Paypal has come in for some serious criticism over the past few years but as a business user I’m starting to find myself saying more positives then negatives about them these days. One of the advantages of using Paypal from a business point of view is that they offer protection under their Seller Protection Policy. For instance in the unlikely event of a chargeback occurring, something that most retailers dread you do have the chance to appeal and unlike card service providers i have dealt with in the past Paypal remain neutral and do not always side with the buyer regardless.
I also like the fact that customers who use Paypal for purchases would have had a certain amount of information such as address and a debit or credit card verified by Paypal.
Paypal is not fraud proof method of accepting payments but it certainly does in my opinion offer safeguards that other payment service providers do not,
Paypal are not the cheapest way to accept online payments but in my opinion they are one of the safest out there today with ever increasing online fraud.
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