Why do people use PayPal? What makes it so popular as an online payment system? You will be hard pressed to find someone who has not heard of PayPal in the current age. It is now a household name in countries all over the world. Founded in 1998, it has steadily grown in popularity to become the most used eWallet in the word.
When shopping online, people just expect to be able to use PayPal to make a purchase. Not only is it quick and efficient, but it can also help save you money when it comes to fees and buyer protection.
Over the years, it has transformed the way that people use money online. With over 227 million active users, and over 17 million merchant accounts, it must be doing something right. It rose to prominence with the help of its partnership with eBay, and now the majority of online merchants such as Amazon, Walmart and even World Market have it listed as one of their accepted methods of payment.
There are many advantages to using PayPal when making a payment online. Many people prefer to use it due to its flexibility. You are able to set up multiple bank accounts, debit cards, and credit cards to fund your PayPal account, so you will never have the embarrassment of having a card declined.
Some people are still very wary when it comes to entering personal details online, such as credit card or bank information. Once you have entered this once into PayPal, you will never have to worry about doing it again. Using PayPal, you get to keep your credit card information private, so you can shop without worrying.
There are many other benefits that come with using PayPal. For example, you can send money to people across the globe with ease, saving both time and money when it comes to transfers. There is an app which makes it easier to shop and transfer money wherever you are. PayPal also sponsors special discounts for customers who shop with selected retailers.
To find out more about PayPal, take a look at the info-graphic below: