PayPal was the boost that the Internet needed to offer a secure payment method over the Internet without the need to use a credit card. When PayPal arrived on the market, the connections were not encrypted as they are today that the https protocol is used, a protocol that encrypts the content that is sent from a computer to a server, so that if someone has access to that content, they cannot You will be able to access the content in a simple way and you will be forced to use programs to try to decrypt its content.
For a few years, most websites have used the https protocol, so we will not have any problem using our credit card data when buying online, since these data will only reach the platform where we make the purchase, so we really already no need to use PayPal to make purchases online. In addition, as the years have gone by, the platform has been forced to implement a series of measures to try to compensate for the number of users who use it.
Disadvantages of using PayPal
In late 2022, PayPal announced a move to start charging users of PayPal accounts that only use it sporadically. That is, users who have an account on the platform and who use it very occasionally. This measure involves charging 10 euros per year for account maintenanceas if it were a bank, a movement that, as expected, caused millions of users to close their accounts to prevent PayPal from charging that commission.
In addition to the account maintenance fee, we must add the commission that PayPal charge for each transaction performing. If we want to collect items that we sell through any platform, PayPal will apply a commission that works based on a percentage, so sometimes, if the amount is very high, the commission can be a real nonsense. Where PayPal does not charge a fee is when it is used to send money to friends or family.
In addition, another of the negative points that we find in PayPal is that, if we request a refund of the money for a purchase that we have paid using this platform, they will only refund the amount of the purchase, completely ignoring the Shipping costsshipping costs that should be borne by the seller of the product, as long as the problem that has led to the return is due to a vague description that does not match the item in question.
If we use PayPal to receive payment for products or services we perform, we must take into account that the company withholds the amount of transactions until the user who has made the payment confirms that there is no problem and that everything has gone correctly. In addition, if the amount that we generate in our account is very high, we will have no choice but to associate a credit card so that the company can verify that we are the legitimate owners of the account.
