8 Benefits of Using PayPal: A Modern Way to Transact Online

Last updated on 30 Nov, 2017 | 0 comments

benefits of using paypal

Benefits of using PayPal is never ending and I have presented some of them here. These benefits will definitely give you a better perspective of the whole analogy. PayPal is one of the best in its field and you must give a try to it.

Benefits of Using PayPal

Though I frequently write about money making ideas or blogs on financial issues, or money saving tips, today I thought of extending it to the techno-financial aspect. Though PayPal is not a new subject to the world, yet I find it worthy to share on my blog. With the augmented use of internet in financial transactions, PayPal has made their presence felt.

Being the largest online payment processors in the world, PayPal enjoys a widespread acceptability. After rising to prominence through its partnership with eBay, online merchants all across the Internet accept PayPal as one of their accepted methods of payments.

And those who have never used PayPal may wonder why so many people use it as their only way to pay for online purchases. After you review the following benefits of using PayPal to buy online, you will likely want to start using PayPal yourself. The list of advantages goes below:

1. Ease of Credit/Debit Card Usage

When you sign up for a PayPal account, you type in the credit cards, debit cards and bank accounts you wish to use for purchases one time on the PayPal secure system. Once that is accomplished, you never again have to disclose your credit card information online. By paying with PayPal, you keep your credit card information private, meaning that you can shop without worrying about a hacker downloading your account data from your online merchant.

2. Flexibility in Purchase

Relieve yourself of the embarrassment and hassle of trying to purchase goods and services online only to have your credit card declined. Because you can set up multiple bank accounts, debit cards, and credit cards to fund your PayPal account, you can rest assured that your PayPal purchases always go through the first time. PayPal will then look for funds from your sources based on the order you define.

3. Ease of Money Transfer

Whether you need to send money to a child at college or a friend in trouble across the globe, PayPal users can instantly transfer money to them with just a click of the mouse. Save time and money over costly Western Union style transfers while getting money to where you wish to send it faster than ever.

4. Ease of Online Auction

How could anyone talk about PayPal without mentioning eBay? Because PayPal is integrated with the online auction powerhouse, you can place bids and make purchases safely. Buyer protection and a structured complaint resolution process mean that eBay bidders have more protection than most credit card holders when it comes to one of the most popular online shopping sites.

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5. PayPal “iOS” and “Android” App

The PayPal ios and android application make it easy to shop online and transfer money wherever you are. All you have to do is visit the Apple app store (ios Users) or google play store (Android Users) and search for the PayPal app and you will be ready to transfer, send money, pay bills, review your transaction history, and make purchases right from the palm of your hand.

Because PayPal will ask you to confirm transactions with a PIN, you can rest assured that your finances are safe should your iPhone be lost or stolen. If you meet someone you need to pay while out in the town, just bump iPhones and make your transfer.

 6. Free of Cost

One of the best reasons for using PayPal is its cost: free. That’s right. No annual membership fees, no processing fees, no service charges. Shoppers using PayPal get all the powerful advantages associated with the service and do not have to pay one dime. By using PayPal you can save lots of money.

7. Easy to Receive Money

There are many freelancers who work from home for their clients spread over different places. With your PayPal account, it is much easier for you to receive money, especially from foreign payer.

You only have to connect your receiving bank to your PayPal account. After a due verification process, your bank account will be connected. Once connected you won’t have to worry about receiving money, even in foreign currency. It would get automatically converted into your native currency at the prevailing rate and credited to your bank account.

8. Discounts Offered

PayPal sponsors special discounts for customers that shop with PayPal at selected retailers. Users who visit shopping.paypal.com can find the latest special offers from companies like HP, Barnes & Noble, Wal-Mart, Nike, and more. The bottom line is that PayPal can save you money on the things you need at the places where you shop. To take advantage of the savings all you have to do is copy the special promo code from the PayPal shopping Web page and paste it into your order at your merchant’s site when you pay with PayPal.

Instances that pay through PayPal 

 

Conclusion

These advantages of using PayPal to buy online are enough to make you want to give PayPal a try. If you have never opened a PayPal account, go ahead and create one today. If you have only used PayPal on eBay, the time is now to see the whole world of opportunity that PayPal opens up for you.