2007-06-20 07:55:37 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
Paypal benefits are that anyone can take a credit card not just a business. If you are selling something it is a easy way to get your payment without waiting.
Paypal risks are identity theft. Someone changed my password in my account and I had to wait months to get my accounts back.
2007-06-20 08:01:28 · answer #1 · answered by tbunnyrocks 1 · 0⤊ 0⤋
For Seller : instant payments; BUT a charge rate of 3.4% on Premier Accounts which can accept credit card payments. Open to abuse by untrustworthy buyers unless you obtain proof of purchase for all parcels - very open to chargebacks.
For Buyer : payment protection over a certain figure, instant payment means instant despatch (in theory), being able to use credit card and not just available balance, no charges. Being able to do a chargeback if item not received, or not as expected.
2007-06-20 15:02:19 · answer #2 · answered by Sal*UK 7 · 0⤊ 0⤋