General information about PayPal
PayPal is an online payment platform. It offers services for both private and business customers. Using this tool, you can simplify, optimize and secure your payment process.
PayPal software is perfect if you want to offer your customers a wide variety of payment options. In fact, the platform's wide range of functionalities includes online, point-of-sale and marketplace purchases, as well as payment in instalments and contactless payment. So your customers can pay the way they prefer, whenever they want, simply and conveniently.
Your startup can also send or receive money with just a few clicks. Paying subcontractors and suppliers is easy with PayPal. What's more, you can send payments simultaneously to several recipients, in different locations, in 96 countries and 24 different currencies.
Finally, your business is protected from the risks inherent in making payments, thanks to fraud protection, merchant protection and DSP2 and 3-D Secure payment security.
Many online stores and businesses use PayPal on a daily basis to offer their customers a smooth and pleasant shopping experience. Examples include Auchan, Cdiscount, Rakuten and Spotify. In addition, international companies such as Adidas and Uber use PayPal to support their growth.
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See alternatives to PayPal like Stripe or Revolut.
Secret's take about PayPal
Receiving that “You’ve got money” notification is almost like winning the lottery 🎉… except instead of millions, you get paid back for your friend’s share of last night’s pizza 🍕 But it’s online so it’s fun! 😄
PayPal is an online payment system that allows you, as an individual or a business, send and receive money electronically 💰 It serves as a digital alternative to traditional methods of payment, such as cash, checks, or bank transfers. The platform enables you to make payments, receive funds, and transfer money securely through your online platform or mobile app. PayPal is widely accepeted by numerous online merchants and e-commerce platforms as a payment option, ensuring secure purchases for both business and customer. The software also supports multiple currencies, making cross-border payments and internationl transfers convenient, with competitive exchange rates. Stay stafe online and offer a secure & convenient transaction experience to your users 🔒
PayPal is a great payment solution for various types of businesses across different industries 💻 Startups and small businesses, in particular, can take advantage of this online system to provide a secure payment option to their customers, without the need for complex merchant accounts. SaaS or subscription-based businesses can also use PayPal’s platform to set up & automate reucrring payments, ensuring a consistent cash flow. What’s more, PayPal’s Buyer and Seller Protection programs give both you and your customers peace of mind and confidence when conducting business online. Send money, make purchases and grow your online business with PayPal’s reliable payment system 💪
PayPal provides you with simple pricing when it comes to your online payment system, with a range of options depending on the specific needs of your startup. Whether you use the solution for standard transactions, micropayments, online sales, credit card sales or a different payment method, PayPal has got you covered 💲
Top alternatives to PayPal’s online payment solution include Stripe, Square, Google Pay and Venmo. Discover great offers for these types of tools and more on Secret to start saving! 💡
- More alternatives to PayPal
Mary O'Brien
Customer Success Manager
What is PayPal used for?
PayPal is an essential tool for small businesses, streamlining the payment process while offering a multitude of options. It allows businesses to cater to customer preferences, offering online and contactless payments, and even instalments. This flexibility can enhance customer experience and boost sales. Moreover, PayPal simplifies transactions with suppliers and subcontractors, allowing simultaneous payments in various currencies. Its robust security features protect against fraud, ensuring safe transactions. Businesses like Adidas and Uber leverage PayPal for growth, demonstrating its effectiveness. With PayPal, small businesses can operate more efficiently and securely in the global marketplace.PayPal features
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Quick checkouts
No more entering passwords every time you pay. One Touch allows you to stay logged in and check out with just one tap on any device.
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Fast access to funds
Instant transfers give you the ability to transfer funds from your PayPal account to your bank account almost instantly.
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Financing options
PayPal Credit allows your customers to pay for purchases over time, helping increase their buying power.
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International payments
PayPal can support transactions in over 100 different currencies, making it easy to accept payments from customers from all over the world.
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Secure transactions
PayPal's Seller Protection feature helps ensure that you will not be responsible for fraudulent transactions on your account.
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Support your cause
PayPal makes it easy for you to donate to your favorite charities directly from your account, supporting the causes that matter to you most.
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Simplify payments
Create a personalized link that customers can click to easily send you payment for your products or services with PayPal.me.
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Accept payments anywhere
Convert your mobile phone or tablet into a point-of-sale system and accept payments from customers anywhere thanks to PayPal Here.
3 PayPal reviews
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Dax S
Experiencing PayPal's Commitment to Security: A Personal Account
I recently had an experience with PayPal that really showcased their commitment to security. My phone, a Samsung, has been having issues receiving text messages. I reached out to PayPal to add another number for access. They were so thorough in their security measures, they sent a text to verify it was me, even though I was calling from the same number. When I mentioned my phone's issue, they were quick to suggest refreshing my account as an alternative verification method. I was impressed by their dedication to ensuring my account's safety. They also informed me that their customer service is always available for any concerns or issues I might have. I'm planning to make some calls on Monday, not to complain, but to appreciate their efforts in maintaining high security standards. Their customer service may have been stringent, but I understand it's for the best. I'm quite satisfied with how they handled the situation.
April 21, 2024
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Katherine M
Global Gold Standard for Seamless Payments
I now have a PayPal button on my website, signaling to clients that I accept PayPal payments. This allows me to receive funds from all over the world. PayPal is an easy-to-use wallet, enabling me to easily withdraw funds to my bank account or credit card. It has provided me with the opportunity to receive funds instantly from my clients globally, at the lowest possible cost. I can effortlessly create and send invoices to clients and request payments. The option to distinguish between personal and business accounts, all of which are free to open, makes it more client-centric. PayPal's exchange rates to other currencies are superior to other companies that take advantage of clients by manipulating currency exchange rates. The buyer protection feature is excellent for protecting clients from fraudulent sellers. However, I find PayPal's introduction of fees for sending money to a friend across borders to be unfair. I chose PayPal because it is global, works with many merchants, has a good support team, and has reasonable fees, although they could be lower.
April 14, 2024
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Emma D
PayPal's Invoicing: A Small Business Owner's Best Friend
As a small business owner, I find PayPal's invoicing feature incredibly useful. It allows me to create professional invoices and send them directly to my clients
April 14, 2024
PayPal: Pros & Cons
Pros
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Easy to configure: Simple to set up and use
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PayPal fees: Fixed fees in 25 currencies
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Security: Using PayPal secures payments for both customer and seller
Cons
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Receipt of funds: Receipt of funds from customers can take up to three days
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Customer service: PayPal support can be difficult to reach
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Cybercrime: PayPal is a popular target for phishing and scams
Why is PayPal better than other Payments software?
PayPal has better positive reviews compared to Stripe: 95 vs 94
PayPal pricing plans are more competitive than Stripe: 4.6 vs 4.4
PayPal is more versatile than Venmo: 84 vs 17
PayPal has better positive reviews than Payoneer: 95 vs 89
PayPal is better at customer support than Payoneer: 4.5 vs 4.0
PayPal has better positive reviews compared to Wise: 95 vs 92
PayPal is better at customer service than Wise: 4.5 vs 4.2
PayPal has better positive reviews compared to Cash app: 95 vs 83
