You may have noticed that many sellers list PayPal as the only payment option they accept they simply cant be bothered cashing cheques and money orders, never mind any of the other strange ways some people want to pay. Like all things in life, though, PayPal has its advantages and disadvantages. Lets take a look at what PayPal can do for you, and what it cant.
The Disadvantages.
PayPal is very vulnerable to fraud, and its you as the seller wholl be paying the price when it happens. Whats more, they do take a percentage from every transaction that you could be keeping if your buyers were paying by cheque.
You might also have noticed that PayPal come from the eBay school of customer service, enjoying such pastimes as hiding their phone number and only ever sending out automated responses to emailed queries. PayPal has an unusual number of campaigners against it, most of them people whove had their accounts frozen and had to chase PayPal for months for thousands of dollars. Some of these people recently filed a class action lawsuit against PayPal, claiming damages for lost business and they won. This alone should make you cautious about using...