Paypal : The Widely Accepted Funds Manager and Payment Gateway

Now, I've only used Paypal once, and I didn't have a great experience with it.  But in part I found out this was due to something I did, or didn't do; but anyways, that's a different story.

Paypal is perhaps one of the most widely solutions for payment processing needs related to consumer to consumer marketplaces.  What do I mean?  Ebay for example.  It's essentially a collection of consumers who are reselling or auctioning items to other consumers, and after the transaction is finished, they needed a client that can assist in transferring funds.

So what are the pros for these buyers and sellers?

Let's find out.

Pros

* Secure Processing

* Low Transaction Fees

* Larger User Base

*Accepts Majority of Major cards

*Strong Support Network to Assist in Any Issues

*Accepts Many Currencies

*Easy for Developers to Use, Meaning High Adaption for Variety of E-Commerce Sites

Now, that's all great, but what about the negative sides?

Cons

* Negative Experiences from Users Don't Cause Innovation or Change Due to their High Market Share

* Pay Pal has Authority and Control Over Your Money

*Adoption and First Time User Can Be Tricky (even for tech savvy folks like my self...)



All in all I'd say user Paypal, but just know that it's not all peaches and creams.