Is PayPal A Really Safe Payment Processor After All?

[Baker]

It's true that there have been some cases of phishing and frozen funds with PayPal, but this is relatively rare when you consider the millions of transactions that happen every day. PayPal has also implemented many security features to help protect users from fraud and phishing. These include two-factor authentication, account monitoring, and more. So, while there is always some risk when using any payment system, PayPal is generally considered a safe option.

 

[Heatman]

Yup I think that PayPal is one of the safest out there it's user friendly and customer support is very good but the fees are very high for me regardless of that I use PayPal a lot

PayPal currently have monopoly when it comes to payment processor and it's the reason why they are behaving like no one is in their level when it comes to services being rendered by payment processor.

It's very obvious because most people will prefer to make use of PayPal rather than any other payment processor.

 

[Nomad]

PayPal currently have monopoly when it comes to payment processor and it's the reason why they are behaving like no one is in their level when it comes to services being rendered by payment processor.

It's very obvious because most people will prefer to make use of PayPal rather than any other payment processor.

I do not think paypal has a monopoly, there are a lot of payment providers in the market, but the main issue here is employers, sellers, buyers, customers are not using them. People continue to use paypal because they are used to it, they just don't want to experiment with other payment providers.