Paypal is a digital payment platform that has millions of account holders perform digital transactions. Individual and business customers can use the digital platform to send and receive money for their business. Payment systems became famous among people worldwide. PayPal is an online payment system. It established by Max Levchin in 1998. It is an electronic payment processing company. The headquarters is located in San Jose and provides services to people around the world. It allows people to send, receive money to many countries. Using this payment system, people can shop for millions of stores. It is useful for individuals and business people.
Table of Contents
Advantages of the Paypal payment system
Account creation is a simple process. Account opened for individual and business accounts. Account for individual and business accounts for receiving, sending amounts for business created. The user account is very safe because of two-step authentication. A mobile number is necessary for account creation. Verify Code sent to the user mobile number while PayPal sign in. Users can withdraw the amount from the PayPal account by using the following steps.
- Go to the wallet option in the user’s account.
- Link the bank account that the user wants to send the money to that account.
- International transactions in credit/debit cards to withdraw the amount from the account.
It is convenient for the amount of transactions. It is having many more functions than skrill, Payoneer and available for all users. It is more secure than other payment systems.
Digital transactions security and refund policy of paypal
The fund Payment is available for online, offline, and mobile payments. The user details encrypt with new technologies. Connectivity of the PayPal account secured with TLS. Cards linked with the PayPal account are protected so, the transactions are safe. Data regarding the Digital transaction is safe. Support for the user account is available for people anytime. Phishing, Spoofing protected by new technologies. Identity theft prevented using security precautions like a two-step authentication process.
After the money is sent to the bank account, the amount adds in 5 days. You can add another bank account to the account if you wish. Money withdrawal by the user using the options available on the website. The users can initiate the refund for up to 180 days. If there is any pending payment in the Paypal account, use the cancel payment option. And if the payments are unclaimed for 30 days, it is canceled. Also, PayPal disabled the manual withdrawal in India Because of the various issue, But Still, PayPal doesn’t release an official statement about this issue.
Offers and discounts available for the users
Account users provided with many offers and discounts on visiting the shopping page of the payment provider. Promo codes are distributed to the users by the company to the account. All the services by the company are free for the users. Sending and receiving money through this system is easy and available with more currencies. The mobile app is available for users to transact money for the user’s purpose. Cards can be linked to the account and used for international transactions. Paypal is available for mobile through Android and iOS apps. Support for the users available through social media pages and pages in the portal.