Paypal cons. PayPal payment system - what is it? If I want to buy an iPhone in an online store, but feel there is a catch, PayPal has my back

PayPal as a payment service is an integral part of online trading. Let us briefly tell you about the advantages and disadvantages of using PayPal.

PayPal benefits

New PayPal account interface

Payment via PayPal is a common payment method for online transactions, along with bank transfers from a debit or credit card. It is especially relevant when shopping abroad. eBay sellers are even required to offer PayPal as a required payment option. The reason for the widespread use of the service lies in the fast and uncomplicated payment process.

• PayPal is easy to use. To pay for your purchases online, you only need your email address and password. This allows you to log into your PayPal account and confirm your payment details.
• Transactions are completed very quickly. Once you have made the payment, PayPal immediately informs the seller and transfers the amount to him. And the seller can immediately send the order.
• PayPal does not share any bank account or credit card information with the recipient. The seller does not need this data, because the payment will appear in his PayPal account in the same way, and from there it can already be transferred to a bank account.
• A PayPal account can also be used to send money to friends, family, or anyone else. All you need is the recipient's email address. He must also be registered with PayPal in order to receive money from you.
• PayPal offers "Buyer Protection" as a security feature. If you didn't receive the product you ordered, or it arrived damaged and you can't resolve the issue directly with the seller, simply turn on Buyer Protection. PayPal will verify the purchase process itself. If your claims are true, you will get your money back.
• If you send a product back and have to pay the postage yourself, PayPal will refund that cost to you. You can make 12 returns per year, up to a maximum of 1,500 rubles each. To do this, you just need to activate the service once in your PayPal account.
• PayPal payments for purchases and transfers to friends are free if they are made in rubles in Russia. PayPal account maintenance is also free for both personal and business accounts.

Disadvantages of PayPal

Phishing email disguised as a notification from PayPal

• PayPal accounts are often abused by criminals. Fake emails can direct PayPal customers to fraudulent websites that ask them to reveal their personal information or enter their PayPal password. Therefore, always be careful if you receive such an email from PayPal and never click on the links. Access the PayPal page directly from your browser.
• Your PayPal transaction data is primarily stored on servers in the United States. When registering, you sign an agreement on unconditional consent to the transfer of your personal data abroad. Where - PayPal does not say. Therefore, it is unclear exactly where your data is located and what precautions are taken to protect it.
• PayPal shares data with third parties. This is necessary to process transactions or comply with the rules of other services. There is a chance that your data will be sent to other companies for credit checks, dispute resolution, and even for marketing purposes.
• Online sellers must pay PayPal tax on transfers received. If they refuse to do this, then for payments and transfers in foreign currency, PayPal will charge you a 4% fee on top of the wholesale exchange rate.

As you know, today, the global web is ready to offer many users an excellent chance to earn decent money, so, as statistics show, many do not want to miss this chance. But in order to start earning money, naturally, this process must be approached comprehensively and responsibly, and you definitely cannot do without a virtual electronic wallet, where the money will begin to flow.

Payment systemsPayPal. Features, advantages, disadvantages

Now you must understand that when earning money or making purchases online, in any case, you will need to use paypal transfer, because this is a necessity. Please note that the payment system is foreign, but this does not mean that it is unknown in our country, it is especially popular, which is important.

This is explained by the fact that it is really convenient to use, for example, to pay for purchases that are actively made by users via the Internet. It is important to add that such a payment system is ideal for that category of people who cannot live without traveling and vacationing, since with its help it is possible to make payments with great ease in the countries of America and Europe, respectively.

To create a PayPal wallet, you will need to go to the payment system website, and then register, making sure for yourself that there is nothing complicated about it. If the English version opens in front of you, then you need to click on the checkbox, selecting the Russian language, everything is easy and simple.

First of all, I would like to note that this system is reliable, easy to use, in addition, you can withdraw money to the card with great ease, you will also be pleased with the insignificant, small commission for transactions, which is especially pleasing.

As already mentioned, you can create a wallet without much difficulty, making sure that this system is really popular all over the world where there is the Internet. As for the shortcomings of the system, you should know that there are not many of them, but still, some people have found them, for example, users claim that money is withdrawn to the card only in national currency, in addition, there are regular complaints that the system has deceived users , or closed the account completely.

So, carefully study all the pros and cons of the PayPal payment system in order to make a smart, right decision.

The brainchild of Elon Musk, a partner of the largest trading platforms (eBay, Asos, Airbnb, Netflix, Spotify, Ozon.ru, Rambler.Kassa), a service used by more than 200 million people in more than 200 countries. Experts from this payment platform answered 8 important questions, explained what the main differences between the service are and why you can trust it.

If I want to buy an iPhone in an online store, but I feel there is a catch, will PayPal cover me?

The very presence of a PayPal button on an online store’s website is a certain indicator of the quality and integrity of the seller.

If you bought an iPhone through PayPal, but it turned out to be broken or counterfeit, the support team will try to resolve the conflict. When a buyer is dissatisfied with the quality of a product, he can contact the seller through a special form or write and even call him. If the seller does not cooperate, you can open a dispute within 180 calendar days from the date of payment. If the dispute cannot be resolved, you can convert the dispute into a claim. This can be done within 20 calendar days from the date the dispute was opened. As a result, if you prove that the seller deceived you, you can appeal the transaction and get your money back.

To earn money for a new iPhone, you will have to take on a part-time job. Can I receive money via PayPal as a freelancer and be sure I won't get scammed?

PayPal strives to minimize the financial risks of people selling their services through its Seller Protection Program. It applies to both tangible goods - that is, clothing, electronics, toys, auto parts - and intangible ones. If you earn extra money by writing texts, developing websites, or conducting online master classes, then the PayPal platform can become your assistant. Create an account and accept payment for your work through it. If disputes arise, evidence of the service you provided may be a sent letter with the completed order.

Is it difficult to withdraw money from PayPal and turn it into cash?

It's very simple. You just need to link your bank account to your PayPal account through your PayPal account. When withdrawing funds, the money will arrive in your account within 4-5 business days. The main thing is that the bank account is in rubles.

Is PayPal free to use? Then how does the company make money?

Individuals who shop online use PayPal for free. And the company’s main source of income is the commission it takes from stores for each online transaction, as well as the commission for personal transfers from a linked bank card, or when sending international personal payments.

What else can PayPal do?

Another convenient feature, One Touch, allows you to make purchases faster and avoid having to enter your PayPal information multiple times without sacrificing security. Today it is available on desktops, but is being more actively developed on mobile devices.

PayPal also offers a free return service. With its help, you can return the item to the seller and reimburse the cost of return shipping. It is valid for purchases worldwide when sending the goods by any delivery services, and return costs are covered up to 1,500 rubles.

Can hackers hack my PayPal account?

If PayPal specialists see unusual activity in your account, they may block the account until the circumstances are clarified. In this case, they usually contact the account owner directly and ask them to confirm the questionable transaction. The likelihood of fraudsters gaining access to your PayPal account is extremely low.

When it comes to phishing, PayPal advises users to follow standard internet security guidelines: when receiving an email, ensure that the sender is who they say they are, do not click on links in suspicious messages, never give your password to anyone, and report about suspicious cases at the address [email protected].

What safety rules should I follow?

Be wary of all emails you receive. Attackers will try to deceive you, but they are given away by details - addresses that differ from the originals by a couple of letters, grammatical errors, and the like. Be wary if the email contains an offer that sounds too good to be true.

In contact with

All areas and industries must have their own leader. It is he who demonstrates by his example the correctness of the chosen direction and the optimal combination of important advantages. Among operators of electronic payment systems, such a leader today is PayPal.

What is PayPal?

PayPal is an electronic payment system with which you can make purchases, pay bills, and accept transfers.
for any other currency on our website.

When was PayPal founded? Who is its owner?

The company of the same name was founded in 2000. To create it, it was necessary to merge two other companies - X.COM and Confinity. 24 employees of the newly formed company became the first clients of PayPal Inc. The convenience of electronic payments, the speed of transactions and loyal conditions for newly connected clients in just a few months allowed us to attract hundreds of thousands of new users to the system. And the start of servicing the already popular eBay auction predetermined the future success of the service. The record growth in popularity of this payment system led to the fact that already in 2002 the owner of PayPal Inc. became eBay.

Where does PayPal stand today?

Currently, PayPal is represented in more than two hundred countries, and the system itself has over 137 million registered users.

In which currencies can you make money transactions with PayPal?

PayPal offers payments in 26 types of national currencies. Among the most popular: euro and US dollar, pound sterling and Japanese yen, Canadian dollar, Swiss franc, shekels, Mexican and Philippine pesos, Hong Kong and Singapore dollars, Thai baht and Russian rubles.

What are the commissions in the system?

Commissions for countries of the former Soviet Union differ in amounts. When making internal PayPal dollar transfers from Ukraine, Belarus and Moldova, users are charged 3.4% plus 0.3 USD. In Russia, transfers in dollars, as well as other foreign currencies, are prohibited. The Russian commission for internal transfers is 3.9% plus 10 rubles. When transferring funds abroad, the commission ranges from 0.4 to 1.5% and depends on the specific country where the payment is sent. The operation of transferring funds abroad from a Russian bank card costs users an additional 3.4% plus 10 rubles. Receiving currency from abroad and sending it to other countries is allowed for users in all countries - Russia, Ukraine, Belarus and Moldova. Commissions are also provided for recipients. Thus, Russian sellers (recipients of payment) are forced to pay from 2.9 to 3.9% plus 10 rubles for each transaction. More detailed terms of commissions for recipients are described on the official PayPal website. For Ukrainian users, paying for purchases on the Internet remains free, and for sellers, from 2.4 to 3.4% plus 0.3 US dollars are withheld from each transaction. Payments by bank card in personal payments in Ukraine cost 3.4% plus 0.3 US dollars. In this case, commissions can be paid by both the recipient and the sender.

Who can use PayPal?

Anyone can become a client of the PayPal payment system. And you don’t need any special knowledge or documents for this. The registration process in the system is step by step as follows: - on the main page of the official PayPal website you need to go to the “Sign Up” form; - indicate your country of residence; - select “Personal” account type; - fill in all the fields provided; - confirm your consent by ticking the appropriate box; - enter the details of the personal credit card from which payments will be made (if you do not have one, you can skip this step); - follow the link that will be sent to the email you specified during registration; - confirm your credit card by following the appropriate link on the website (this step will charge 1.95 USD from your card). After this, a small amount will be credited to your card, and a four-digit number will be indicated in the additions to the transfer. You will need to enter it on PayPal.com. Please note that a test transfer from PayPal may not be made immediately, but over the next few days.

Are there any restrictions on PayPal?

Of course, a number of restrictions apply to all PayPal customers. But there are special conditions depending on the country. Thus, in Russia, the following restrictions have recently been applied to anonymous payments: - anonymous persons cannot withdraw money; - cannot make transfers totaling more than 40 thousand rubles monthly; - the amount of a one-time transfer should not exceed 15 thousand rubles. Users who have passed a simple identification check can make transactions worth up to 200 thousand rubles per month, and identified clients have the opportunity to withdraw up to 5 thousand US dollars from their account daily. Withdrawing funds from a PayPal account in Ukraine can be carried out not in cash, but by paying for goods and services around the world - at auctions, in online stores, to pay for communications, the Internet.

Does PayPal have any disadvantages?

Disadvantages of the PayPal system can be considered: - the possibility of blocking an account without explaining the reasons (of course, the blocking can be challenged, but this will take time); - the impossibility of converting currencies (for example, from rubles to dollars, from dollars to pounds sterling, and so on); - significant restrictions for users from the countries of the former USSR (however, this drawback rather relates to the legislation of these countries).

What are the benefits of PayPal?

We can talk about the huge number of advantages of the system based on its popularity in the world. PayPal users see the following points as the most important for themselves: - an excellent level of financial protection; - record prevalence - thanks to PayPal you can use your own electronic account in almost any country in the world; - high speed of operations; - simplicity and accessibility of the Russified interface, which any computer and Internet user can work with; - the ability to conduct transactions with the account using a mobile phone; - thorough verification of sellers as additional protection against fraud.

Add a comment

Konstantin

It is impossible to convert funds, but it is possible to transfer from a ruble wallet to a dollar wallet without commission, according to Paypal tariffs, that is, if you transfer 1 dollar from a ruble account to a dollar account, then rubles will be debited from you, and dollars will come in, and if you withdraw dollars to ruble card, they are automatically converted into rubles at the rate of your bank.

When a user chooses an electronic payment system, he wants to know in advance about the pitfalls. In this article, we have specifically collected the most useful reviews about PayPal for those who want to weigh the advantages and disadvantages of the system. This information will be more useful than advertising texts on the main pages. To give you your impression of PayPal, what it is and how to use it - reviews from real people, collected by us from several sites. We invite you to check it out!

Impressions from work: easy and fast!

I started using the service without delving into the intricacies, because I only made payments in online stores. Over time, I figured out the possibilities, fortunately the site pleased me with its accessible interface. I found the answer to many questions by studying the sections, and now I am actively making purchases.

Why did I switch to PayPal? Some stores did not accept webmoney, but I wanted to contact not only Greenmama, Ozon or Aliexpress. After registering, I then mastered Buyincoins; Initially, the money was withdrawn from the linked card, but later a decent cash back in the form of interest on purchases accumulated at your favorite store. To make the task easier, and soon made the payment! You can choose the appropriate currency, but I don’t always calculate the benefits - what’s more important is the ability to buy what you want.

Unreliable system

For those looking to use PayPal, reviews may seem like a guarantee of good work. I fell for the bait too, so I say: be careful! I often buy from UK eBay and lose money due to problems with the system.

Once I won an auction, but the price dropped too much and the seller did not send the goods. To get the funds back (this is called unclaimed money), I did everything as advised in the description. Nothing came, I sent a request, and in response they said to wait. I waited and waited, the amount was not returned, new requests were not answered.

A recent example: money was withdrawn 2 times for a purchased item. I wrote a request, indicated nicknames and transaction number, but there was no result. I started calling, Russian support did not answer, and in the end I spent money talking to Luxembourg, because the pleasure is paid. I can give several more cases, but there is only one conclusion: the service is bad. The advantages (speed and convenience) do not compensate for the unreliability and terrible service.

The only system that reimburses stolen funds!

I used the site for a long time to transfer money to my husband’s foreign account, but then I decided to pay for everything myself. I chose the product, gave the seller my email address, after which he asked for a phone number, supposedly for delivery. The next day, another $10 was withdrawn from the account, and a record appeared that I had made a donation. , not counting on a quick result, but in the evening I received an answer. The $10 was returned: the withdrawal turned out to be unauthorized.

I waited a week for the goods to be sent, tried to contact, there was no response. When I realized that I couldn’t see the goods, I applied again. They told me that they wrote a message to the seller and took control of the situation. Soon they decided in my favor, and everything was back on the card! I found a new product and am waiting for the parcel.

Buyer protection is a fiction!

Not without its shortcomings, after all. I use the services of different banks, so I am happy to share my experience:

• First you need to make sure that there are funds on the card. After registration, a small amount (less than 100 rubles) is withdrawn 2 times, which is later returned.
• You can link personal accounts, not correspondent accounts. Therefore, a credit card from Tinkoff Bank did not work, but a debit card did!
• PayPal does not cooperate with Pioneer and Kukuruza. I asked questions to Pioneer representatives, and they reported that there were no restrictions on their part. Later it turned out that the payment system refused to cooperate.
• I had mixed impressions from Russian Standard; after linking the card, the bank was very disappointing. Electronic payments went through, but when the seller for some reason returned the money, it was not credited to the card, but remained in the PayPal service. It wasn’t possible to spend it everywhere, and I decided not to work with Russian Standard.

It is important that immediately after binding there was a . I didn’t immediately figure out that it was unprofitable, but then I changed it to the option from the bank.

Bottom line: I’m happy with the services, but it takes a long time to understand the nuances.

Cooler than Webmoney

Recently I was offered a part-time job at toloka.yandex.com, where there is no withdrawal to Webmoney. I started to think about whether to open a wallet on Yandex.Money or get used to the mysterious PayPal. I read the reviews about Yandex and decided not to get involved! I started to understand PayPal, and it began...

They asked me to confirm my email address, install a mobile application, link a card, and provide personal information. My head was spinning, so many demands! Plus, from the reviews I learned that after registration, $2 is charged from the card. "Deceivers!" - I thought... and decided to check. But the money was not withdrawn, on the contrary, they were transferred! After 4 days, about 20 kopecks appeared on the account, and to confirm I entered the amount in 2 windows. After linking, I was able to perform transactions!

I started transferring to the card, because I had saved up 1000 rubles. With a trembling hand, I clicked on “Withdraw funds” and prepared to wait for a long time. But the money arrived not after 5 days, but after 3 days. And without interest, as in Webmoney, that is, there was no need to share what you earned. Result: the money is on the card, safe and sound, but I prefer to cash out large amounts.

Slow, tricky, constant blocking

Andrey, September 06, 2016

It seems that Paypal employees are trying to create an impression of well-being with their reviews. But for me this is the worst option!

I played online, upgraded my account and decided to sell. I was interested in a guy from the USA, he suggested. In the past, I opened an account and scanned documents were not required. That’s why I agreed, because I used to buy, sell, withdraw, and manage my own money.

After receipt, the dollars were automatically converted into rubles, and it was clearly unprofitable. While I was sorting it out, I was blocked until I could provide documents to confirm my identity. I sent the scans and went to bed, and in the morning I called support: I managed to get authorized, but I couldn’t use the money!

After a new conversation with a nice girl, it turned out that “the system doesn’t trust me,” and for possible unlocking you need to go through several procedures. Again scans of the passport, confirmation of location with registration, everything for the second round! Then the operator offered to make a purchase for verification and hung up. But there was no result, I had to call again. As a result, they said that unlocking the account could take about a month. They refused to switch to the boss, talked about nothing for 30 minutes, no result. It's the 5th day, no progress.

Convenient, easy and fast

As a user, I pay attention to the convenience of shopping on eBay or in foreign and domestic stores. The most difficult part was registration, but all I needed was to strictly follow the instructions and be patient. For some reason, my card was not displayed in the service for a long time, although $1 was withdrawn from it immediately (later returned). I was unhappy because I registered to make a purchase, for which I had to wait 4 days due to delays. But the rest turned out to be easy!

When purchasing on eBay after clicking Buy it now you will be asked to choose the option with a card (Visa, Mastercard, etc.) or make a payment via PayPal by entering your login and password. It is easy to make a transfer on other platforms, just do not forget to set the conversion, otherwise you will lose at an unfavorable rate.

The impressions were generally good, there were no difficulties. True, I did not return the money from the seller and did not resort to the “Buyer Protection” system; I hope that I will not need it in the future.

“Thanks to” this system I fell for 2 scams:

1. I ordered a camera from the USA, but instead the package contained a bag of sand. The open dispute was lost because the seller had confirmation of receipt of the goods.
2. The second case is even more offensive! I was waiting for an order from Italy, but the package was lost. The dispute was won, the amount was returned, I found the item I needed elsewhere and made a purchase. But then the first package was delivered to me, which suddenly turned up. The seller tracked it using the tracking number and asked me to return the product, which I did. After that, he filed a complaint, and the system reviewed the results of the closed dispute! I was charged the purchase price and sent to the seller, so I lost the money and was left without the goods sent.

Another unpleasant thing happened to a friend who uses PayPal. The account was hacked and goods worth $400 were purchased, which he found out about after receiving an SMS about the debit. The friend immediately blocked the card, but the stolen money was not returned. Why complex registration if there is no reliability anyway?

Despite all the contradictory reviews, they provide an opportunity to assess weaknesses and take measures to avoid unpleasant situations. Individual shortcomings can be corrected by carefully studying the rules, and the number of problems will be reduced to a minimum!