How PayPal controls the payments world: benefits for small business

John Murphy

Community Relations

 


It’s hard to imagine a time before the wondrous creation that is the internet but once upon a time we didn’t have it. The internet has revolutionized and helped to shape the world we live in today, and most would agree that it is definitely for the better.

PayPal

How PayPal controls the payments world – benefits for small businesses. Source: shutterstock.com

The web has helped to streamline numerous everyday processes, including purchasing items online. Thanks to the web, and smart technology now, we can now sit back, relax, and do our shopping from the comfort of our own homes, all whilst barely lifting a finger.

When the time comes to pay for your items, you’ll likely have noticed that you almost certainly have the option to pay via PayPal. PayPal has controlled the online payments world for many years now, and from a business perspective, it can be a great asset to your company. But why?

Well, that’s what we’re going to look at right now, as we take a look at the business benefits of PayPal.

Customers enjoy advanced security

Customers enjoy advanced security. Source: shutterstock.com

As awesome as online shopping is, there are also plenty of risks associated with it. In the early days of the web, before online security became as advanced as it is now, a lot of people found themselves the victims of cyber fraud.

PayPal payment gateways underwent strict overhauling and invested more money than most people can imagine into making it one of the most secure payment gateways online.

Because PayPal is so secure, this gives customers peace of mind, so if paying via PayPal is an option, most will jump at the chance.

Online casinos and other industries have benefited hugely

Another reason why PayPal is so beneficial is that it has been proven to be effective in certain industries.

Online casinos like Betfree deal with enormous amounts of cash and customers are depositing and withdrawing funds every day.

These customers are entering sensitive personal and banking details and they need to know that their details are safe.

PayPal is one of the most secure payment gateways on the web, and as a result, many online casinos and betting sites are embracing it and reaping the rewards.

Simplicity

When you go to pay for items online, do you want to have to enter endless paragraphs of info, and navigate throughs walls and walls of text to pay, or do you want to checkout and pay as easily as possible?

Of course, we want a quick and easy option, which is why PayPal is so useful. It is user-friendly, easy to navigate, and checking out and paying for items can be done with just a few clicks.

Brand awareness

Finally, the last reason why PayPal are doing so well and are now so dominant is that they have strong brand awareness and recognition, and a stellar reputation.

People see the PayPal brand logo and instantly see that the site they are using is legit.

PayPal helps businesses to establish a strong and professional reputation.

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