PayPal is a top-rated service for sending and receiving money. It is considered as one of the safest online payment services. The founders and employees of PayPal are among the richest and famous businessmen.
There has been a lot of ups and downs in PayPal’s history but there is no doubt that PayPal is a success now.
Nevertheless, there are a lot of negative comments about PayPal, amongst them, that it might not be the safest nor the cheapest payment service.
Here are 3 myths about Paypal, which are not true.
1. Buyers need to have a PayPal account
It’s not necessary to have a PayPal account to pay. On Paypal’s checkout page there is an option to pay as a guest using standard credit cards (Visa, Mastercard). All business accounts have the option for accepting direct payment. If your customers don’t have this option, you’re probably using a PayPal personal account instead of a Business account.
2. PayPal is not recognized enough around the world
The fact is, Paypal is not operating in every single country, but it is available in 202 countries and supports 25 currencies. Besides, Paypal has 56 offices in 31 countries, 18,000 employees of 119 nationalities. So, calling PayPal an unrecognized payment system is hardly sound advice.
3. PayPal isn’t professional
Several years ago you could make this kind of statement. But in 2017, PayPal is not just for purchasing products on eBay. Now major retailers and brands like Calvin Klein, GoDaddy, Netflix, Starbucks, Ralph Lauren, and Nike use Paypal, some casino sites also accept paypal. Many retailers accept payments with PayPal at the payment desk in their stores.
PayPal is a service with 203 million active users. According to the study, 86% of PayPal customers are likely to recommend this service to others. One has to admit that Paypal is a service millions of people rely on.