PayPal is one of the most popular eCommerce tools in the industry. With 162 million registered users, their reputation for safety, security and instantaneous transactions and payments has them rated very highly amongst online consumers. Plus, as the company is now branching out into offline modes of payment, the company looks only likely to grow. So, what exactly is PayPal, and why is it so popular?
Essentially, PayPal is a form of eWallet. When you make an account with them, you can deposit money into the account and this is exchanged for credit. You are then given a pin number. When you want to pay for things online, rather than entering your bank details again and again, you simply enter your pin number and your credit will be transferred from your account. This way, you don’t have to be constantly entering your bank details onto various different websites. Your cash can be easily and instantaneously transferred between your bank account and your PayPal account, so the service can also be said to be very convenient.
PayPal can be used for almost any kind of online transaction, provided that the store you are shopping with accepts it. These include online clothes sites, supermarkets and even online bingo. Many charities also accept PayPal, as well as fundraising sites such as GoFundMe and Indigogo. You can usually find out if PayPal is accepted by looking at the payment options often listed at the bottom of each page on online shopping sites. Most major stores will accept PayPal, as they recognise the value and safety which the service offers to players. This is why the paypal-bingo.org site owner can admit that they set up their site to provide bingo players with the best available deals on bingo sites which offer PayPal.
So why should online shoppers opt to use PayPal over other online payment methods? We’ve already covered the security aspect, in that it’s far safer than entering and re-entering your card details online. However, the other advantage of PayPal is that it’s instantaneous, and therefore more convenient than other alternative payment methods. For example, pre-paid top up cards have to be topped up in a local store and then have credit deposited online, which can be a bit time consuming if you run out of credit on your card and want to pay for something now.
Looking at these advantages, it is easy to see why PayPal is such a popular online payment method. Make sure you try it out today.