PayPal

Pros

Its security and usability for online payments, which allow customers to send and receive money without giving businesses all of their personal information.

Cons

PayPal block users and freeze and hold funds from accounts without warning, which irritates users.

Pros

Paypal is accepted internationally and we can global merchants accept it for payment and is also very secure.

Cons

transferring money from paypal to bank sometimes take more time than usal.

Pros

Being able to use the virtual terminal to take credit card payments, links you can send in text messages to receive payments, QR scanning to ring up items as well as take a payment.

Cons

The captcha glitch is the worst, next is the lack of quality customer service, trying to accomplish adding money to your balance and 90% of the time there is an error. Business App should have more options to take payment.

Alternatives Considered

Reasons for Switching to PayPal

Pros

The scammer is always right, goodjob Paypal Lets make the world a saver place (not)

Pros

We could make customized invoices so our customers could pay online. We could also type in payments that we received over the phone.

Cons

Our cost of each transaction was higher than other products. It takes longer to receive our money than some other products.

Alternatives Considered

Reasons for Switching to PayPal

Pros

It is used by lots of website and by lots of people

Cons

PayPal sudenly can close your account with no questioning

Pros

Yes, Its great that we can accept payments from anywhere in the world, As a Freelancer paypal helped me Expand my business to grow outside India.

Cons

The charges are just too high, If the charges are are high for inernational Payments than its undestandable but for Same country that's High, Paypal Need to Take care of that.

Pros

The simplicity and how it evolved over the years. I love the savings program

Cons

Transfers sometime take over 2 weeks to complete. Seems to be something they’ve improved recently.

Pros

It's world wide, so you can connect with everything

Cons

It's kind of difficult to recognize some real users

Pros

I like that its a global online product and the fast payments – I can receive payments instantly. No waiting for checks or long bank transfers. and I like that PayPal works in many countries and supports different currencies.
Lastly its easy to set up – I can add PayPal to my website or online store quickly without needing advanced tech skills.

Cons

Fees Can Be High – PayPal charges transaction fees, which can add up, especially for small businesses or frequent sales, and for holding funds up to 21 days on other transactions.

Pros

It's simplicity and fast processing of payments.

Cons

Handling of disputes,the app becomes inadequate in such matters.

Pros

PayPal has gotten much easier to use over the last several years. The app actually works great and I've never had any issues with it. Sending and receiving money is easy, and being able to see all of your recent activity is great. Generating reports on the business side is also nice.

Cons

For some reason, a lot of people still don't trust PayPal and won't use it. Also as a seller, PayPal fees are pretty high.

Alternatives Considered

Reasons for Switching to PayPal

Pros

It’s convenient to use on your own website, and it offers various options. They also accept Venmo.

Cons

It has an expensive fee per single transaction.

Pros

Paypal is easy to use and most people are familiar with it. It's straight-forward and easy to implement as a payment processing platform. It's also safe and reliable.

Cons

PayPal fees can quickly add up increasing your company's operating expense.

Alternatives Considered

Reasons for Switching to PayPal

Pros

Nothing. There is nothing to like about Paypal.

Cons

It does not protect customers (but it does protect scammers); customer service is non-existent; the account setup is hard to navigate; there is no buyer protection; Paypal is extorting money by setting its own exchange rates; the refund process is deliberately opaque to put people off making complaints; there is no way to seek restitutation from Paypal itself without engaging in a lengthy legal process.

Pros

I love that PayPal is very easy to implement and has a great amount of API features, scripts, and its own balance so you can import funds from elsewhere such as your bank or have money sent to you without the need for a bank, PayPal is widely accepted in multiple countries and is currently the most used payment method, especially for automation, on my whole website.

Cons

I wish PayPal would accept more payment methods such as Bitcoin, decrease their chargeback fee and allow more countries to use them. I hope their support can improve slightly as well as most of the time they do not understand my query or give an irrelevant solution.

Pros

I used PayPal for 10 years to send invoices and get paid for freelance work, send payments to friends/family, and shop online. It's the most intuitive platform I've used, very flexible and accessible to everyone.

Cons

Their rules are rigid, the overall costs are high, and the customer service was inflexible, unhelpful.

Pros

They have one of the shorter wait times for payouts/balance transfers compared to other platforms I've used. Many people are familiar with them and many companies/organizations still use them which often lends itself to an easier check out process. I like that it has pay later options for my clients.

Cons

Paypal was once one of the most trusted and secure payment processors, but there have been many points of failure over the years and I am not as confident about it as I once was. I have previously had some issues with fraudulent purchases made using my account. In my experience their customer service has not been the best often because of language barriers leading to my concerns not being understood/addressed. I don't like how difficult it is to change the settings so that non-PayPal users can make payments using PayPal. The buyer-protection is not great either, I purchased a product that was misrepresented in the photos and description and even when I couldn't get a hold of the company to go through with returning it, PayPal would not grant me a refund. The same thing happened when a company that was going out of business kept recurring charges going even though they were no longer providing me the service and hadn't for months, I sent PayPal all requested documentation and they didn't refund me or remedy the issue at all.

Alternatives Considered

Pros

PayPal is a secure platform and it has a user-friendly interface. It is good for online business. It has seamless Integrations. It is easy to use and implement.

Cons

There is nothing that is wrong with this platform.

Pros

What I like about Paypal the most is their customer service PayPal has many great features but I have to give their customer service a five-star rating because they are always there to help whenever you need them

Cons

The thing I like least about PayPal is the fee for transferring money from PayPal to your bank but all companies have to charge some fee and there's is what was it quite low compared to most

Pros

Common well known name. Easy to integrate in most payment portals and personal usage.

Cons

Very low rewards and payback on usage. Competitors which pays back extensive cash back percentages are now commonplace. PayPal does not and does not care to update that feature

Pros

PayPal is super easy to use with a simple, intuitive interface. One of the best parts is that sending money to friends and family comes with no fees.

Cons

In my opinion, PayPal doesn’t have any major flaws. The only downside is that their currency exchange rates for purchases in different currencies can be a bit high. Other than that, it’s solid!

Pros

Paypal is considered one of the most secure methods for users, as it is universal and easier to send and receive transfers. The user interfaces are also very easy and there is ease in transferring to other applications.

Cons

It should be easier for users to verify their accounts

Pros

The security and ease of making purchases on e-commerce sites, transferring money to friends, family or other people quickly and safely, both within the country and internationally.
In addition to managing subscriptions and automatic payments for streaming services, software and other monthly or annual subscriptions.

Use the tool to make international transactions and convert currencies quickly and conveniently, with transparent rates.

Cons

Exchange rates and commissions charged for international transactions can be relatively high, which ends up being disadvantageous when sending or receiving money from other countries. Although it is a convenient platform, the fees charged on incoming payments, especially for freelancers or small businesses, can be significant and impact profits.

Another negative point is customer support, difficulties in resolving problems with PayPal due to slow or inefficient customer support.

Pros

PayPal allows me to send and receive payments globally.
The best part is that I can receive payments to users without PP accounts through payment requests where they can pay via Credit Cards.

Cons

I am enjoying every bit of PP on my end without facing drawbacks.

Pros

Paypal offers a seamless and easy payment processing platform that helps life run more smoothly.

Cons

I have had no issues with paypal in my time using it.

Pros

There are a number of ways that an organization can use PayPal, from using it as a tool to collect money for a specific purpose, to being able to collect money on site in a retail sale, to fundraising and soliciting donations for an organization, etc. It's varied, versatile, and easy-to-use.

Cons

The back-end reporting that PayPal offers has improved, but it could be improved a bit further, helping an organization know more about who is interacting with it, etc.

Alternatives Considered

Reasons for Choosing PayPal

Switched From

Reasons for Switching to PayPal

Pros

PayPal is very user friendly. I like how PayPal makes online payments so simple and secure. It’s convenient for both personal transactions and business, with the ability to link bank accounts or cards and pay without exposing financial information. The buyer protection is a nice safety net too, and it integrates with tons of websites and apps.

Cons

What I like least about PayPal is the high fees, especially when converting currencies or handling business transactions. It also holds funds sometimes for extended periods, which can be frustrating if you need quick access to your money.

Pros

It’s widely accepted by most every retailer, app, website or private person needing to make a transaction for whatever reason. It’s easy to get started and they don’t charge you for an account.

Cons

Sometimes waiting on a transaction to clear can be a pain but this doesn’t happen very often

Pros

I absolutely love the option to checkout with online retailers by using PayPal. The convenience of not having to type in my credit card number is the best feature in my opinion.

Cons

A couple years ago, my PayPal account was hacked into. I received an email that an online virtual bakery was opened with my account. Terrified, I contacted PayPal and demanded they close my account. They refused and stated that the business that was registered to my account was deleted, and it would never happen again. Being that PayPal is connected to my bank and my credit card, I was mortified that security was not strong enough to keep someone from hacking into it.

Pros

I like PayPal’s convenience and wide acceptance. It offers secure transactions, quick payments, and seamless integration with many online stores, making it easy to manage finances globally.

Cons

PayPal’s fees for certain transactions can be high, especially for international transfers. Additionally, account holds or disputes can be frustrating and take time to resolve.

Alternatives Considered

Reasons for Switching to PayPal

Pros

I like Paypal's platform the most. The mobile app is easy to get around, options to buy and sell Bitcoin, add multiple debit cards in one place, earn cash back and rewards from different merchants and several others options to choose from.

Cons

What I dislike the most about Paypal is their approach to keep your account verified, authenticated, and protected is so extreme, it enables you to access or move money in your account. Paypal will also put a hold on your account for months at a time if they assume you are selling an item on the platform, leaving you unable to access your money until the hold is lifted.

Pros

I love using pay pal privately with a customer or online shopping it give me the comfort to make payments create invoices for clients send or receive money from friends and family. Pay Pal is a great way to do business world wide.

Cons

There's not much I don't like about pay pal they are very punctual reliable and you get your payments on time . It lets you know every detail and transaction you have made pay pal is a great way to receive and send money.

Pros

I love PayPal been using PayPal for over 20 years now and they hel run my entire business don't know what I would do without them their service makenit easy to receive payments from just about anywhere instantly what's not to love about that plus many other tools and services they have that I don't think they're is enough room to state here.

Cons

I would love for PayPal to make it easier for small businesses to get money for help also when sending transactions family to family if they find that transaction was sent in that way to be fraudulent we should be able to get a refund but based on how the system is set up you can't do that right now that's about it.

Alternatives Considered

Reasons for Switching to PayPal

Pros

I like having a debit card specific to this, because that's where I store our businesses funds like a checking account. I like the ability to create and accept payments for invoices. I also like that I can use PayPal for personal transactions just like Venmo or Zelle.

Cons

I wish their UI were better. Certain features seem challenging to find or access. Specifically the add a payment or add money feature. I wish they'd use intelligence to learn what I use most and bring that to the front of the dashboard.

Alternatives Considered

Reasons for Switching to PayPal

Pros

I would say the best qualities when it comes to using PayPal is extremely fast payments, many features available for businesses and personal use, and the pricing.

Cons

PayPal is great most of the time, but i do have to say a negative to using them would be getting ahold of customer support quickly when you need assistance.

Pros

Its robust security features, speed of transactions and convenience for sending and receiving money, and the ability to make payments without needing a balance.

Cons

I would like for PayPal to improve customer service relations and support, as well as reducing the transfer time of PayPal to PayPal accounts to less than a day. I would also like for PayPal to allow its customers to add Bank accounts outside of United States.

Pros

I like how PayPal creates an easy user experience.

Cons

What I like least about PayPal is the high transaction fee and per transaction fee for sending and receiving.

Pros

It's the best, quickest and safest payment option.I like ease of getting payments , no hastle of writing bank details for getting payments.

Cons

I wish it was available worldwide PayPal is not available in many countries.

Pros

Reliability is at the top of the list. PayPal as been around as long as I've been doing business online.

Cons

Listing something of a Con with PayPal is difficult because everything I think of turns out to be 'operator error' and has little to do with PayPal itself. I am sure there are negative points to any system that holds onto your funds, but so far (since 2006), I have not encountered any. <knocks on wood>

Pros

The brand recognition is huge! So many people use or at least know of paypal that offering it increases consumer confidence.

Cons

Some of the company policies and practices do not line up with ours.

Pros

PayPal integrates with external accounting tools such as QBO, XERO and SAP CONCUR which makes it easy to carry out invoicing and billing.

Cons

Ever since ai started using PP, I have never come across any error.

Pros

Paypal is widely accepted as a payment option for online transactions, making it a convenient payment option when shopping online.

Cons

Lack of account transparency such as the ability to view declined transactions. Additionally, the lack of easily accessible online support like many other payment providers offer as their digital experience. There does not seem to be any explanation as to why users are unable to view declined transactions and where the charge is coming from. This is extremely inconvenient and is potentially a security risk as monitoring all transactions towards any funding account is essential for monitoring unusual activity.

Pros

In truth, the only thing that bothers me is the slowness of 30% of their functionality or service and the difficulty of adding a bank card to the Paypal account.

Cons

What I like is the ease of use that Paypal offers and especially the fact that it offers lots of features that are just as useful as the others

Pros

It's a safe and easy means of doing business concerning payments that has a low commission rate. Also it's easy to transfer money to my bank or use my PayPal debit card. I have used PayPal for over twenty years.

Cons

Currently, to use PayPal at it's highest level, one has to be a programmer or hire a programmer to create professional purchasing buttons and pages PayPal offers. However, users can just create the order buttons easily to place on their websites with HTML code.

Pros

Four years ago my account was limited and it had some balance which I received via F&F. Luckily, the only thing I like is that last year I created another account which is working fine, although I use Payoneer more than PP.

Cons

Limiting account without a notice was one of the downsides which I experienced on PP.

Pros

What I like a most about PayPal is that it is easy to use and more than that our data is safe and protected

Cons

Frankly, so far I have not faced any problem, so there are no negatives that I have about PayPal

Pros

Convenience and extensive acceptance. PayPal allows me to make purchases, send money, and receive payments quickly, both domestically and internationally. Its buyer and seller protection policies offer a sense of security, especially for online transactions. The platform’s integration with various websites and apps is seamless, making it easy to use almost anywhere.

Cons

Fees associated with certain types of transactions, especially for currency conversion and receiving business payments. Additionally, the customer service experience can sometimes be slow or challenging to navigate if there are account or payment issues.

Pros

PayPal used to have good customer service, but not anymore. They have subbed it out to the Philippines, and they don't care about you at all. Sometimes I can't even understand what they are saying.

Cons

I don't like their fees for non-use for 1 year. They charge you a penalty if you don't use your PayPal after 1 year. They also charge a lot for exchange on money currencies.

Pros

PayPal is a great site that allows me to receive money quickly and safely and provides me with protection when purchasing online. It also has the ability to link the account with the debit card.

Cons

One common criticism of PayPal is its fees, especially for certain transactions like international transfers or receiving payments for goods and services.