Disadvantages of Paypal payment system
Posted on November 27, 2007 by Contributing Author
PayPal is a the most popular online payment system today. However, even this service has its own share of serious drawbacks. It’s really unfortunate that PayPal does not allow free payments from credit cards to people who don’t have paid premium accounts. It makes people to upgrade to a new level even though it is only for accepting just one payment.
Another time I accepted payment from a person from Canada. The payment was in Canadian dollars and PayPal “conveniently” set unfavorable exchange rate. Common, that’s ridiculous! PayPal also does not honor bank accounts from some countries even though buyer trust seller. I’m sure this problem occurs quite regularly on eBay. It’s understandable that online you can never be sure but still Paypal fraud protection procedures are a bit too excessive.
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