What are the pros and cons of using PayPal?

Paypal gives you a secure platform that offers good deals and discounts. Whereas, cons such as freezing the account, in any case, may damage small businesses. Consequently, the Pros exceed the cons and this is the reason that PayPal is the most preferable platform. Paypal gives benefits to business accounts.

What can I do with PayPal?

One of the most common uses of PayPal is to pay for wins in eBay auctions. While it’s not required to pay for your eBay auction with PayPal, because of the relationship between the two companies, it is a common usage of PayPal. PayPal also acquired Venmo, another online peer-to-peer payment service, in 2013.

What are the fees for using PayPal?

The following are the different types of fees that you can expect when someone makes a purchase through PayPal: The standard fees for online purchases made within the U.S. are 2.9% + $0.30 per transaction. However, if the sale occurs in your store’s physical location, and someone pays through PayPal, the fees are 2.7% + $0.30 per transaction.