What are the benefits of Paypal? Why should I use Paypal to pay?

In general, PayPal has a relatively large advantage in cross-border trade. As a foreign trade payment method, it is currently highly sought after by hundreds of millions of users in international trade payment services. It is one of the most popular electronic payment methods for merchants and consumers around the world. In cross-border transactions, more than 90% of sellers and more than 85% of buyers recognize and use PayPal's electronic payment services. Of course, the amazing size of PayPal's international business is certainly not without reason.

There are many benefits to using PayPal as a foreign trade payment method, mainly the following:

1. PayPal's business network is all over the world. Currently, PayPal's huge network covers more than 200 countries around the world, provides services in more than 20 languages, and accepts more than 100 currencies for payment and 56 currencies for withdrawal. At the same time, it also allows 25 currencies to be held in the account. In other words, as long as the payer has a PayPal account, he has the ability to make electronic payments in more than 200 countries and enjoy a variety of convenient services in his native language when he needs services.

2. PayPal payment is a highly secure foreign trade payment method in international trade. It has established a multi-security system including strict account information review, and has rich anti-fraud experience, controlling the fraud loss rate to 0.30-0.31% of the payment transaction amount, the lowest level in the industry. At the same time, PayPal strictly keeps the user's relevant information confidential and does not share it with any marketing company. Users do not have to worry about their information being leaked. When using PayPal payment, the rights and interests of users will be fully protected.

3. PayPal has a unique protection policy for payers. First, when using PayPal to pay, the payer does not need to pay any handling fee, but PayPal will charge this fee to the payee. The standard handling fee is 4.4% + 0.3 US dollars. Secondly, within 180 days after payment, the buyer can file a dispute against the seller's product for "not receiving the item" and "the item does not match the description". As long as the conditions are met, PayPal will provide full compensation to the consumer.

The deduction of account mentioned in the top praise is caused by PayPal's payer protection policy. It should be emphasized that this policy is not only for Chinese customers. No matter which country the payee or payee is from, as long as the payee initiates a refund application, the funds will be frozen. Due to strict review and long cycle, the period for unfreezing is also extended.

4. PayPal's payment information review is very strict, mainly to prevent some criminals from taking advantage of international trade loopholes to launder money. When the account involves attributes such as companies and organizations, users will be required to upload detailed information such as tax forms and addresses, which also means that the higher the level of the account, the stricter the review.

I think the more stringent the review, the more at ease users can be. Although the review process is a bit troublesome, it can relatively reduce the occurrence of illegal activities. Waiting until the incident occurs before investigating is more likely to be a case of closing the fold after the horse has bolted.

5. PayPal payment is the preferred foreign trade payment method in many cross-border trades, with 16.5 million transactions completed every day. It is the most trusted mobile payment partner, mainly because PayPal payment supports multiple currencies and can be exchanged instantly, the funds arrive quickly, and payment and collection are very convenient.

6. PayPal's payment protection policy can make buyers feel more assured about payment. In other words, PayPal can provide payers with sufficient convenience and protection of their rights and interests. Any feedback, suggestions and complaints will be taken seriously by PayPal. Sellers with too high a complaint rate on PayPal may have their accounts permanently closed. By using PayPal to pay, buyers can be said to have almost no worries.

Finally, let’s summarize:

Some sellers believe that PayPal payment is biased towards buyers, but this is not true. PayPal payment has a very complete security system and will not target sellers for no reason or directly harm the interests of sellers. Even if the account is restricted or frozen, users can submit relevant materials to apply for account recovery, but they also need to pass multiple reviews. The strict review mechanism does not harm the interests of users. On the contrary, from a larger perspective, this foreign trade payment method is not only a way to protect the rights and interests of users, but also to a certain extent prevents online fraud and other behaviors that disrupt social order. Using PayPal to pay is safe, reliable and assured.