The Pros and Cons of PayPal
|People with funds in their PayPal accounts may prefer to use these up rather than use a credit card.
||Some online shoppers realise that PayPal is relatively easy to set up and doesn't require a merchant bank account and therefore perceive it as amateurish, more so in the UK than the US.
|Some online shoppers see money in the PayPal account a bit like a gift voucher waiting to be spent as opposed to a credit card that should avoid spending if possible.
||The user is taken away from the online shop on to the PayPal website.|
|Some customers are reassured by the security PayPal provides.||PayPal have been known to freeze user accounts without warning.|
|If a user has a PayPal account it's likely that they have bought things online before and are likely to buy online again.|
|When used with other payment options, PayPal is just another option that may be more convenient.|
|Tends to be popular and trusted in the US.|
|No subscription fees on the Standard account.|
|Good for international payments.|