments from other countries.

1.2. Entering personal data

The next step in registration is to fill out the registration form, in which it is necessary to prove reliable personal data in order to be able to carry out monetary transactions in the future. Here you need to enter the following information. This:
1) personal data;
2) phone number, which is usually indicated in the international format;
3) choose the currency with which it is more convenient for you to carry out all monetary transactions;
4) your address;
5) choose your login and password, but in most cases the login is an email address;
6) indicate a secret question and an answer to it that only you will know - this is in case you get sick of your password and you need to quickly recover it.

After all the fields of the form are filled in, you must click on the confirm button, thereby agreeing to the terms of work in the system.

It is worth noting that all initials and data must completely match the data of a bank card, on the basis of which all further monetary transactions will be carried out. Therefore, in order not to make mistakes, all data can simply be copied from the card.

1.3. Entering credit card information

After the registration form is filled in, you go to a new page of the site, on which you must provide and enter all the data from the plastic card. Why is this necessary, you ask? Yes, everything is simple, since it is this plastic card that is assigned to your PayPal account, from which the necessary amount of money will be withdrawn to pay for the services you purchase. Remember that before you register in the system, you need to have at least 4-5 dollars on the card, otherwise the authorization process will not be possible.

So, let's look at what data you need to enter from a plastic card. This:

1. First / Last name - initials, the same as on the map (in Latin letters).

2. Card Type - specify the type of your plastic card. It can be Visa, Master Card, American Express, Discover. In the event that you have a different card, then the registration process will not be possible further, since the system cooperates only with these specified types.

3. Card number - card number. Remember, the number is entered without spaces, despite the fact that they may be on the plastic card number.

4. Expiration Date - card validity period.

5. Card Verification Number - this is a verification code, or more precisely, these are the last three digits of the number, which is located on the wrong side of the card.

1.4. Activation confirmation

In the event that you have successfully completed all the steps, then a notification of activation will be sent to your mailbox, indicating the link you need to follow.

In the event that it is not possible to go through the specified link, then another activation method will be indicated below. For this method, you will need to go to the page of the PayPal website and in the upper left corner find the link "Confirm email" and click on it.

1.5. Card verification

This step in registration is mandatory, since with the help of verification a special system is created to protect your account from freezing your account. money account, or to eliminate existing restrictions on funds in your account.

To do this, you need to find the "Complete Expanded Use Enrollment" link and follow it. Remember that for the implementation of this operation, a small amount of money will be charged from your plastic card, which can be equal to $ 1.95. It is worth noting that this program does not work immediately, because only after a week, you will receive a letter with a code that you will need to enter on the PayPal website.

The registration process in the PayPal system is carried out directly by the person for whom the account is opened.

2. How to use PayPal

Let's take a quick look at the instructions and features of payment in the PayPal system. Everything is actually very simple, the main thing is to understand and delve into all the features and subtleties of this function. As a rule, the payment is made within a few minutes.

So, what you need to know first of all in order to make a payment transaction in the PayPal system?

First, you need to know your individual and personal account ID of the person to whom you are going to send the payment. Remember that in this case, the seller's mailbox can act as an identifier.

Secondly, it is a commission. As a rule, a buyer who pays for a purchase through PayPal does not pay a commission fee, since the entire percentage is deducted from the recipient's account.

Thirdly, it is a guarantee of security. All transactions for money transfer are carried out only after re-confirmation of payment.

Currently, working with the PayPal system is not only simple, convenient, practical and comfortable, but most importantly, safe.

Like any system, PayPal has its own distinctive features and characteristics that distinguish it from all other varieties and categories of payment systems. Let's take a look at the very basic features and benefits of PayPal.

3. Pros of PayPal

1. Firstly, it is the presence of a personal identifier for each participant in the system. This identifier is sent to the client's number after he has successfully passed the registration stage. It should be noted that this identifier is necessary, first of all, for transactions, payment for services. All that is required of you is to know the number of the identifier to which you are going to pay for the service.

2. Secondly, this is an instant payment for services. It should be noted that the payment process is carried out in a fairly short period of time. But, it should be remembered that the seller, for the services of the system, is charged a small commission, which is 4%.

3. Thirdly, the presence special programs and mechanisms, the main task and purpose of which is the protection of the buyer. As a rule, such systems include appropriate insurance for the purchase being made. It is worth noting that in the system, in case of a conflict or disputable situation, there is a special section, a service for solving your problems, which anyone can use if they encounter difficulties.

If you are not yet a member of the PayPal system, then you need to register as soon as possible, to experience all its benefits and advantages.

In contact with

In all spheres and industries, there is always a leader. It is he who, by his own example, demonstrates the correctness of the chosen direction and the optimal combination of important advantages. Among the operators of electronic payment systems, PayPal is such a leader today.

What is PayPal?

PayPal is an electronic payment system with which you can make purchases, pay bills, and accept transfers.
to any other currency you can on our website.

When was PayPal founded? Who is its owner?

The company of the same name was founded in 2000. To create it, it was necessary to merge two other companies - X.COM and Confinity. 24 employees of the newly formed company and became the first customers of PayPal Inc. The convenience of electronic payments, the speed of transactions and loyal conditions for newly connected customers in just a few months made it possible to attract hundreds of thousands of new users to the system. And the beginning of servicing the then most popular eBay auction predetermined the future success of the service. Record growth in the popularity of this payment system led to the fact that already in 2002, the owner of PayPal Inc. became eBay.

What is the position of PayPal today?

Currently, PayPal is represented in more than two hundred countries, and over 137 million users are registered in the system itself.

In what currencies can I make money transactions with PayPal?

PayPal offers to make payments in 26 types of national currencies. Among the most popular are: euro and US dollar, pound sterling and Japanese yen, Canadian dollar, Swiss franc, shekels, Mexican and Philippine pesos, Hong Kong and Singapore dollars, Thai baht and Russian rubles.

What are the commissions in the system?

Commissions for the countries of the former Soviet Union differ in amounts. When making internal PayPal dollar transfers from Ukraine, Belarus and Moldova, users are charged 3.4% plus 0.3 c.u. In Russia, transfers in dollars, like other foreign currencies, are prohibited. The Russian commission for internal transfers is 3.9% plus 10 rubles. When transferring funds abroad, the commission ranges from 0.4 to 1.5% and depends on the specific country where the payment is sent. The operation to transfer funds abroad from a Russian bank card costs users an additional 3.4% plus 10 rubles. Receiving foreign currency from abroad and sending them to other countries are allowed for users of all countries - Russia, Ukraine, Belarus and Moldova. Commissions are also provided for recipients. Thus, Russian sellers (payees) are forced to pay from 2.9 to 3.9% plus 10 rubles per transaction. More detailed terms of commissions for recipients are described on the official website of the PayPal system. For Ukrainian users, payment for purchases on the Internet remains free, and for sellers, from 2.4 to 3.4% plus 0.3 US dollars are withheld from each transaction. Bank card payments in personal payments within Ukraine cost 3.4% plus $0.3. In this case, the commission can be paid by both the recipient and the sender.

Who can use PayPal?

Anyone can become a PayPal customer. And this does not require any special knowledge or documents. The process of registration in the system is step by step as follows: - on the main page of the official website of PayPal, go to the "Sign Up" form; - indicate the country of residence; - select the "Personal" type of account; - fill in all the proposed fields; - confirm your consent by ticking the appropriate box; - enter the details of a personal credit card from which payments will be made (if it is not available, this step can be skipped); - follow the link that will be sent to the e-mail you specified during registration; - confirm the credit card by clicking on the appropriate link on the site (this step will charge your card 1.95 USD). After that, a small amount will be credited to your card, and a four-digit number will be indicated in the additions to the transfer. It will need to be entered on PayPal.com. Please note that a test transfer from PayPal may not be made immediately, but within the next few days.

Are there any restrictions on PayPal?

Of course, a number of restrictions apply to all PayPal customers. But there are special conditions depending on the country. So, in Russia, since recently, the following restrictions have been applied to anonymous payments: - Anonymous cannot withdraw money; - cannot make transfers for a total amount of more than 40 thousand rubles a month; - the amount of a one-time transfer should not exceed 15 thousand rubles. Users who have passed a simple identification verification can make transactions in the amount of up to 200 thousand rubles per month, and for identified customers, the opportunity to withdraw up to 5 thousand US dollars from the account is available daily. Withdrawal of funds from a PayPal account in Ukraine can be carried out not in cash, but by paying for goods and services around the world - at auctions, in online stores, to pay for communications, the Internet.

Does PayPal have cons?

The disadvantages of the PayPal system can be considered: - the possibility of blocking an account without explaining the reasons (of course, the blocking can be challenged, but this will take time); - the impossibility of converting currencies (for example, from the ruble - into dollars, from dollars - into pounds sterling, and so on); - Significant restrictions for users from the countries of the former USSR (however, this shortcoming relates rather to the legislation of these countries).

What are the advantages of PayPal?

We can talk about a huge number of advantages of the system based on its popularity in the world. PayPal users see the following points as the most important for themselves: - an excellent level of financial protection; - record prevalence - thanks to PayPal you can use your own electronic account in almost any country in the world; - high speed of operations; - simplicity and accessibility of the Russified interface, which can be used by any user of a computer and the Internet; - the possibility of conducting transactions with the account using a mobile phone; - thorough verification of sellers as an additional protection against fraud.

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Konstantin

It is impossible to convert funds, but it is possible to transfer from a ruble wallet to a dollar wallet without a commission, at Paypal rates, that is, if you transfer $ 1 from a ruble account to a dollar account, then rubles will be debited from you, and dollars will come, and if you withdraw dollars to ruble card, they are automatically converted into rubles at the rate of your bank.

PayPal as a payment service is an integral part of online trading. We will briefly tell you about the advantages and disadvantages of using PayPal.

PayPal Benefits

New PayPal account interface

Paying with PayPal is a common payment method for online transactions, along with bank transfers from a debit or credit card. It is especially relevant when shopping abroad. Sellers on eBay are even required to offer PayPal as a mandatory payment option. The reason for the widespread use of the service lies in the quick and uncomplicated payment process.

• PayPal is easy to use. To pay for online purchases, you only need your email address and password. This allows you to sign in to your PayPal account and verify your payment details.
• Transactions are completed very quickly. Once you've made a payment, PayPal will immediately inform the seller and transfer the amount to them. And the seller can immediately send the order.
• PayPal does not share any bank account or credit card information with the recipient. The seller does not need this data, because the payment will appear in his account PayPal, and from there it can already be transferred to a bank account.
• A PayPal account can also be used to send money to friends, family, or anyone else. All you need is the recipient's email address. He must also be registered with PayPal in order to receive money from you.
• PayPal offers "buyer protection" as a security feature. If you didn't receive the product you ordered, or it arrived damaged and you can't resolve the issue directly with the seller, simply turn on buyer protection. PayPal will review the purchase process itself. If your claims are correct, you will get your money back.
• If you are returning a product and need to pay for the postage yourself, PayPal will refund the postage to you. You can make 12 returns per year, a maximum of 1500 rubles each. To do this, you just need to activate the service once in your PayPal account.
• PayPal payments for purchases and transfers to friends are free if they are made in rubles in Russia. Maintaining a PayPal account is also free for both personal and business accounts.

PayPal Disadvantages

Phishing email disguised as a PayPal notification

• PayPal accounts are often misused by criminals. With the help of fake emails, a PayPal customer can be directed to fraudulent websites that ask him to reveal his personal data or enter a password from PayPal. Therefore, always be careful if you receive such an email from PayPal, and never click on the links. Access the PayPal page directly from your browser.
• Your PayPal transaction data is primarily stored on servers in the United States. When registering, you sign an agreement on unconditional consent to the transfer of your personal data abroad. Where - PayPal does not report. Therefore, it is not clear where exactly your data is located, and what precautions are taken to protect it.
• PayPal shares data with third parties. This is necessary to process transactions or comply with the rules of other services. It is possible that your data will be sent to other companies for credit checks, dispute resolution, and even marketing purposes.
• Online merchants must pay PayPal tax on received transfers. If they refuse to do this, then for payments and transfers to PayPal currency will charge you a 4% commission on top of the wholesale exchange rate.