Posted this Blog some time ago and I am sharing it here.
First let me say I am not endorsing PayPal, however I do use it and after almost ten years have found it to be beneficial to both to students in my classes and myself. Recently, a number of home-based bakers in my last class asked what method was best for collecting payment from customers?
My recommendation is always whenever possible get paid up front and use a reliable, safe payment method if collecting by credit card.
Here are my thoughts about PayPal. There was a time many, many years ago when I was not the biggest fan of PayPal (no bad experiences just didn’t get it, like most consumers new to online sales) however today I use it for online class payments and most of the products/books I sell online.
PayPal send funds directly to a seller from a verified bank account or from a credit card. The key advantages include:
* Immediate and convenient
* Your payment is deposited directly into the seller’s account
* You can pay directly from the product/service listing page
* There is absolutely No requirement that you use your credit card (you can transfer money directly from your bank account)
* Sellers don’t see your credit card number (it is safely encrypted through PayPal’s server), which limits the risk of unauthorized use.
* Automatic payment tracking
* PayPal Buyer Protection offered on qualifying items – up to $1,000 in free coverage
* Additional limited protection offered through PayPal’s Money Back Guarantee
* Allows for a degree of anonymity
* PayPal is available in 190 markets and 18 currencies around the world PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages
to learn more.
I would not be fair if I did not tell you there are other payment methods availabe and you will want to shop around for what works best for you and your business.
PayPal Alternatives: Top 5 PayPal Alternatives