Benefits of having a PayPal account include financial data security, universal recognition, the ability to track all transactions and flexibility. Buyers enjoy affordable fees, and they can make purchases in various currencies. Sellers enjoy a large customer base and the ability to accept international cards and payments.
PayPal members provide credit card and bank details when they sign up for an account. After this, they do not have to provide these details to any online merchant when paying for goods and services. Paypal members can be confident that their financial details are safe.
Paypal is recognized in many countries, and this has improved the element of trust. Many online merchants and buyers have Paypal accounts. Therefore, Paypal members can transact easily with each other online. This is also beneficial to sellers who enjoy a large customer base.
Paypal is very secure; members can track every transaction they make on their accounts. They can access their transaction histories and all inbound and outbound transactions. A member can take note of any transaction that he did not authorize and report it.
This online payment service is very flexible as it allows people to open multiple accounts depending on their specific needs. Members can have multiple personal, business and student accounts. They can attach multiple bank accounts and credit card numbers. A member uses the account that meets his specific needs at any given time. Buyers and sellers can make and accept payments in several currencies. They can also accept international cards and payments on this platform.