8 Advantages of Using PayPal for Payments
When it comes to accepting payments for goods or services, PayPal is the most recognized name in the industry. PayPal is the world’s largest internet payment processor and one of the most trusted brands. With the growing cross boarder payment by Kenyans PayPal has been the number one choice by many. It’s free to set up a PayPal account, and there are no monthly fees.
PayPal is used mostly by business and professionals to process electronic payments. By using PayPal, businesses, freelancers and professionals can receive payments via credit cards, debit cards, bank accounts, and also through other cryptocurrencies like Bitcoin. The service also offers a dispute resolution suite that you may find particularly useful in case there will be any disputes between payer and payee.
How to withdraw money from your PayPal account to Mpesa
If you are in Kenya and you are wondering how you can withdraw money from your PayPal account, the easiest way is to link your Mpesa number to your PayPal account through the PayPal Mobile Money option. This way you can easily deposit and withdraw money from your PayPal account instantly with Mpesa. However, your PayPal name and Mpesa name needs to be the same to be able to link Mpesa with PayPal.
8 Advantages of Using PayPal for Payments
Below is a list of advantages that comes with using PayPal as a payment option.
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PayPal has a good reputation
PayPal has a good reputation. It’s been around for more than a decade, and the company has built up a solid brand that makes customers feel like they can trust it.
It also has a wide range of features and services that help users manage their money and make payments online, which is why it’s so popular with both consumers and businesses alike.
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PayPal is secure
PayPal is secure because it uses SSL encryption, which means that your information is sent over an encrypted connection. This ensures that no one can intercept your information while it’s in transit. Also, PayPal doesn’t store any of your credit card numbers, so there’s no way for someone to steal them from PayPal.
When you use PayPal to make a payment, your credit card information is not stored on the merchant’s website. Instead, it’s sent directly from your browser to PayPal and encrypted there. This means that no one can access your information except for you—not even the merchant.
PayPal also has security measures in place to protect against any unauthorized transactions being made using your information. If you notice something fishy going on, you can report it and get your money back in most cases.
Read>>>How To Link Your PayPal Account With M-Pesa
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It is easy to set up a PayPal Account
PayPal is one of the most popular payment processing services in the world. They have over 300 million users and process billions of dollars worth of transactions annually.
PayPal is a secure way to pay for goods and services online. You can easily set up your account so you can pay with PayPal at thousands of online stores. You don’t have to give out your credit card information or banking information when you use PayPal to purchase items online. You just need to enter your email address, password, and other personal information once when you set up your account.
PayPal is also easy to use—even for those who aren’t familiar with online shopping or payments. The process of using PayPal is very simple: all you need to know is the email address of the person or business you want to pay or be paid by, and then enter your credit card information or bank account information in order to complete your transaction.
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PayPal is fast
PayPal is fast. And I mean, really fast. We’re talking about a payment platform that processes payments on average within 10 seconds of when they’re made. That’s pretty dang quick! And while credit card companies can take up to three business days to process a transaction, PayPal is ready to go in just a few clicks.
You can use PayPal to make purchases or send payments in just a few clicks, and there’s no need to fill out lengthy forms. You can also withdraw funds from your PayPal balance to your bank account immediately after receiving them. For mobile money users like Mpesa, you can easy link your Mpesa number to your PayPal account for quick transfer of funds in and out of your account
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PayPal is cheap to use for sellers.
PayPal is great for sellers because it’s cheap to use.
It’s free to set up, and there are no monthly or transaction fees. You only pay when you withdraw money from your PayPal account, but even then the fee is just 2.9% of the total amount.
Using PayPal also means that you don’t have to worry about handling cash or checks—all payments are done electronically. Plus, if a buyer doesn’t pay, PayPal will cover your losses up to $20,000.
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PayPal allows you to easily get paid from just about anywhere.
PayPal allows you to easily get paid from just about anywhere. If you’re a freelancer, this is a huge help—you can work with clients all over the world and still get paid in your local currency.
If you’re a business owner and you’re not using PayPal for your online payments, you’re missing out on a lot of customers. You can use PayPal to accept credit cards, debit cards, and bank transfers through your website and mobile app.
PayPal also lets you keep track of costs and expenses, so you know exactly how much money you’re making on each job, and what it cost you to make it happen.
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PayPal makes record-keeping easier.
PayPal is great for businesses that need to keep track of payments made and received. The system automatically logs all transactions, so you can easily see who has paid you and how much they have paid you.
PayPal makes record-keeping easier because it allows you to set up recurring payments and it will automatically send reminders when payments are due. You can also set up a payment schedule for employees, suppliers, and contractors.
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PayPal offers buyer and seller protection.
PayPal offers buyer and seller protection. This means that if you buy something from a seller and it turns out to be a lemon, you can get your money back. If the seller doesn’t want to give you your money back, PayPal will mediate and help resolve the issue.
This is good for both buyers and sellers because it reduces the risk of fraud in online transactions.
Additionally, if something goes wrong during shipping (like the package gets lost) and you don’t have insurance on your shipment, there’s a chance that you won’t be able to recover your losses. PayPal offers coverage for up to $500 in these situations.
Advantages of Using PayPal for Payments
You can use PayPal to pay and be paid safely, easily, and cheaply. It’s free to set up, and there are no monthly or transaction fees. You only pay when you withdraw money from your PayPal account, but even then the fee is just 2.9% of the total amount.
Using PayPal also means that you don’t have to worry about handling cash or checks—all payments are done electronically. Plus, if a buyer doesn’t pay, PayPal will cover your losses up to $20,000.
