PayPal review

It seems that everyone has a PayPal account, but most people see it as a way to transfer money or even use it as a digital wallet. It would be foolish to completely forget about PayPal for business purposes because it has always been, and still is, one of the most elegant options out there. However, in these PayPal reviews, we will see what PayPal has to offer for business credit card processing. Sure, you could use the system as a standalone and collect payments for your services, but this is a completely different type of transaction.

Our goal here is to consider the fees provided through PayPal, how well it integrates with other systems, and how many types of credit cards you can pass through.

The good thing about PayPal is that it does not keep secrets when it comes to prices and fees. This is one of the main reasons that the user count has increased steadily since PayPal’s inception. You can get set up in minutes, and early cancellation fees are non-existent.

PayPal reviews: main features
Various plans and services are offered through PayPal. Although it may seem a bit confusing, the following list will help guide you through the selection process.

Express Checkout – A simple add-on for businesses that accept regular credit cards otherwise.
PayPal Payment Standard – This is a basic payment processing plan, which works for businesses that do not currently accept credit card payments. It gives you the functionality to do it.
PayPal Payments Pro – Pro provides a payment hosted on your own website.
PayPal Here – This is the mobile application for collecting payments on the go.
Virtual Terminal – The terminal is for mail and phone order picking and costs $ 30 per month.
Digital Assets – To set up things like recurring payments.
Bill Me Later – Exclusive to PayPal, this feature does not offer interest-bearing financing to customers.
Online Billing – Freelancers and contractors can send quick invoices for the services they perform.

PayPal reviews: ease of use
Is PayPal easy to use? Anyone who uses PayPal will laugh at that question, because, yes, it is incredibly easy to use. This is where the entire platform was built. You can take a simple PayPal button and start selling products from any website. Even if you don’t have a shopping cart, the PayPal button will take care of everything for you.

The mobile app is as seamless as Square, and they give you a free swiper to plug into your phone’s headphone jack. Another area that impresses us is the report. Whether you collect money through your online store or on a mobile interface, all transactions will end in one place. It is managed through a browser control panel and you can export the reports to make predictions for the years and months to come.

Pros and cons of PayPal

PayPal makes it easy for customers to make secure purchases online without having to rely on their bank account. However, it is also possible to link a debit or credit card to an account in case you run out of PayPal credit. This makes PayPal one of the most reliable options for a virtual money transfer. At the same time, however, it is lacking in some areas.

PayPal customers constantly complain about the company’s lack of customer support and problems with high-risk industries, among other things. Some of the most common advantages and disadvantages worth mentioning about PayPal are:

Advantages of PayPal
Trusted by consumers around the world
One of the most popular ways to make an online payment
Predictable pricing with flat rates to fit your budget
Various pricing plans are available
Support to sell via subscriptions and recurring payments
Support for many different currencies and international sellers
Excellent development tools for integrations and growth
Extensive integrations with countless eCommerce tools
Ideal for low volume merchants who do not accept too many payments
Suitable for an all-in-one payment system
Linked to accounting and financial tools
Suitable for use through mobile devices
Card readers and hardware are available
Options for borrowing money and equity

Cons of PayPal
Not always the easiest way to loan money for your business
Inconsistent customer support
Not suitable for high-risk industries
You can suddenly close your account

PayPal fees
As discussed, prices and fees are detailed on the PayPal site. There are quite a few of them, so we cover the most important ones below:

Web transactions – 2.9% + $ 0.30 per transaction
Swiped Mobile and in-store – 2.7% percent of transactions
With mobile and in-store technology – 3.5% + $ 0.15
Virtual Terminal Transactions – 3.1% + $ 0.30 per transaction
Chargebacks – Pay a $ 20 fee

Who should use PayPal?
Can PayPal Run a Great Ecommerce Site? Technically, yes. However, we recommend it for businesses that are just starting out, as it is very easy to install, and integrates with options like Shopify, WordPress, BigCommerce.

As you move on to more advanced payment processors, it’s not a bad idea to include a PayPal button, considering that many people love the convenience of putting their credit cards in their pockets. The main reason you wouldn’t use PayPal as your traditional merchant account is that most other solutions will save you more money as your sales increase.

If you have any experience with running PayPal on your website, or if you have any questions about this review, feel free to leave us a comment below.