PayPal is a fairly well-known solution for online payments and website design to bank accounts. Indeed, over the years this solution has established itself as a leader in online transactions with availability in several countries and in several currencies.
This solution offers several advantages; to know :
A suitable solution for several types of solutions
Whether you are on Magento, WordPress, PrestaShop, Joomla, Drupal … you can easily integrate PayPal for payment management on your website.
Easy and quick connection
PayPal gives you access to several secure options to make the connection between your website and your PayPal account. In fact, you either have the option of using your email with less configuration which will redirect your customers to finalize payment on the platform. Or alternatively, you can use the API which helps improve your customer experience.
You can accept payments from all over the world
With the ability to transact from one currency to another via the platform, you can easily accept online payment from your customers regardless of their currency of origin.
A fairly effective conflict resolution center
PayPal offers you the option of handling disputes with customer or suppliers quite easily. Therefore, you have less to worry about in the event of dissatisfaction.
Some features of this solution
PayPal offers several features. Below are some features:
Compatibility with several tools
PayPal works easily with several modern tools. Plus, you can integrate it into your site no matter what programming language you use.
Fairly elaborate documentation
For the management of your site or the functionalities, you have access to extensive documentation on PayPal. In addition you always refer to online communities when needed.
Login to your account with your email
Using only your email address, you can accept payments on your site. Indeed, the solution allows you to configure payment on your site using only your email. For this purpose, customers will be redirected to the site to finalize payment.
Using the API key for full payment on your site
With the API key, you have the possibility to make a configuration allowing customers to complete the order without leaving your site.
Some disadvantages of the solution
PayPal doesn’t just have advantages. Below are some disadvantages.
The transaction cost
For each transaction, the solution costs a certain amount which is quite considerable.
Limited to certain countries
In developing countries, integrating PayPal is not always easy. For example, countries that do not have a verifiable physical address will be refused the creation of a PayPal business account.
Need a bank account for Money Transfer
Unless you use money in your account to make payments on sites that also use PayPal, it’s relatively complicated to withdraw your money if you don’t have a bank account.