Back to blog

PayPal Review – Why Do People Love This Platform?

---

PayPal is an online payment platform used by millions of people worldwide. This is one of the best payment apps that allows you to send and receive money from all over the world. To transfer or receive money, you can simply link your debit card, credit card, or bank account. In addition to this, while signing up, PayPal gives you the option to choose for your personal use or your business.

In the signup process, we can choose from two different models: individual or business. As for the Business model, there is no sign-up charge, but you will be paying a certain amount as a transaction fee. This fee is based on the currency. You can check out their consumer fee page to get all the information.

With a rating of 4.7 on Capterra, millions of people are weighing the pros and cons of using PayPal. According to statistics, 433 million people use PayPal for personal and business purposes. They mentioned that their experience with the platform was very smooth. Its user-friendly interface has made it pretty easy to use the platform.

Now, let’s explore PayPal.

Features of PayPal

PayPal offers amazing features for users to experience a smooth payment process. Be it a multi-national company or a small business, PayPal has benefits for all. Let’s understand these separately.

PayPal for Personal Use

First, PayPal offers a seamless transaction experience to people who use it for personal use. The experience of seamless transactions has made my life a lot easier. When you sign up with PayPal for your individual use, you get to enjoy the following things:

Send, Receive & Add Money

I seamlessly send and receive money on a single platform. With PayPal, I have the option to send, request, or donate and raise funds easily. While exploring, I also came across a feature where I split bills with my friends. Like, whenever I am out with my friends and while paying, me or my friends can simply dutch the bill and pay together.

Additionally, with PayPal, you also have the option to send money internationally which is fast and secure. For this PayPal gives you the window to create your personal profile, which you can share with your friends and family to get paid. With this, PayPal has made sending and receiving money easy and secure.

Manage Your Money

Nowadays, with increasing responsibilities, people have fewer options to save and manage their spending. PayPal has got that covered for you! Because with PayPal, I started my savings. For this, I created direct deposits where my bills are automatically paid. With these settings, I could save a lot of time and money. Also, there is a feature where I can add money by adding cash at the store and cash a check or deposit the same anywhere.

PayPal offers the users with its own debit and credit card. You can easily apply for the same through the app by filling in the necessary details. A KYC will be done and you will receive your card within a few days. For more savings, you can buy and sell cryptocurrencies within the PayPal platform. PayPal will convert the amount as per your currency and credit the same to your account.

Shopping and Rewards

If you shop with PayPal, get ready to bathe in the rain of rewards and cashback. PayPal has offered me infinite rewards. I enjoy all my shopping endeavors with PayPal because I get so much out of it. I applied for a PayPal credit, and that gave me a lot more rewards and offers. If you love shopping, you must try this feature.

Additionally, when you shop with PayPal, you don’t have to perform the mundane task of entering your card details everywhere. You can simply shop from your favorite brand and while checking out pay however you want to pay with just one click.

PayPal for Small Businesses

Next, people who have small businesses enjoy the amazing features that PayPal has lined up for you.

Accept Payment

While starting my small business, I was able to swiftly create my payment link with PayPal. Other than this, PayPal has made it easier for customers to pay seamlessly for the products and services. Now, customers have the option to pay the bill in installments. PayPal will provide options of plans through which users can pay that suit them.

Financial Services

With this feature of PayPal, users can apply for a business debit card, working capital loan, and PayPal business loan. I applied for a loan, because I needed funds, and the process was so smooth. It will be for small business owners to start their business with the funds they require. All they have to do is fill in the necessary details and provide the legit documents with a proper business plan.

Business Operations

This feature has helped me tackle all the normal day-to-day business issues I faced. From managing risk and tracking sales to simplifying the whole shopping experience for the buyers, this has been a great help to my small company. With all these handled by PayPal, I was able to focus on my business growth and created amazing strategies to increase sales and create more customers.

Resources

When I started exploring PayPal from a business perspective, I came across one of its features of “Third-party Integrations”. Here, we can connect PayPal with other platforms that we use for our business on a daily basis.

With this feature, I also have the option to be a partner of the established organizations. This partnership will help me grow my business and will open several business opportunities.

PayPal for Enterprise

Lastly, for big enterprises, PayPal has been the first choice for years. This single application has numerous features that are available to big companies.

Payments

Payments are the key features of PayPal. With PayPal, we get to experience a smooth transaction anywhere in the world. Here, I received several benefits, viz. guest checkout, pay later, global payment processing, and several methods of payment.

Furthermore, when you integrate PayPal with other applications, you get to expand your business horizon. The whole process makes your business flexible and helps your customers to pay seamlessly.

Risks & Operations

With PayPal, I encountered several ways that help my business or rather save it from threats and frauds. This single platform has a Hyperwallet, from which users can make transactions worldwide. You can pay for any country’s service by sitting in the comfort of your home.

Additionally, PayPal’s smart risk management claims to conduct an in-depth analysis. It also helps shield our business from evolving threats with adaptive enterprise fraud management solutions. There is also a Braintree Vault from which you can grow your business to higher levels.

Businesses PayPal Offer

PayPal has offered a lot of amazing features to all types of users. Likewise, I came across this page where you can explore several solutions for your business. With this, we can drive results, expand opportunities, and shape the future of our business with PayPal’s proven solutions.

There are a lot of options for all types of businesses. As for me, I was exploring the travel industry solutions. They have several payment solutions that include pay later, PayPal payments, accounts to pay in different currencies, and many more solutions.

Resources

When I started exploring PayPal from a business perspective, I came across one of its features of “Third-party Integrations”. Here, we can connect PayPal with other platforms that we use for our business on a daily basis.

Let’s suppose, I was aiming for building my clothing brand and wanted to keep an inventory for all the selling. For that, I decided to create a PayPal and QuickBooks integration. With this integration, the data will be saved on QuickBooks for all the payments I received from PayPal. I also have the option to customize this connection according to my business needs.

Why Do I Love PayPal?

PayPal is the perfect platform for people looking for a seamless way to send and receive money. This single platform opens up many gates for users to make the transaction. To name the benefits of PayPal, this platform offers:

Security



With PayPal, you don’t have to worry about your money at risk. This platform follows all the safe guidelines to make sure you get the safest platform to send and receive money. Sending money using PayPal is secure and easy. Simply add your credit card to PayPal, your card details or account number will not be visible to the receiver. Users also get Buyer Protection, where if you get a wrong item or the item doesn’t match its description, you get your money back.

Convenience



PayPal is pretty easy to use, with its simple interface, you can seamlessly perform transactions. You can add your account details to your PayPal wallet and use your card, bank, or credit card from a single platform. This will also speed up your checkout process, making it all the more convenient. In addition to this, you can also set up your bills and subscriptions to make it easier for you to pay the same each month.

Worldwide Shopping



Over 26 million merchants in more than 200 markets accept PayPal as the payment method. So, you can shop from international stores without worrying about currency conversion. For people who love to shop when they travel, PayPal is for you. You can simply pay at the stores and enjoy your vacation. While performing these transactions, if you use your credit or debit card you will earn reward points.

What I Didn’t Like in PayPal?

There is not much that I didn’t like about PayPal. I struggled while updating my card, because either the network was bad or the server was down, and the two-factor authentication was not working. Other than that, the whole process of updating my details and the payment process was smooth.

With this, the charge that is applicable as a “Consumer Fee” is something that I didn’t like. This can be a turn-off for people who deal with these transactions regularly. Hence, I feel PayPal must find a way to reduce the amount of this fee, to a reasonable charge.

The Pricing Plan

As for pricing details, PayPal does not have any special pricing plans. You can use PayPal without paying any monthly fee separately for using the application. Apart from this, for businesses, there is a transaction fee available as per your country. Your customers will have to pay a fee with the said amount.

Other than that, there is no pricing plan needed for you to sign up with PayPal. It is a very simple and secure platform for people to send and receive money from worldwide.

To Wrap Up

To sum it all up, PayPal is one of the most used payment applications. With its user-friendly interface sending and receiving money is very easy. Users have the option to choose from individual and business models. The best part about using PayPal is the features this single platform offers. You get the option to apply for a PayPal credit or debit card. You also get to win huge cashback offers and rewards.

With these benefits, there are some drawbacks to using PayPal. The consumer fee is what I did not get because the charges were high. PayPal can work on these drawbacks according to user feedback. Other than that, PayPal has helped me a lot in my foreign transactions. The process has been smooth and all my details are safe and secure. Don’t doubt this platform, it will provide you a good assistance for all your personal and business payments.