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Paypal, definitely my pal -  paypal.com Bank
paypal.com 

Newest Review: ... to buy from various other online shops. When receiving money, PayPal do tend to charge fairly hefty fees, around 10% of what you are rece... more

Paypal, definitely my pal (paypal.com)

LisaW82

Member Name: LisaW82

Product:

paypal.com

Date: 01/02/09 (55 review reads)
Rating:

Advantages: Fast and secure system in every way

Disadvantages: Annoyingly large fees on each payment received

As a former non-believer in sending money and handling financial transactions online, I can tell you that it was Paypal who changed all that for me and gave me the confidence in the system to do it.

I use Paypal every single day as I have an eBay shop which is obviously linked heavily to Paypal. I find Paypal to be very fast and efficient in every way. The website is always online and advertises any maintenance well in advance. The site is clear to use and well presented, giving you what you need to know straight away.

The handling fees are the only draw back with Paypal as I don't see why they need to take 27p off me everytime I sell a card at £2.65, but those are the terms I signed up to so I can't complain.

The withdrawal system seems pretty steady and I can almost bet my house on a Monday withdrawal being in my bank account by Friday of that very same week. That is very good by any banks standards.

On the odd occasion I have had an issue, I have found the staff, both remote and over the phone to be polite, informative and speedy.

Summary: Definitely the most secure way to run an eBay shop financially

Last members to rate this review:
(22 members total)

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Overall rating: Very useful

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Last comments:
plipplop

- 02/02/09

Actually, a transfer time of Monday to Friday is abysmal since the Faster Payments system was introduced, whereby funds transferred from one bank to another clear almost immediately - and that's free as well.
snootybutnice

- 01/02/09

I find paypal brilliant (once you get around to setting it up) but their frees are quite steep...but "thems the breaks"!
licclevicki

- 01/02/09

yeh the handling fees are a bit steep, but its a good service


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