4 of 11

Write now Article Tools

Page 2 of 2

on the type of account you have and what type of transaction you are doing. The fees are minimal compared to the cost of an ATM machine and other banks fees that go along with it, but they do exist.

Easy Movement of Funds between Accounts

Pros- Connecting your Paypal account with your regular bank account makes working between the two very easy. You can move funds from one to the other very easily so your money is where it needs to be.

Cons- You first have to verify your regular bank account before you can transfer any funds to it. This can be tricky at times. The other drawback is that when transferring money from your bank account to Paypal and vice-versa, it can take several days for the transfer to complete. This leaves your money hanging in limbo and you will not be able to use it for anything during that time.

Customer Service

Pros- The customer service through Paypal is excellent. It has gotten better with age as they improve the way they handle different situations. You won't have to wait long to get a customer service representative. They work well with you to resolve the problem as quickly as possible. They will even offer you help if the problem turns out not to be on their end.

Cons- It can take some time to find the phone number to customer service on the website. The website can be very difficult to navigate. Finding the number is what will take more time than anything about their customer service.

All in all, Paypal is a very secure site that allows an easier way to make and receive payments. The decision as to whether or not to get an account depends on how much you shop online or if you do a lot of business online. If you do, it is probably a wise decision to get an account set up today.

Learn more about this author, Dawn Hawkins.
Click here to send this author comments or questions.

• << previous page
• 1
• 2

Add your voice

Know something about Pros and cons of PayPal?
We want to hear your view. Write now!