The advantages of PayPal
In addition to Bank Transfer, debit or credit card payment by PayPal is a common method especially in the case of transactions on the Internet. Commercial eBay sellers must offer PayPal even mandatory. The reason for the wide spread lies in the quick and easy payment processing.
- PayPal is easy to handle. To pay for purchases online, you need only your E-Mail address and the password. In order to log in to your PayPal account and confirm the payment data.
- Transactions are executed very quickly. After you have made a payment, inform PayPal immediately to the seller and forwards the amount to him. The dealer may then immediately send you the ordered goods.
- PayPal does not share any information about Bank accounts or credit cards to the payment recipient. The seller needs this data also, because of the can be found the payment in his PayPal account and from there to his Bank account.
- Through your PayPal account, you can also send money to friends, relatives or any other people. You only need the E-Mail address of the recipient. This must register with PayPal to be able to received over amounts have.
- PayPal offers "buyer protection" is called the safety function. If you do not or damaged to receive an ordered commodity and the Problem is not directly with the seller to clarify, turn on the buyer protection. PayPal then checks the process. Your claim is right, you get your money back.
- You send a product back and have to bear the postage by yourself, be refunded to you PayPal for the return costs. This applies for 12 sendunden per year, up to a height of 25 Euro. The Service you need to activate once in your PayPal account.
- PayPal payments for purchases and friends-Transfers are free of charge, as long as they are carried out in Euro. The management of the PayPal account is for Private and business accounts free of charge.
PayPal has its advantages and disadvantages (Screenshot of PayPal)
The disadvantages of this payment service
- PayPal accounts are often the target of Criminals. About fake E-Mails, customers will be directed to fraudulent websites and to the disclosure of your personal data and PayPal passwords prompted. You are, therefore, always be careful when you receive from PayPal is a such E-Mail, and never follow the Links contained. Go to the PayPal page directly through the Browser.
- Your information PayPal collects on servers located in the USA. According to the data protection principles by PayPal this can also be done at other locations around the world. It is not so clear, where exactly is your data and what privacy measures are in place there.
- PayPal pass on data to third parties. This is necessary to process transactions or to meet compliance requirements. On the other hand, your data will be transmitted also to the credit check, for the settlement of disputes and for marketing purposes to other companies.
- Of online traders requires PayPal fees for payments received.
PayPal Phishing E-Mail
How PayPal works, you will learn in the next post.
