From time immemorial, people have carried out transactions; whether by exchange of goods and services (trade by barter) or direct payment for the commodity. Also, at various junctions in history, there have been evidences of advancement in the way these transactions and payments have occurred. However, one thing that remained unchanged is the fact that the subject of trust always accompanied the exchange of money.
In this age of the Internet, where fraud has become the rule and not the exception, PayPal provides the solution, especially for entrepreneurs and business owners.
PayPal was founded in California way back in 1998, and was bought by eBay just four years later, after the eCommerce giant recognized its enormous financial potential. The trust and safety in performing transactions using PayPal excels beyond comparison. Whether you own a small business or franchise, PayPal guarantees your security when you need to send or receive money, make a payment online, or set up a merchant account.
PayPal is the single most used e-Wallet in the world. Judged as the worst business idea back when it was founded in 1998 – the era of checks – PayPal has proved all those critics wrong. Along with Payoneer, PayPal is the top choice for digital entrepreneurs. Whether it is a freelance writer, a coder or any agency, everyone depends on PayPal to receive and send payments. What is it about PayPal that makes it a successful company?
16Best.net has created an awesome Infographic on PayPal success story.
PayPal Success Story Infographic
Here are key reasons why PayPal is best for you.
PayPal is the world’s most popular payment system with over 220 million users
This means that you have access to over 220 million active users, covering 202 countries worldwide. Companies like Amazon, Home Depot and even World Market offer their customers the option to conduct payments via PayPal, for added security and convenience. Given that it is the third most preferred payment system for customers worldwide, and the second safest payment system in the US, after Credit cards, the importance of the e-wallet service to your business becomes impossible to overestimate.
PayPal is used by many industries
Industries including shopping, business, vehicle, technology, travel, entertainment, and health rely heavily on PayPal for most of their payments. Imagine the number of payments that go on daily in those industries and what immense benefits you stand to gain as an entrepreneur that’s on the PayPal system. Your business dealings with such organizations, especially in the finance terrain, just begin to happen “at the snap of a finger”.
PayPal for your business-to-business, business-to-customer, and customer-to-business transaction not only provides you with fast, safe transactions, but also showcases your reliability to your business partners. Companies such as AJB’s Software, Google, Alibaba, Visa, Mastercard, and Citi are partners of PayPal, further demonstrating its reliability.
The growth of your business as an entrepreneur is your primary goal, and PayPal provides you with a solution for the critical aspect of your business – finance.
Millions of people are opting for PayPal, and for more than just one reason! In addition to enabling one-click money transactions and ensuring safety when you send your money from one spot on the Earth to another, PayPal comes with thousands of other benefits.