Who has not heard of Paypal? Paypal is probably the most popular and sought-after payment method for all kinds of purposes and activities, be it for online selling, casino gaming, sports betting, and what have you. Through the years of hard work and service, Paypal has committed to an all-out customer support and high-standard services. As they claim, they can do flexible payments and have proven that throughout the years.
- Trusted by consumers
- All-in-one payment system
- 3 mobile apps available
- Costly fees
- 21-day on hold for new transfers
- Inconsistent customer support
Paypal is a well-known e-wallet payment method that allows you to shop around the world, transfer funds to family and friends, donate for good causes, and keep your balance. You may also set up a business and receive payments through Paypal. They also offer the Paypal Credit which is a reusable credit line available on stores that accept PayPal.
Paypal uses this certain shade of blue that has become its trademark. The website is actually simple at first glance but it has a nice and sleek interface. The front page instantly gives you a big header. Paypal all over the world has different headers but still makes use of the same webpage. Plus, the sections are easy to navigate.
Transferring funds is as easy as 1, 2, 3 with these 3 steps:
1.Register a PayPal account and securely link your bank account or your credit or debit card information.
2.Enter your recipient’s email or mobile number from your computer or phone, and add an amount to send securely.
3.Paypal will notify the recipient when the money has been transferred
Bank transfers made after 7:00 PM ET or on weekends or holidays may take longer. Instant Transfers may take up to 30 minutes and may vary by bank. Below are the withdrawal limits for Instant Transfer:
- Up to $5,000 per transaction
- Up to $5,000 per day
- Up to $5,000 per week
- Up to $15,000 per month
Thankfully, PayPal doesn’t charge a fee when you plan to open a PayPal account. But the real deal starts when sending funds. There are no fees within the U.S. when sending money to family and friends or when receiving if you use your PayPal balance and/or bank account, however, a fee is charged when using a debit or credit card.
Buying is free within the U.S., but selling charges 2.9% + $0.30 per sale. International sales charge 4.4% transaction fee plus a fixed fee based on currency received. Note that there is a fixed fee when sending outside the U.S. and the list can be found on the Fixed Fee section.
Paypal has three apps available – Paypal App, Paypal Business App, Paypal Here App. All of these apps are available on Apple Store and Google Play.
Paypal App allows you to send and receive money around the world to and from PayPal account holders with the use of their phone number or email.
Paypal Business allows you to create and send invoices, review account activity, issue refunds, and stay on top of your business with your handy device, like a true businessman.
Paypal Here, on the other hand, lets you Set up and customize your business and see or calculate the sales. This app mainly allows you to accept all kinds of payments on your smartphone.
Security and Licenses
When it comes to security, Paypal sets standards to prevent fraud and theft. As they said, “Your security is our top priority.” They boast the millions of investment they made to ensure your safety and block external threats. Paypal blends in world-class anti-fraud detection and 24/7 account monitoring together. They make sure that your personal and financial pieces of information are securely encrypted, hence, the safety of your details. Of course, they observe the basic rule of not sharing any of your information.
Furthermore, Paypal ensures your safety through the activation of a PIN or fingerprint scanning on their mobile app.
The world of the Internet is a deceiving place to be in and Paypal is not exempted from the deception, more so its customers. Phishing is an attempt to get information from you so cybercriminals can steal your money or identity. Customers tend to get hoax emails or SMS that seem to be coming from Paypal. When you feel that an email or message didn’t come from Paypal, do not open any attachments or link. You may forward the entire email to email@example.com.
Phishing emails tend to have common features that real email does not have like not addressing you by your name, bad grammar, wrong logos, request for personal and financial information, deceptive URLs and attachments, unrealistic offers, and more.
Paypal has various customer support options and they do not bluntly lay the contact information out.
Frequently Asked Questions
Answers to commonly asked questions are available on the website. You may navigate to the Help & Contact section and you will immediately see the list of common questions asked by the customers.
Community Help Forum
This section allows you to ask the customers and their experiences and reviews about Paypal. You may either ‘Ask the Community’ or ‘Help the Community’.
You will be laid out with Latest Topics that are recently asked and answered, the Top Kudoed Authors who answered queries accurately, and New Solutions or new answers.
You may also chat with their moderator team every Wednesdays between 1-2pm PT (4-5pm ET) and Fridays between 4-5pm GMT.
If you don’t have a Paypal account, you may call them as a guest at +1-402-935-2050. Take note that this is a US phone number. If you are already a registered member, you will be given a special one-time password to distinctly identify you when you call. Phone support is available from 4 am to 10 pm, Monday to Friday, U.S. Pacific Time and 6 am to 8 pm Saturday and Sunday, U.S. Pacific Time.
Paypal has a special message center where you can compose your email to them.
Well, in terms of security and services, we have nothing else to say about that. Paypal’s outstanding performance is very evident as millions of people around the globe have been trusting the payment system with their business and personal transactions. What we don’t like about it is the costly fees that come with every transaction especially when transacting with other members around the world.