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PayPal
PayPalPayPal
PaymentsWhat is PayPal?
PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.
PayPal is a tool in the Payments category of a tech stack.
Key Features
2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.Adaptive Payments- The Adaptive Payments API allows merchants and developers to pay almost anyone and set up automated payments.Express Checkout- Express Checkout allows merchants and developers to minimize the number of steps customers must complete when they checkout.PayPal Payments Advanced- PayPal Payments Advanced allows merchants to enable their online stores to collect payment directly via credit card or via PayPal Express Checkout.
PayPal Pros & Cons
Pros of PayPal
- ✓Most known service
- ✓Consumers know it
- ✓It's available for many countries
- ✓Easy
- ✓Best way to get paid outside US
- ✓Most widely used payment processor
- ✓Express Checkout
- ✓Consumers trust it
- ✓Flexible and secure
- ✓Digital Goods for Express Checkout
Cons of PayPal
- ✗Harder to get started with
- ✗Less countries supported
- ✗Not well written recurring payment api
PayPal Alternatives & Comparisons
What are some alternatives to PayPal?
Stripe
Stripe makes it easy for developers to accept credit cards on the web.
Shopify
Shopify powers tens of thousands of online retailers including General Electric, Amnesty International, CrossFit, Tesla Motors, Encyclopaedia Britannica, Foo Fighters, GitHub, and more. Our platform allows users to easily and quickly create their own online store without all the technical work involved in developing their own website, or the huge expense of having someone else build it. Shopify lets merchants manage all aspects of their shops: uploading products, changing the design, accepting credit card orders, and viewing their incoming orders and completed transactions.
WooCommerce
WooCommerce is the most popular WordPress eCommerce plugin. And it's available for free. Packed full of features, perfectly integrated into your self-hosted WordPress website.
