With so many payment processors out there, figuring out which one you should use can be a bit of a challenge. However, we have done our research to find out which payment processor is the best, and our answer is PayPal. Below are the pros and cons of PayPal, so you can get an idea of why we think it’s the best.
The Pros of PayPal
One of the best things about PayPal is it is extremely easy to use and setup. It shouldn’t take long to get everything setup. In fact, you could be up and running with PayPal within a matter of a day or two, maybe even less.
Another advantage of PayPal is safety, as PayPal takes the online safety of customers’ information very seriously. You can rest assure your customers’ data will be kept safe and secured and the chances of it being hacked are slim. If you want to ensure your customers’ payment data and information is as safe as possible, then consider using PayPal.
The PayPal app is extremely easy to use, and more and more people are using the PayPal app to make purchases online. By using PayPal as your online payment processor, people who use the app will appreciate how fast and easy your checkout is. This could very well be a deciding factor in whether or not they use your website again to make purchases.
Speaking of customers using the app to make purchases, it’s worth noting that customers don’t even need a PayPal account. If you use PayPal, then you can accept credit card or debit card payments. This is another key advantage of choosing to use PayPal as your online payment processor.
Furthermore, creating invoices is easy with PayPal. In fact, you can do it from within your PayPal account and these invoices look very professional. If you want to provide customers with professional looking invoices for merchant account rates comparison or any other benefit, then you’ll want to use PayPal.
Does your website deal with recurring payments?
If so, then you’re in luck if you choose PayPal because it allows you to setup such payments. They allow you to do it with ease.
The bottom line is receiving payments is easy with PayPal. The chances are you won’t use another processor ever again. However, there are a few cons you’ll want to know about, and they will be discussed in the next section. Then you can decide whether or not PayPal is right for you.
There’s not many cons, but one major one is you could be hit with large fees for charge-backs. Another con is you are charged to receive money, which can add up in the long run. Besides this, there aren’t any huge cons that should make you think twice about using PayPal as your payment processor.
If you’re looking for a payment processor to use, then look no further than PayPal. It is hands-down the best payment processor around. If you want to find out what makes it so good, then start using PayPal as soon as possible.