Some PayPal benefits for users include maintaining credit card security, flexibility and buyer protection for eBay. Users are also able to send money to friends and family across the country immediately with no fees.
With PayPal, users have the ability to make purchases without disclosing their credit card number to the vendor. They enter the card number on their own PayPal account and never need to enter it again. The process helps to prevent identity theft or misuse of credit card information by unscrupulous vendors.
PayPal accounts allow the user to fund purchases using one or more credit cards or bank accounts. If the user links the account to two accounts and funding is not available from one, it automatically diverts to the second, ensuring the payment processes.
Using PayPal for eBay provides the buyer with protection not otherwise available. If there is a seller who does not send an item or it does not match its auction description, PayPal provides a refund to the buyer.
PayPal offers the ability for an account holder to transfer funds to the account of a family or friend immediately. The recipient can spend the money immediately from his PayPal account or transfer it to a bank account if he chooses.
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.
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.