PayPal is similar to an online bank. It is maintained online and no paper statements or checkbooks are required. PayPal has grown in popularity and is one of the most recognized companies on the internet.
There are many advantages to using a PayPal account. One major advantage is that PayPal is well established and has a good financial reputation. Another great thing about PayPal is that it is quick and easy to sign up. These benefits are just the tip of the iceberg.
Simple
No confusing “fine print” and no hidden fees. There are fees associated with certain accounts. Read carefully before choosing what kind of account you want. The forms you have to fill out are easy to understand and complete.
The PayPal website is fairly easy to navigate. There are step-by-step instructions for anything you want to do on the site. There are no credit checks and no employment verification to get an account with PayPal. No worries about being denied an account.
Receive payments
If you participate in online surveys and in home product testing, then you can receive your payments through PayPal. This is faster than waiting for the survey companies to send you a paper check. Instead of waiting for up to three months, you can get the money in your account in only a month. It depends on how often the survey company sends out payments.
There are other online sites that use PayPal for sending out payments. Some freelance sites pay their freelancers this way. If you sell products or services online, then you can receive customer payments through PayPal.
Secure
PayPal doesn’t share your personal information with any other companies. Everything is encrypted and password protected. You receive email or text notifications when unusual account activity occurs.
PayPal even has fraud and theft protection in place. You can feel confident that your money and transactions are safe and secure. If you encounter problems, a live person should be available to help you. That in itself is a big deal in a world of automated messages!
Link bank account
If you have a bank account, then you can link it to your PayPal account. The purpose for this is so you have back funding for purchases. No more embarrassing moments due to a denied payment. It is good to note that if the money is not in your bank account to cover the purchase, then it will be denied.
Part or all of the money in your PayPal account is transferable to your bank account, and the other way around. Online purchases are also possible using PayPal as the payment method. Moreover, if you do not have enough money, then it will take the rest from your bank account. The merchant does not see your bank account information at all!
Debit MasterCard
Just like a bank debit card, you can use this card at any ATM that accepts MasterCard. The card can also be used anywhere that accepts MasterCard: gas stations, department stores, grocery stores and many more retail locations. It can also be used to shop online.
The card is free and requires no credit check. You do have to have a PayPal account for sixty days before you can apply for the debit MasterCard. The nice thing about the card is that there are no fees associated with it. Please note that most ATM’s charge a fee, this is not a PayPal fee.
Accepted globally
International online purchases are also possible without payment delay via PayPal. The transactions are quick and painless. Sending and receiving money is also achievable this way.
Mobile App
PayPal is functional on the go with the mobile app. The app lets you make payments from your smart phone, tablet or other mobile device. This app also allows account holders to keep track of account activity, send and receive money.
The mobile app is continually updated to keep you up on the latest PayPal happenings. No more having to wait until you get to a computer to sign into your account and the app is free.
These are just a few good advantages to having a PayPal account; there are many more. If you have ever thought about getting an account, then now is the time to check it out.
If you conduct a lot of business online, having a PayPal account is definitely worth considering. No credit checks or hidden fees, secure transactions and global acceptance make PayPal a trusted name in online financial management.