PayPal
Overview, Comparison, & Features
PayPal is an e-commerce platform designed to assist individuals and corporations accept and make digital payments and remit money without having to supply financial information. It boasts of bank-level technology to make sure secure transactions between customers and vendors using all kinds of credit/debit cards that PayPal supports.
The platform also allows you to simply accept payments on all fronts whether online, in-store, or by the bank. It also allows you to email your invoices to customers. PayPal may be a scalable e-wallet solution that will serve the requirements of online merchants and businesses of all sizes. It is ready to simplify the customer checkout process through one-touch operations to hurry up company sales and opening how for corporate growth.
Features:
Accept Payments Online
Express Checkout
Credit Card Reader
Bill Me Later
Barcode Scanning
Inventory Tracking
Virtual Terminal
Shopping Cart
PCI Compliance
Online Invoicing
Mobile Card Reader
Pros & Cons:
Pros:
It's easy to set up and use.
Integration with a number of shopping cart systems.
Can set up recurring payments.
PayPal's fees are less than many merchant accounts
Create and send invoices right through your account.
Clients/customers don't need a PayPal account to pay you.
Merchant account is not needed.
Cons:
It can be difficult to contact PayPal's customer service department.
Use is limited and the account can be suspended at any time which can result in frozen funds for months.
Why choose PayPal?
PayPal implements the most recent technologies on encrypting data and detecting fraud anti-fraud to offer you peace of mind together with your information and transactions. The digital wallet works on all kinds of devices and operating systems and allows you to accept all sorts of payments using your mobile device during POS. Furthermore, the one-touch feature eliminates redundancy to accelerate the sales and checkout process.
PayPal provides you customization options so you'll build and send branded invoices using pre-built templates. Also, you get out-of-the-box integrations with POS solutions no matter size and sort of vendor.
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