Pros and Cons of Making Payments with PayPal

Pros and Cons of Making Payments with PayPal
Photo by Marques Thomas on Unsplash

PayPal is currently the most used third-party payment service provider worldwide. There are many bookmakers that accept paypal. Shoppers, freelancers, and businesses also accept PayPal.

Research shows that up to 429 million PayPal accounts were active during the first quarter of 2022. Nevertheless, making payments with PayPal has its pros and cons. Here are a few of them you should know about:

Pros of using PayPal

Some of the pros of PayPal include:

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  • Highly secure

According to recent studies, more than 65 percent of online shoppers in the United States feel more secure buying stuff online from merchants that use PayPal. This makes it possible for businesses or eCommerce stores that offer PayPal as a payment option to boost conversions and lower cart abandonment rates.

PayPal has a set of established security measures that make it pretty tricky for scammers or fraudsters to use its services successfully. Some of the security measures include:

  • Offering fraud prevention by not asking for highly sensitive personal information through email
  • Never sharing sensitive payment details with users, especially sellers
  • Access to dispute resolution for users that want to complain of incorrect or unauthorized transactions, etc.

These are just a few security measures PayPal has set to protect its users.

  • Send money to family and friends for free

You can send money to a member of your family, a close relative, or a friend studying abroad via PayPal. The payment service provider never charges users that send money as gifts, especially if sent to family members.

Cons of using PayPal

Some of the cons of using PayPal include:

  • Receiving money attracts some charges

PayPal charges users for receiving money, which could be any amount from 5 to 10 cents. This is mostly noticeable on eBay, putting sellers in a tight spot as they have to accept the imposed fee. This differs from the charges the auction service imposes on sellers.

  • Freezing a user’s account without prior warning

If there’s one thing PayPal is notorious for, it is freezing a user’s account without prior warning. This is because the payment service provider’s algorithm is too intense as it searches for even the minutest unusual behavior of users. As a result, an action as harmless as moving a larger-than-usual sum through PayPal’s systems can freeze a user’s account permanently, in most cases.

This makes life difficult for users, especially retailers and individuals who use the payment service provider.


For good reasons, PayPal is the most popular payment service provider worldwide. However, knowing the pros and cons of making payments with PayPal is essential. This will help you make the proper payment decision anytime you want to make international payments.

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