Venmo is a digital payment and wallet gateway that allows customers to transfer money and make payments via their...
Software Advice offers objective, independent research and verified user reviews. We may earn a referral fee when you visit a vendor through our links.
Learn more
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 pricing
PayPal has a free version and does not offer a free trial. PayPal paid version starts at USD 0.49.
Starting Price:
USD 0.49
Free Version:
Yes
Free trial:
No
Alternatives to PayPal
Clover is a powerful all-in-one POS system designed to help small businesses streamline their operations. The system...
Squarespace helps users create websites and offers an e-commerce solution for small and midsize businesses for building...
2Checkout is a digital commerce solution that has both Payment Service Provider (PSP) and Merchant of Record (MoR)/resel...
Authorize.net helps makes it simple to accept electronic and credit card payments in person, online or over the phone....
PayPal Here is a mobile application that allows retailers and merchants to process transactions. The application uses a...
PayPal Reviews
Feature rating
5 reviews of 25,385
View all reviews
SALAMI
- Industry: Marketing & Advertising
- Company size: Self Employed
- Used Daily for 1+ year
-
Review Source
4
Reviewed on 01/12/2024
PayPal Review
My experience with PayPal has been positive; It's a simple and quick way to send and receive money online, and both the website and mobile app have an intuitive user interface.
Pros
Its security and usability for online payments, which allow customers to send and receive money without giving businesses all of their personal information.
Cons
PayPal block users and freeze and hold funds from accounts without warning, which irritates users.
sarad
- Industry: Information Technology & Services
- Company size: 11–50 Employees
- Used Daily for 1+ year
-
Review Source
5
Reviewed on 18/10/2024
Paypal the digital era wallet
Overall experience with paypal has been super great, I just loved it. The day I started using paypal I almost forget about other methods of payment.
Pros
Paypal is accepted internationally and we can global merchants accept it for payment and is also very secure.
Cons
transferring money from paypal to bank sometimes take more time than usal.
Elizabeth
- Industry: Retail
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
3
Reviewed on 27/11/2024
3 out of 5 stars overall
I started using square more and PayPal put a freeze on my business account asking for my taxes and other paper work which I have already provided once before and it was a pain. It is back up and running but just was a hindrance I was not prepared for.
Pros
Being able to use the virtual terminal to take credit card payments, links you can send in text messages to receive payments, QR scanning to ring up items as well as take a payment.
Cons
The captcha glitch is the worst, next is the lack of quality customer service, trying to accomplish adding money to your balance and 90% of the time there is an error. Business App should have more options to take payment.
Reasons for Switching to PayPal
I use both paypal and square depending on the context of the sale.
Jelmer
- Industry: Wholesale
- Company size: Self Employed
- Used Monthly for 2+ years
-
Review Source
1
Reviewed on 10/12/2024
No not trust paypal
PayPal PayPal: Terrible Service and No Buyer Protection!
I trusted PayPal blindly because of their so-called “buyer protection,” but it turned out to be completely useless. I purchased an eGold membership with eWorldTrade, only to discover later that this company is full of negative reviews. According to the contract, I am entitled to a 90-day money-back guarantee if I am dissatisfied with their services. This period has not yet expired, and I decided to reverse the payment through PayPal because I refuse to support fraudulent practices.
Instead of assisting me, PayPal chose to call me three times a day, pressuring me, but looking into the negative reviews of eWorldTrade themselves? Apparently, that was too much effort. Despite providing clear evidence from the contract I submitted, PayPal sided with the fraudulent company. The result? I lost nearly 1000 euros and received zero support.
PayPal’s promise of “buyer protection” is nothing more than a marketing gimmick. They refuse to take responsibility and support fraudulent companies instead of their customers. NEVER AGAIN PAYPAL! Such a disappointing experience from a company that claims to be reliable.
Pros
The scammer is always right, goodjob Paypal Lets make the world a saver place (not)
Laurie
- Industry: Medical Devices
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 19/12/2024
Easy set up, little higher cost per trasaction
PayPal worked well for a time and was easy to implement. The biggest reason we moved on from PayPal is because of the higher cost per transaction compared to its competitors.
Pros
We could make customized invoices so our customers could pay online. We could also type in payments that we received over the phone.
Cons
Our cost of each transaction was higher than other products. It takes longer to receive our money than some other products.
