Newest Review: ... the menu at the top but the actual transfer is a bit on the slow side. I transferred some money to a friend and it took the best part of... more
No problems here
Member Name: originl
Advantages: Easy & quick to pay, safe
Disadvantages: Verification takes too long
The number of bad reviews PayPal has gotten on this site has come to great surprise to me so I thought I'd share my experiences. I have been using PayPal for over five years now with very few problems (although over 95% of my transactions are admittedly as a buyer rather than seller).
PayPal is easy to sign up and providing you have your own bank account, you can quickly gain access to all its features. You give PayPal your account information and they will act as the means of taking the money from you and your account to the person/company you are paying meaning you don't need to pass your bank details out to a great number of companies over the internet.
I recommend that you verify your account as soon as possible to help future transactions to be completed quicker. To verify, PayPal will deduct two small amounts of money from your account (in total less than £1, normally less than 20p), and then you declare how much was removed. Once verified sending payments are instant whereas without verification payments can take up to 14 days.
I have never had any problems with PayPal (other than verification taking over a week to process) and so would therefore strongly recommend it as a safe way to transfer money on the internet. Although as previously mentioned, the vast majority of PayPal transactions have been as a buyer rather than a seller.
Summary: Enjoy using and will continue to use