What are the best aspects of this product?
Creating PayPal account is free of charge so anyone can sign up for the service provided they have the requirements asked by the platform. The signup process is fast and easy and when everything is already settled, you can immediately send or receive payments. We use this platform to make a one-time purchase for businesses in more than two hundred markets around the globe. We usually are able to complete transactions in a breeze. Making checkout is also easy and fast.
What aspects are problematic or could work better?
PayPal has very stringent security, which can be both a good and bad thing. Some policies seem unjustifiable. For instance, the system may suspend your account if it notices that you receive a higher amount of money than usual which can be very inconvenient. The system can also put a limit to the amount of money you can process if it becomes suspicious that you are breaking its terms of service. The software is also a target of phishing activities and fraud so you should be careful. In addition to that, using the platform can be quite costly. There are additional charges when you make bank transfers and even when receiving money.
What specific problems in your company were solved by this product?
This payment gateway solves the problem related to transferring money internationally such as delays, low security, and inconveniences. It makes paying and receiving funds from different corners of the globe easier and more secure. I also love its mobile application because I’m able to make transactions even while on the go.
Are you a current user of this product?
No
What is your company size?
1-10 Employees
What is your industry?
N/A
EU Office: 1 Agios Georgios Street, 7600 , Athienou, Larnaca, Cyprus
US Office: 120 St James Ave Floor 6, Boston, MA 02116
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