Fast! (paypal.com)

Member Name: CokaCola

Product:	paypal.com
Date:	30/12/08 (20 review reads)
Rating:

Advantages: Easy to use, Speedy!

Disadvantages: Often hard to send and get a tracking number, so often no insurance

PayPal is the most ingenious little thing on the internet and without it, I would be far less wealthy than I am. PayPal allows commerce to move quickly for people who do not have Credit/Debit card terminals and also allows you to efficiently pay for products by instant bank transfer, or by credit card and prevents the user having to type in their card details on every website/eBay listing they purchase from.
Have I had any bad experiences with PayPal? The first thing I would say is that the number of easy, happy transactions I have had through PayPal have been immense and I would definately consider using it for the next decade of trade! I have however on only two occasions been left out of pocket because of people paying without suffient funds in their account/on their card. When this is the case, PayPal sends you an email a few days after the transaction is complete and almost certainly after the item has been dispatched to let you know they have taken the funds from you and are holding them whilst they investigate whether you are eligible for compensation under the buyer protection scheme. The problem with this scheme is you must send with a service that gives a tracking number and for most items which are sent by Royal Mail 1st, 2nd or Standard Parcels classes, this is not something that you are given and therefore you will be left out of pocket should a fraudulent payer send you funds.

Summary: Pros by far out-weigh the cons!