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Who uses it? Aren't debit cards and online bank transfers more common there?
by ogogmad 5y ago
Who uses it? Aren't debit cards and online bank transfers more common there?
- xyzzy123 5y agoYou can always punch in your digits but Paypal have some great merchant integrations on a wide variety of ecommerce platforms (including ebay...). They're worth studying to this day if you're a startup in the "ecosystem" space. Everyone hates them but the stickiness is real.
- spiralx 5y agoIt made it easy to pay for things from sites that didn't support debit cards and other European-only payment methods. And while bank transfers have been free for years, doing so online or on your phone hasn't necessarily been easy - or even possible - if you're talking about a few years back.
- dcminter 5y agoPaypal is often the method with the lowest barrier to entry for making payments online. One clicks the paypal button and then approves the transaction, done. Versus (often) needing to enter all card details, billing address, delivery address, and so on. It's often a good choice for making informal payments between friends because you just need the paypal address - versus, for example, sort code, account number, and bank name. You might also need the bank address and to pay a fee for an international transfer. Depending on the country you're in various other payment services may be available and/or common. For example I see services like Klarna's eating into this a bit, but they're certainly not ubiquitous. I don't really follow how Paypal have managed to avoid becoming a bank in the US given that they offer what is, to my eye, clearly a suite of banking services!