Why Get a PayPal Account?

Nowadays, numerous online transactions are conducted using a PayPal account. PayPal is a web service that takes care of money transfers and payments over the internet, providing an alternative to traditional methods of money transfer like checks or money orders. A PayPal account is financed via a debit bank account or a credit card. On the other hand, those who receive payment using PayPal may deposit it in their respective PayPal account, request a check from PayPal, or request a transfer to their bank account. Here are several advantages of having a PayPal account that is worth learning.

The first advantage of having a PayPal account is being protected when doing online transactions. PayPal serves as a third party mediator so that you need not to disclose too much financial information, such as your credit card number or your bank account number, when transacting with a total stranger over the internet. Using PayPal will only require the two parties to swap their PayPal account information when transacting with each other. Additionally, PayPal encrypts your connection to the website, providing extra security from hackers.

One more great advantage of having a PayPal account is that it is very economical. If you are only a casual user who plans on using PayPal just for online shopping, you do not even have to pay a dime to use the service. Meanwhile, if you intend to sell online or utilize PayPal for you business, the premier and business account does not even require an annual fee. What you need to pay instead is just a percentage of each transaction. Furthermore, this percentage is based on the amount of your monthly sales, so that if you earn more each month, the less your fee per transaction you will pay.

Finally, PayPal implements a protection policy for both buyers and sellers. They are the PayPal buyer protection policy and PayPal seller protection policy and they are great incentives to use PayPal as a transaction medium.