PayPal, online payment industry, PayPal Smart Connect
PayPal is the most popular platform that is used to carry out online transactions globally. It is easy to use, and the members are able to send money to anyone or purchase anything they want. The main requirement for PayPal services is an email. PayPal is described as the simplest and safest method to pay and receive payment online. It offers many options of payments such as bank accounts, credit cards and PayPal Smart Connect without necessary having to share information. It is referred to as P2P that means person to person system of payment that enable worldwide to transfer money and also shop online (Walmsley, 2012).
PayPal is preferred by most people since it is secure, has direct perception, contains high applicability, subsidized costs for the merchant accounts and easiness of operations (Walmsley, 2012). In addition, PayPal acknowledges flexibility since a people can use different credit and debit cards and also direct transfers. PayPal is one of the models that has been successful and makes a total of an estimated four hundred thousand transactions daily for over forty million customers. PayPal thrives because most of its competitors were experiencing challenges when it came into the online payment industry (Miller, 2006).
[...] PayPal ensures that they put in place security policies that enable the clients to adapt to the system easily. The interests of the buyers are protected particularly for those who shop online. The main reason that makes PayPal runs the global online payment industry is because it allows people to purchase services and goods from different countries via internet (Miller, 2006). Moreover, it saves the people other tedious ways such as using checks and money orders. PayPal attracts customers by use of low prices and offering convenient services. [...]
[...] The above online transaction platforms enable people all over the world engage in business without necessary being in the same country. These systems of payment are however subject to frauds due to online hackers or tricks that clients fall for. It is advisable that an individual makes use of the customer care service that is available online in order to be sure when making a transaction (Carroll & Broadhead, 2001). Without the online methods of payment, so much money and time would be wasted on the manual ways that are used to exchange money. References Ameen, S. [...]
[...] (2012, March 2). Tips to Remember When Using an Escrow Service. Retrieved November from http://community.tradekey.com/article- 109/Tips_to_Remember_When_Using_an_Escrow_Service.html Carroll, J., & Broadhead, R. (2001). Selling online: How to become a successful e-commerce merchant. Chicago: Dearborn Trade. Lazarony, L. (2004, May 17) tips for spotting online escrow fraud. Retrieved November from http://www.bankrate.com/brm/news/advice/scams/20040517b1.asp Meyer, R. (2012, May 15) Excellent Online Payment Systems - Six Revisions. Retrieved November from http://sixrevisions.com/tools/online-payment-systems/ Miller, M. (2006). [...]
[...] How to Secure Online Payments? How to Secure Online Payments The three main methods that are easily accessible for online payment include PayPal, Skrill and escrow. PayPal PayPal is the most popular platform that is used to carry out online transactions globally. It is easy to use, and the members are able to send money to anyone or purchase anything they want. The main requirement for PayPal services is an email. PayPal is described as the simplest and safest method to pay and receive payment online. [...]
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