Advantages: Convenient, User-friendly, widely used, eBay integration, International payments, Quick easy to send/receive money Disadvantages: FRAUD, High Fees, POOR SUPPORT FOR SCAM VICTIMS, POOR PROTECTION, withdrawal / add funds time
PayPal is an online payment processor most commonly used for sending and receiving money for online auction purchases, but many websites now accept PayPal as a payment option due to its popularity. PayPal was bought by eBay, so now it is heavily integrated with the eBay sites.
PayPal lets people send money from a credit or debit card into another PayPal account as payment for goods or services. Money in a PayPal account can also be sent to another ... ...Visa Electron cards with your PayPal account as well as add money from your bank account.
REGISTERING
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Regist ering is easy. You are asked for the usual details such as your email address (you can add about 5 emails to your account later), password to use, name, address, telephone number and country, as well as the type of account you require. I had no problems with this but I guess it's all standard procedure ...
Deru 25.04.2004 (21.09.2005)
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: A great tool for E-bay buyers and sellers Disadvantages: Fee's are at every corner and mount up. A prime target for fraud.
Paypal is a great online web site and money management tool that is a must have to go
along with your E-bay account. It speeds up processes for both buyers and sellers on E-bay, plus there are possibly thousands of web sites that now except Paypal as a payment method. If you're not already a member of this great site and you are an active participant in online auctions, this is for you. You must have seen the Paypal signs and logos on the site!
... ...have explained what I use Paypal for and hopefully it matches your requirements and will want you to use this service. Even with all the great points of this web site, it has it's fair share of bad points, I've highlighted the most important below.
My Experience with Paypal.com
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-- First Contact --
I first found out about Paypal through E-bay.co.uk and noticed that a lot of auctions were using a payment method ...
johnsy32 06.01.2005
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: recieve instant payments Disadvantages: percentage charges on sales
...think about and open a Paypal account.
Having used this account for about a three years.
I thought I'd write and tell you of my views on paypal.
Paypal as you may know is an online banking service and can be used in many different ways. Having investigated and used this banking service for about three years, it has in my opinion served it's purpose well.
This service is free to join.
To open an account with paypal is easy.
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... ...you open an account with paypal you are told it is a secure site and will see the little padlock in the right hand corner of your page to show that no-one can view your details.
Type in your name, email address, postal address and bank datails, either credit or debit card and password.
Debit cards are the best as there are charges from your bank to use your credit card.
You will then be sent an email to verify your email address, paypal do this ...
Sunnysmiles 31.07.2006
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Ciao members have rated this review on average: very helpful Review of PayPal
...I had heard of Paypal and decided to investigate both this and some of the other automated payment sites.
I decided to go for Paypal for two reasons – firstly I read some of the opinions here on Ciao and it sounded good, and secondly that Ebay have just taken over Paypal and so logically it must be the ideal choice for proceeds of Ebay auctions.
Easy Registration
I found it extremely easy to register with Paypal. They ask for the basic information ... ...care at this stage because Paypal will charge you £15 for a returned payment due to your details being incorrect! I then had to set up the details of my credit card, or I could have used a debit card, which I would use to add funds to my Paypal account. This was irrelevant to me, as I was only intending to use Paypal as a receiving account at the time. To make sure that the card you have registered is valid $1.95 is taken from that card, which was ...
SusanLesley 10.07.2004
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: fast money transfers Disadvantages: customer support slow and inadequate
...quickest for online payment----
Paypal is an online payment merchant for fast and efficient service.
*The url link is www.paypal.com*
Paypal is divided up into three sections when you first view the site.
1. Buyers: 2. Sellers: 3. Merchants:
The Buyers
The main bulk of Paypal users are the Buyers. The buyers are It is individuals who set-up an online payment for buying products online or for paying for winning auctioned products from eBay. ... ...it has contributed in increasing Paypal member database to over 100 million users. Since being a member myself since Jan 2005, 65 million users have registered.
Registration is free, now you don't normally get that, but it is the case. Personal information is required including your finance method, such as your bank details. This is so that any transactions made online your bank will recognise it as a Paypal transaction to a username. The statement ...
1st2thebar 01.06.2007 (19.10.2007)
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Quick and Easy money transfer - safer than cash Disadvantages: Not as easy as it seems
...buyer protection services offered to paypal users.
I don’t like to moan often, it’s usually not worth the hassle. However, in this case I think my Ciao friends should know a little bit more about the Paypal buyer protection scheme so that they can make their own minds up.
I have used Paypal many times to buy and sell items on eBay. The service works well and the cash is transferred quickly. For the most part the cash transfer service works well ... ...to tell you about the Paypal buyer protection facilities. You may have noticed that when you buy from ebay you will see that Paypal offers you buyer protection. There are two types of protection. PayPal's Buyer Complaint Process can be used when a seller does not deliver goods as promised. You can only use this for real goods, e.g. CDs or Electronic equipment – You cannot use it for services or other none physical goods. Paypal will try and recover ...
mfhome 07.02.2005
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Easy to use payment proccessor Disadvantages: Very strict security policy
I use PayPal for 2 years now for business purposes.
The curious visitor of PayPal website will think that PayPal is quite like any other payment proccessing webslite like e-gold or moneybookers. Only when you join PayPal you get the full picture of it - especially if you are a businessperson.
PayPal has 3 different acount types: Personal, premium and business.
- Personal accounts
The basic PayPal account designed for individuals. This is the ... ...are done with that proccess, PayPal will become your favourite payment proccessor.
Advantages: Ease of use, no charges for receiving funds, ability to withdraw your funds to your bank account (not widely available though), multiple currencies accepted.
Disadvatages: Credit card number required to receive funds, strict security policy that causes lots of account freezing incidents (they have their reasons though)
- Business and premium accounts
...
bcnlondon 01.04.2004
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Fast Money via e-mail addresses Disadvantages: The fees are increasing alot
...to my personal review on PayPal UK.
I started using PayPal at the age of 15.
Since then I have found other payment engines on the internet that offer better services and features.
For those of you who don’t know who PayPal are, they are the biggest online payment handler within the world. They have just over 45 Million members worldwide.
*****REGISTERING*****
The registration process is really easy. All you have to do is click on the Sign-Up ... ...personal details. Registering with PayPal is quick and easy. Just enter the e-mail address for which you would like to receive payment to and you’re away. Although they will ask you to confirm your account through your e-mail address.
PayPal do make you aware of the charges before you complete your registration.
*****THE MAINFRAME OF YOUR ACCOUNT*****
The user mainframe is easy to use and quick (Depending on your internet connection). The website ...
Sexy_Young_God 12.07.2004
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: excellent money transferral system Disadvantages: the unwary user can fall prey to scams
...of internet business. Paypal was and is that saviour!!
First I shall discuss the benefits please reserve your cynicism of scams until the end.
WHAT IS IT
Paypal is a facility where you can receive and send funds through many different currencies across the internet. If you receive $100 you can convert it into £ or just pay for something else on the internet in $. This means you never have to convert and pay exchange rates, thus maximising your ... ...SECURITY
When opening a Paypal account your first thought is about security. It goes without saying that the site is encrypted - this means that a random nobody cannot simply access the source code and view loads of credit card details.
I have no idea how encryption works, but it basically scrambles the website data unless you have the keycode to view the site.
When purchasing goods nowadays on credit cards etc you need security. You have the ...
coleecip 10.12.2004
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Easy to use, instant payment Disadvantages: Perception of high fees
PayPal is a subsidiary company of eBay that allows online payments for auctions and more recently other sites have begun using PayPal to accept online payments. PayPal as we know it only came into existence in 2000, following a merger between Confinity and X.com. PayPal was the payment method of choice by more than 50% of eBay users worldwide, bigger than Billpoint which was acquired by eBay in May 1999. Given its popularity, PayPal was then acquired ... ...for retailers off eBay.
PayPal operates in over 190 countries worldwide, allowing users to send money to other registered users worldwide. Transactions can also be made in foreign currency with PayPal converting the currency to the local currency at the applicable exchange rate. The online system is very simple to use. For eBay auctions, the winning buyer is emailed an invoice, or can click on the Pay Now link on eBay, both of which take the user ...
dbarcl10 17.08.2008
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Send and receive payments online, easy to use, Site is user-friendly easy to navigate Disadvantages: None
I opened a PayPal account a while back but only started using it actively almost a year ago when I started earning money online. PayPal is one of the most popular online payment processors and various money making sites pay their users through it. All you need to open an account is an email address, it is easy to sign up to the site and you can start using it by giving the email address that you sign up to PayPal with to the sender of the payment. ... ...your bank account to your PayPal account. It takes about 7 to 9 working days and is free. 'Withdraw': This option can be used to transfer money from your PayPal account to your bank account. This takes 3-5 working days. 'History': Shows all your transaction history. 'Profile': You can 'add or remove an email' and 'add or remove a bank account' to which money will be sent to and edit your profile details. SEND MONEY: You can Send Money to another ...
marina321 25.03.2009
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Makes sending and receiving money online easier Disadvantages: Small charges for receiving and withdrawing money
PAYPAL - www.paypal.com
Paypal is a company that most people have heard about because of Ebay. Unfortunately there are some stories of how Paypal has kept money from them and such, however I have never had any problems with them in the past. I just wanted to share a bit about the company.
WHAT IS PAYPAL?
In simple terms Paypal is the middle man. They make sending payments fast and secure. You send them money and they send it on. People send them ... ...lot of people now use paypal through ebay. It is far easier than sending cheques through the post.
You can also receive payments quickly. If you are a business or an individual people can pay money to your paypal account and it arrives almost instantly.
WHO CAN USE PAYPAL?
Paypal is available in over 55 countries so basically you can send money to or receive money from anyone in those countries. You only need an email address to start with and ...
kelassa 20.02.2006
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: VERY FAST, EXCELLENT SERVICE - IT MAKES BUYING AND SELLING ON THE NET FASTER AND SAFER Disadvantages: TAKES A LITTLE LONG TO SORT OUT ANY PROBLEMS
Paypal has over 70 million members, is available in 45 countries and uses 6 currencies - Basically - you register your credit or debit card with paypal and if you are not in credit, the money you spend comes off your debit/credit card at no extra cost to yourself. If you sell any items on the internet whether it be e-bay or any other site there is a small admin charge (which I will detail further on ) when you except payment from the purchaser. If ... ...withdraw you monies in your paypal account and get them transferred to your chosen bank account. It is very easy to set up a paypal account - you need to start by going to www.paypal.co.uk - and click on sign up.
You will be supplied with the standard account sign up form asking for your personnal details - please remember England in your address - Your e-mail address and password. THERE ARE 3 TYPES OF ACCOUNTS WITH PAYPAL
PERSONAL ACCOUNT -
Ideal ...
arnoldhenryrufus 16.07.2005
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Ciao members have rated this review on average: very helpful Review of PayPal
PayPal is a service where a user can pay another user an amount of money using his credit card, instantly. The money then appears in the recipients PayPal account, minus a fee, and he/she can then either transfer it to someone else or withdraw it to his/her bank account. Its very popular on auction websites (especially as its strongly endorsed by eBay - it is one of its subsidiaries, after all) as the buyer can just click and pay the seller - no ... ...to WorldPay and Protx, as PayPal offer cut-and-paste HTML pay now buttons and a very basic shopping cart facility (with PayPal branding all over it). It also offers a recurring payment facility so that subscribers are automatically billed every month or 5 months or similar. It also has a facility where viewers can donate money, inputting their own amount to pay.
On the surface it does sound pretty good. And for the buyer, mostly, it is. Point, click, ...
mdm708 29.08.2004
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Ciao members have rated this review on average: very helpful Review of PayPal
Advantages: Quick and easy payments. Disadvantages: When things go wrong, your out on your ear.
...day and the wonder of Paypal meant that I could take payments from anyone anywhere in the world.
At the time I set up my Ebay/paypal account we were flat broke, we had literally pennies in the bank. And within a few days we had money coming out of our ears. We paid off our debts, and had some fun for the first time in quite a long time.
Then came the most disasterous day of my recent life. We closed up our Ebay shop for two weeks to take a well ... ...credit card as well as paypal funds through our Paypal account. We contacted the police who to this day are still investigating and we contacted Paypal, who had a simple response "in future you need to be more careful with passwords" They actually implied that either me or my partner had allowed someone to access and empty our accounts. There has been no support and no help, in fact they will no longer take our calls and our e-mails are being ignored.
...
sghawken 01.11.2005 (05.11.2005)
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Ciao members have rated this review on average: very helpful Review of PayPal