I’m not sure if you’ve used PayPal before or if you’ve done online shopping, but for me.. I absolutely love PayPal. There are lots of reasons why I like it so much:
Ease of Use
As long as I know my username and password, I can make a payment through PayPal – it almost seems too easy, but I guess I’ve had good luck with it so far – so I’ll knock on wood with this one.
Online Payments
Almost all online advertisers and payments can be made to my PayPal account. It’s awesome! In fact my online advertising revenue generally comes in every 2nd Friday just like a paycheck and then for subscription services (which I’ll get into next) just come out of that so it doesn’t touch my bank account.
Subscriptions
This is almost like a saving account – you set it, and forget it. I think it’s great as I make a regular donation (every month) to Heavenly Creatures where I got my Beagles and generally it almost always gets paid by the blog revenue that I host there. Perfect! Skype payments? Comes out of my PayPal account every 2nd of the month. What I like about the subscriptions especially as far as donations go, is that at the end of the year when they send you the donation receipt.. it really adds up!
I feel bad for anyone who wants to try to sell merchant accounts with a competitor like PayPal.
Do you use it a lot? Like it?
I use it for all my online transactions, buying directly from suppliers rather then going through the middle man, invoicing US based clients or clients who opt to pay via Credit Card, ad revenue collection etc… the list goes on and on, and recently setup paypal for a client who will be launching an online store, couldn't have been any easier.
Yeah I really love it.. sadly I don't even mind the $0.50 fee it charges you for withdrawing to my bank account (less then $150)
I do have to check out setting up a merchant account though and the fees associated with it for the PEI Humane Society site which I'm working on… hope they're reasonable.