<\/span><\/h2>\n\n\n\nEverything is having advantages and disadvantages so as PayPal has. Here are some of PayPal’s pros and cons that need to keep in mind:<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n\nPayPal is easy to use and delivers money to your loved ones, including friends and family.<\/li>\n\n\n\n PayPal gives you an extra layer of protection and fraud prevention. If you purchase anything online while using PayPal, that ends up being fraudulent. So, PayPal will help you and get your money back<\/li>\n\n\n\n No fees are required in PayPal for sending money to friends and family.<\/li>\n\n\n\n PayPal encodes your bank or credit card information while keeping it safe.<\/li>\n<\/ul>\n\n\n\nCons<\/strong><\/p>\n\n\n\n\nYou will be charged only if you are sending money via PayPal as part of a business transaction.<\/li>\n\n\n\n If you want instant access to your money, PayPal also charges a 1% fee. Otherwise, a free bank transfer takes several days.<\/li>\n\n\n\n PayPal has a reputation for being very aggressive with account freezes. And if they decide to freeze your account, they hold your money unless you prove that you have done nothing wrong.<\/li>\n<\/ul>\n\n\n\n<\/span>Top 7 PayPal Alternatives<\/strong><\/span><\/h2>\n\n\n\nWe might suggest a few alternatives if you find PayPal too complicated or crowded according to your taste. We have selected these payment processing solutions based on pricing, security, reputation, etc.<\/p>\n\n\n\n
<\/span>1. Square <\/span><\/h3>\n\n\n\n <\/figure>\n\n\n\n\nAn all-rounder toolkit for online and offline payment processing.<\/li>\n\n\n\n Transaction fees start at 2.65%, plus 10 cents for card payments with no hidden fees or required contracts.<\/li>\n\n\n\n The hardware offered includes magstripe Square readers for $10, readers for contactless and chip card processing at $49, and POS systems for $799.<\/li>\n\n\n\n Virtual terminals authorize order processing or appointment booking via phone.<\/li>\n\n\n\n Support website and social media transactions.<\/li>\n\n\n\n Unlike PayPal, Square provides free customer relationship (CRM) software and marketing automation tools.<\/li>\n\n\n\n Gathers customers\u2019 data that including their purchase interests, history, and feedback, and composes it into customer profiles.<\/li>\n\n\n\n Through these profiles, companies can tap into Square\u2019s marketing automation capabilities in order to create and send personalized e-mail and text marketing campaigns that promote loyalty and repeat sales.<\/li>\n<\/ul>\n\n\n\n<\/span>2. Payment Depot <\/span><\/h3>\n\n\n\n <\/figure>\n\n\n\n\nUnlike PayPal, Payment Depot offers a no-frill payment processing option for businesses looking to process large volumes of sales starting.<\/li>\n\n\n\n plans start at $59 per month.<\/li>\n\n\n\n provides a variety of payment processing hardware, such as POS systems, mobile readers, smart readers\u2015with inventory management, loyalty program, and reporting capabilities\u2015and standard terminals.<\/li>\n\n\n\n virtual terminals permit you to process online credit or debit card payments.<\/li>\n\n\n\n Payment Depot simply charges a monthly fee, then allows you only to pay wholesale interchange rates.<\/li>\n<\/ul>\n\n\n\n<\/span>3. Helcim <\/span><\/h3>\n\n\n\n