Paypal is a safe and secure option | for small and medium merchants
Paypal is a safe and secure option. Growth in net penetration has led to extraordinary growth in online commerce and experts believe that trade, which has already doubled in the last three years, will grow at least 7 times in the next 5 years. To match this growth, the need for merchant accounts, credit card processors and payment gateways is increasing.
Unfortunately, the growth of online trade has matched the relative growth of the parallel profession of internet fraudsters. To further complicate the issue, legal infrastructure in many countries is at an early stage to combat net scams. The electronic contracts issued did not test the legal waters.
Getting a merchant account is not easy for everyone. In order to have hackster proof networks secure it is necessary to increase security levels in line with the costly initial setup cost and the increasing threat awareness.
How then can a consumer demonstrate a keen interest in making transactions on the net with a sense of security? You must study the consumer opinions and terms of credit card processors. In reality, http://www.InternetMerchants.info compiles a list of credit card processors. It's a smart idea to depart from this location.
Paypal is a safe and secure option: PayPal
In such cases, PayPal is an easy choice. PayPal, with more than 85 million active accounts and a presence in more than 55 countries, is the fastest, easiest, most cost-effective, reliable and globally preferred method for online shopping. It has practically a merchant account, a credit card processor and a payment gateway.
PayPal offers a virtual merchant account for a fraction of the cost to small businesses, with no recurring fees, free anti-fraud technologies, no setup or gateway costs, free merchant and eBay capabilities, and transaction fees starting at $0.
For smaller customers, its rates may seem higher, but for higher volume customers, it is about 10% cheaper than a merchant account. For example, for a merchant with a turnover of $ 1 million through PayPal, its standard merchant fee might be $ 29,520, including various annual fees, PayPal charges $ 26,550.
Paypal is a safe and secure option
PayPal - a great solution for small and medium businesses and professionals
With PayPal, you do not need to have any website, you can accept payments using an email account and your customers do not even have to have a PayPal account.
If you bid on anything online, PayPal will take care to automatically notify the winning buyer about the end of the listing with a backlink to the listed item.PayPal will also handle your shipping requirements. It provides tools for calculating shipping costs, creating shipping labels, tracking delivery, and paying for insurance for shipped goods.
PayPal has also partnered with Yahoo and you can now build, set up and manage your own e-commerce website using Yahoo Merchant Solutions, including site-building tools, easy tools to manage your orders and inventory, and more.
PayPal will help you fight unreasonable charges with the support of buyers.
PayPal Pros and Cons
Here are some PayPal advantages and disadvantages to consider:
Pros
PayPal is an easy to use - very simple way to send money to friends and family.
You gain an extra layer of security and fraud protection when you pay using PayPal.If you make a purchase using PayPal it ends up being fraudulent, PayPal will help you get your money back.
PayPal encrypts your bank or credit card information and keeps that information secure.
There is no charge for sending money to friends and family.
Cons
While using PayPal to send money to friends and family is free, you will be charged a fee if you are sending money through PayPal as part of a business transaction.
PayPal also charges a 1% fee if you want instant access to your money; Free bank transfer can take several days.
PayPal is very aggressive when it comes to account freezing. And if they decide to freeze your account, they will keep your money until you prove that you did nothing wrong.
Paypal is a safe and secure option
Limitations on PayPal Acceptance
PayPal has some restrictions on items that can be traded using counterfeit goods, gambling activities, child pornography, etc.
Paypal is also ideal for buyers.
Sending money
It's simple to send money with PayPal. Money can be sent for free in the US/Canadian/Australian Dollar, Pound Sterling, Yen, or Euro to recipients in 55 countries where PayPal is accepted.
It will also help you earn from referrals
PayPal can also help you make money by referring your friends. You can place a referral link on your email or website and every time a merchant signs up for a new PayPal Business / Premier account you will receive a 0.5% commission on the payment value limited to $ 1,000.
Safety measures
Working with over 1000 employees and using encryption and CVV2 checks, PayPal has a robust security system to prevent identity theft and claims 100% protection against unauthorized payments. PayPal offers you the ability to install the Safety Bar for free for one month to protect yourself from spam and malicious emails through your PayPal account, but after a one month initial period, you will have to pay for it.
If you register a dispute with the seller regarding the quality or content of the goods, you can contact the dispute resolution experts with PayPal. PayPal has also acquired Verizon payment services and added industry-leading tools for payment protection.
Paypal is a safe and secure option: PayPal also has its critics
Although PayPal's loss rate is less than 0.5%, PayPal has a good number of critics compared to MasterCard or Visa. With PayPal you lose your rights under consumer protection laws. PayPal will not allow you to issue a chargeback in the event of any unauthorized activity from your credit card or PayPal account. They also complained that PayPal inserted a word to withdraw funds from your bank account to ensure recovery against you.
The worst allegation against this is that if someone pays you with a stolen credit card, your account will be immediately flagged as "criminal behaviour" and any money in that account will be confiscated!
In fact in a lengthy public trial Pay PayPal decided to settle out of court and pay $ 9.25 million and withdrew from the entire charge for fear that the verdict would force it to change its dubious practises.
Despite allegations and critics, the fact remains that PayPal is emerging as a global leader in online payment solutions worldwide. With its restored focus on customer satisfaction, it should be able to reclaim the land it lost.
Comments
Post a Comment