About PayPal

PayPal is a digital payment platform that enables businesses and individuals to pay and accept payments through an online portal without revealing any financial details. The solution is suitable for businesses of all sizes. PayPal provides a one-touch login process, so there is no need to re-enter information. For individuals, users can shop as well as process transactions overseas by linking their card details through PayPal’s portal. For business owners, users can accept international payments from banks or digital wallets on through the portal. They can bill the clients, receive direct payments from suppliers or manufacturers and accept payments from more than 200 markets with a single account. PayPal charges a transaction fee, which is calculated based on businesses’ total sales volumes. The system is compatible with mobile devices.
PayPal Software - Payment screen
PayPal Software - Set up account
PayPal Software - Account options
PayPal Software - Payment screen - thumbnail
PayPal Software - Set up account - thumbnail
PayPal Software - Account options - thumbnail

PayPal pricing

PayPal has a free version. PayPal paid version starts at US$0.04/month.

Starting Price:
US$0.04/month
Pricing Details:
Pricing is based per transaction. 2.5% + Fixed fee ( $0.041)
Free Version:
Yes
Free trial:
N/A

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PayPal Reviews

Feature rating

Value for Money
4.5
Functionality
4.5
Ease of Use
4.5
Customer Support
4.5
5 reviews of 21,276 View all reviews
Josh C.
  • Industry: Design
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
0

5
Reviewed on 14/09/2021

Great online payments system with many features

My experience has been great and I use Paypal all the time for many online purchases and have places that send me payments right to my paypal account.

Pros

There are very few places that do not take paypal. You can easily add multiple ways to pay. It also easily integrates with many things like woocommerce, zapier and wordpress to take payments if you would like. It is easy to get money from friends or people who owe you for business.

Cons

There is really only one annoyance that I have with paypal. If I have a say $10 visa or mastercard gift card and say I want to buy something for $15 most places online don't take 2 forms of payment for the same item so I need some way to put the gift card into my paypal account, but they don't allow you to easily send money from a credit card or prepaid gift cards. So the work around is to make an invoice and send it to another email and then pay with the gift card. There are 2 things with this the first is then that you must pay a fee which I understand and would be fine paying the fee. The other is that the whole process is a pain in the butt. They should just allow prepaid gift card amounts to be added to your balance and then just charge you the fee. Annoying but not a deal breaker.

Alternatives Considered

Wave Accounting

Reasons for Switching to PayPal

It's not necessarily that I have chosen Paypal over Wave. I use Wave more for my business and accounting stuff and making pretty invoices. I use Paypal way more often for my personal stuff and many online purchases and to get payments from survey sites and a few other things. So I think Paypal has its great purposes and if I start an ecommerce website which I probably will I will likely use Paypal for taking payments with Woocommerce.
Claude F.
  • Industry: Retail
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 10/10/2021

Who doesn't know Paypal as the best and most secured online bank and payment processing system?

To sum it all, paypal is the best online bank system because of its very strong security. It is almost impossible for scammers to steal your money if you use paypal as means of payment

Pros

Everyone knows paypal as the most secured online banking system or escrow system. They give scammers a nightmare. Scammers cannot steal your money if you use paypal as a payment processor. I also love the aspect that they support business to grow by giving them business credits or business loans. The user interface is also straight forward and easy to use. It is also a very fast, reliable and secure way of sending money to anybody in the world. They also have a good customer service, who are very nice to customers. They are constantly bringing in new features into the platform like cryptocurrency trading. I also love the face that you can buy an item and pay in 4 different installments. The list goes on ...

Cons

Overall, I do not have any issues with paypal. Sometimes, they are to strict to a point where they may limit or suspend your account after you initiate a huge transaction. This is something good, but they take almost a week to restore your account. A week is a long time and it may affect a business

Ericka M.
  • Industry: Veterinary
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
1
Features
4
Ease of Use
3
Customer Support
1

3
Reviewed on 02/01/2020

PayPal Uses Your Money To Make Money!

My problem with PayPal is they try to be like a parent is to a child. Saying it’s my money they are just holding it for me. If it’s my money then give me my money PayPal.

Pros

My clients felt their payment information was safe and secure with a well know company that PayPal is.

Cons

That payments for services were held no matter what for three or more days unless clients called them to confirm services were done or being done. Even then my company had to wait on client payments of services rendered.

Alternatives Considered

Shopify POS and Square Point of Sale

Reasons for Choosing PayPal

Quickbooks wasn’t as user friendly to put on my Website as Quickbooks was.

Switched From

Shopify POS and Square Point of Sale

Reasons for Switching to PayPal

The PayPal name. It being widely known.
Verified Reviewer
  • Industry: Music
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 30/09/2021

PayPal is an Essential Payment Provider with Amazing Features for Every Business

Overall, my experience with PayPal has been very positive. From the ease of use, convenience and safety of transferring money, PayPal remains one of my top choices for business transactions, especially when dealing with customers and merchants overseas.

Pros

PayPal takes the globe and makes it feel small. Through the payment services PayPal offers, anyone can do business from anywhere, and know that their money, as well as the money of their customers, is safe and secure. PayPal makes it easy to send and receive money. I love PayPal's ability to convert currency easily, as well as the "instant transfer" feature where you can receive money instantly into your bank account from PayPal. I also love that when you receive money, you can use it as "PayPal cash" to pay for other transactions, or deposit it into a linked checking account. While there are several other payment providers available, the features and ease of use that PayPal offers makes it a top performer, and must-have for any business.

Cons

PayPal is truly amazing, and overall has great features. The one downside is the excessive fees. From the instant transfer fees, to the payment fees, etc, PayPal certainly takes its share of revenue. If the fees were lowered, or even eliminated in some cases, PayPal would be the top choice for just about every business.

Alternatives Considered

Apple Pay, Shopify POS, Square Payments and Google Pay

Reasons for Switching to PayPal

While I still use other products as well, PayPal is best for ease of use. Because it was one of the first available payment providers, I find that people of all ages can easily use PayPal, while they may not yet be used to using other payment providers.
Md mahbub A.
  • Industry: Computer Software
  • Company size: 2-10 Employees
  • Used Weekly for 6-12 months
  • Review Source
Value for Money
5
Features
4
Ease of Use
5
Customer Support
5

5
Reviewed on 15/09/2021

When it comes to choosing the best payment system, Paypal is the most perfect solution!

PayPal is one of the most popular online payment systems around the world. It allows users to transfer funds electronically and also provides the ability to make payments without divulging financial information since it can process payments via credit card or bank account without any direct link between the consumer's bank account and the merchant's PayPal account. In addition, PayPal offers a buyer protection guarantee for unauthorized purchases made with a user's credit card on its network.

Pros

As i work with digital marketing and serve globally so it's mandatory for me to find the best solution. Paypal did the job for me. I can take payments anytime securely, from any country of the world (although Paypal doesn't support in few countries yet). Besides i can buy digital goods easily with the help of paypal. Its supported to all the global platforms which is great. In the same country, transferring money has no fee! Gift card system is also useful sometimes. In a word, i'm in love with Paypal.

Cons

Paypal usually gives the most priority to the senders. Sometime clients ask for dispute illegally, Paypal can't guarantee your money. I saw few buddies, their account has been limited by Paypal for the illegal dispute requests by their clients. Paypal should come up with the solution and serve properly to the both parties.

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