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Paypal is a "banking" site that makes the ease of online shopping much easier. It is also a great way for online business' to accept payments. There are many pros and cons that come along with your account. After reading about them, you can decide for yourself if you would like to obtain a relationship with this website.

Easy Online Shopping

Pros- Paypal makes it easy for you to shop online. You never have to put your credit card number in on a site as long as they accept Paypal. Once click of the button and you will automatically pay for any purchases you choose to make.

Cons- You need to keep a close eye on your account. It can sometimes be frozen by Paypal for different reasons. This generally happens if you purchase something that does not appear to be normal activity for you. Paypal freezes the account in case someone other than you has tried to access it. This can be especially embarrassing when you are using the debit or credit card in a "real" store.

Debit/Credit Card

Pros- These cards allow you to use your Paypal account anywhere that accepts Mastercard. You have access to you money at all times and have no need to move your money to other bank accounts in order to use it. The debit card also has a "money-back" program that allows you to get a set percentage of money that you spend if you use it as a credit card instead of a debit.

Cons- You must be a member for a certain amount of time before you are able to obtain a debit card. That means that any money that you have coming to you Paypal account is tied up unless you move it to your regular bank account which can take days. You can, however use the money immediately if you are shopping online at a site that accepts Paypal.

Money Market

Pros- Signing up for the Premier account allows you to be part of a money market account that pays a certain percentage of interest on the money you have in the account. The percentage varies but you will add a little extra money to your account once a month if you sign up for it.

Cons- You have to keep you money in the account in order to accumulate it at the end of the month. It is only calculated once a month.

Receiving Payments

Pros- It is easy to receive payments from your customers when they purchase an item from you online. They simply need your email address to do this and it shows up instantly. It also allows family and friends to send you money which can come in handy in an emergency situation.

Cons- There are fees involved in many of these instances. It varies depending

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