Why PayPal is the Safest and Most Beneficial Merchant Solution
When PayPal first came on the market, it was the sort of idea that made people say, “Huh, now why didn’t I think of that idea?” It really is a simple concept – setting up a merchant account to accept credit cards can be somewhat difficult for people to do. It takes time an effort and costs quite a bit of money. However, with PayPal, all that was changed. Anyone could take credit cards through PayPal and anyone could send money through the service as well. It really is the safest and most beneficial merchant solution out there, however there is a lot more under the hood than you may imagine at first Buy Cashapp verified Account:
o Merchant protection. PayPal was designed from the ground up to provide both the merchant (that’s probably you, as the seller of stuff on eBay) and the customer (the person you sold something to) with complete protection. In order to make sure that you will get paid, PayPal takes the money from the customer and deposits it into your account. You can then do what you want with it – spend it on something else on eBay, transfer it to your bank account, leave it there and earn interest or use it through a debit card. As long as you have proof of shipping and you send it to a verified location (PayPal has rules on how they do this), they will protect you in case of a charge back (that means when someone isn’t happy and complains to their credit card company). Ultimately, if PayPal loses the fight and you followed their rules, you will still get paid and PayPal will take the loss for you. That kind of guarantee isn’t always the case when you have a merchant credit card account.
o Buyer Protection. By the same token, PayPal also provides protection to your buyers so they can feel confident buying from you. If you sold something which was not as described or never arrives, PayPal will take it back even if you won’t and they will attempt to collect the money from you for it (for example, I once bought a chess set which turned out to have deep scratches on the board – PayPal had me ship it to them since the merchant refused to take it back. I assume they attempted to then recover the money from the merchant once they verified what I had told them). This is good for you as a seller because it means your buyers aren’t going to be worried that you will disappear with their money.
o Debit Card and interest on your money. PayPal isn’t a bank so your money doesn’t get protected by the same services that banks offer, however they keep your money in a money market account which gives you both interest and a debit card which gets 1% cash back. There’s no charge for maintaining the account or the card either – something that is increasingly rare with ordinary credit cards.
o Online shipping: PayPal also offers the ability to ship whatever it is that you sold using their online shipping service. Unlike paid services such as Stamps.com, PayPal offers their service free of charge for sellers.