Jan

PayPal

Rating: 10
Where to buy: http://www.paypal.com

Description: PayPal is a safe and secure online way to send, receive and withdraw money all over the world.

Review: When I first started offering services to my Stampin’ Up! cusotmers by offering classes to go, I was thrilled and jumped right on it. What a fun adventure. Then I thought okay that’s great but how would I get that money so I did some research and found PayPal.

In reviewing PayPal I found it was easy to understand and simple to set up. I didn’t feel the least bit unsure about starting my account.

Next I began to wonder how I was going to be able to get my money. With the invoicing it was simple. I could just send a payment request to her and she could pay me for my time by sending it right to PayPal. I could also easily add a button to a website.

Ok that was good but how in the world would I ever be able to get my money out? That was easy too. They have several options. I choose to have it sent directly to my bank account. They also have a debit card and a credit card program.

Not only could I receive and send money but I could pay for items and services through them. You can even pay for your eBay purchases. It just kept getting better and better.

My biggest concern though was the safety. What if other people could access my account or access the PayPal site and get to my money. No need to be concerned. PayPal is one of the safest money sites on the Internet. Everything you or anyone else does to your account is monitored. If something happens or something changes you are notified by PayPal through email immediately.

They also have a referral plan. With over 100,000 customers worldwide that’s an incentive all in it’s own. You can’t beat it.

Criticism: This really isn’t a criticism because I know they are in the business to make money just like all the rest of us. They do charge a fee of 3% per payment to your account. They also charge for some of the ways to request your money. It can also be difficult to correct any problems with the security you may have. It is set up to be difficult but if you’re waiting to be able to get to your money it can be a little frustrating. Lastly, I have run into is PayPal cancelling subscription when any information on the account chnages.

Categories : Product Review

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http://www.craftyperson.com Debbie McNeill

Penny, I do recommend using PayPal Business account. I ran on PayPal for the first year of my business and it worked great. With my industry I find that about 50% of my customers still use PayPal even after I offered payments through 1SC. PayPal does offer a credit card option without being a PayPal member so it’s a great place to start.

Per transaction, you do pay more – especially if you have recurring transactions. My average sale is $20 so the cost of PayPal recurring over a merchant account is $.30 per transaction to give you an estimate.

It was only when I had over 200 transactions a month that I decided to make the switch to offer credit cards. Of course I wanted to offer what my customers wanted.

Let me know if you have any questions, I’m happy to help.

~Debbie
http://www.stampwithpenny.com Penny Peterson

Hi Debbie. I’m not sure when you wrote this article…I was browsing your website as you are one of my favs. So do you recommend using PayPal to receive money? I am thinking this would be the easiest way for my customers to pay for classes and I do use it to pay for things but haven’t used it to receive money.