If you’re not familiar with what a paypal account is, I’m not sure what planet you’re from. People who frequent ebay, as a buyer or a seller, you probably have your own paypal account, or several. I have to say that although I was incredibly skeptical about the whole concept when I first was introduced to it, but I’m a huge fan now. I sell things frequently on ebay and with having a paypal account, I can be paid almost instantly. It is wonderful. Gone are the days of watching the mailbox, waiting for a personal check or money order to arrive. Gone are the days of all of the old-fashioned payment methods. Now, with a click of the mouse, you can pay someone on the other side of the world. Amazing.
My only complaint about having a paypal account, and I shouldn’t complain in the least, is that once you try to transfer funds from your paypal account to your bank account, it seems to take way too many days. Perhaps that is more my bank that seems to make it take 3-4 days, but nonetheless, it is frustrating. That means that I’m fronting the money for shipping costs before I can even touch the money that I was paid.
There is so much money that changes hands on the internet, and the majority of it seems to go through paypal. If you have a paypal account, you may be subjected to fees. I seem to be charged a fee everytime I accept a payment through paypal. That way, I can accept payments of credit cards as well. At times I think that the fees are a bit too steep, but I still make some money and get rid of things around the house that I’m not really in need of anymore.
Paypal has excellent security as well. After selling an item on ebay, the buyer claimed to have a paypal account and that they sent me an escrow account. I wouldn’t receive the money until I proved that the item was shipped. This didn’t quite sound right to me, so I contacted both paypal and ebay. Paypal responded to me immediately and let me know that this was a scam. While I was a bit nervous about my account being compromised, paypal was wonderful. I had no problems whatsoever with my paypal account since that day and they were incredibly helpful.
I’m not sure what I would do without my paypal account. The memories of mailing payments the old-fashioned way through the mail are growing more and more distant.
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