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
Member Name: Sasha2
Advantages: Ease of use, worldwide acceptance
Disadvantages: High fees, limitations, terrible customer service
Been using Paypal ever since I starting using Ebay, ever since 11/07 it's been mandatory to use them.
For those of you who are unaware Paypal and Ebay are now the same company, and are taking over the world.
My first real experience of using Paypal was when I became a seller rather than a buyer. All was going swimmingly, I was receiving those golden instant payments notification every day, the only nag that I had is that Paypal have ramped up their fees to a truly greedy level.
But the fees aren't the biggest annoyance for Ebay sellers, it's limitations which are the biggest nuisance. Paypal always on the lookout for scam artists, will limit your account for no apparent reason which can cause you serious problems for your business. Most limitations are resolved by just changing your password, but even small limitations like that are highly destructive because any bank transfers you have in place are reversed!, and through no fault of your own. Then there is the more serious limitations where PP pretty request a whole lot of information off you, source of inventory, business plan, ID, etc etc. It can take so long to sort this out, that depending on your business model, you can be well and truly stuffed. And talking to customer service is a humiliating experience.
I really don't like Paypal at all, Ebay AUS has caved in to public pressure and made it not mandatory to use Paypal. And if we put enough pressure on Ebay, hopefully the UK will go the same way.
There are many other payment processors out there you can use like CCnow and Google checkout to name a couple.
I realise that PP are pretty good when things are rolling smoothly,so I will give it two stars instead of one!
Summary: Use only if you have to