The Trustworthiness of PayPal

PayPal is one of those websites that everyone talks about but no one really knows how to define. Simply put, PayPal is an online money management system that acts as a middleman between businesses and consumer bank accounts. If you want to make a purchase on the web or send money to someone, you will most likely look to PayPal to do that. I use this program to get paid from my online clients, and I have grown to trust it greatly over the years. If you have questions about the trustworthiness of PayPal, I plan to help you see the light in this article. Here are just a few of the many reasons you can trust PayPal with your money online.

Reputation

PayPal isn't anything new. It has been around for a long time now. The reason it has been around for so long is because it has proven its worth over the years. Millions of people around the world use PayPal to make payments, collect money, and order products online every single day. Take these stats into consideration, courtesy of TechCrunch.com:

• PayPal saw $3,650 in Total Payment Volume every second in the second quarter of 2011. That equates to $315.3 million in payments per day, and $115 billion per year.
• On average, PayPal sees over 5 million transactions a day.
• PayPal has over $10 million a day in mobile transactions alone.
• The company expected more than $3 billion in mobile TPV in 2011, compared to $750 million in 2010.
• PayPal’s Total Payment Volume in 2010 represented nearly 18 percent of global e-commerce.
• PayPal has over 350 million users (my husband and I are two of them).

If those statistics don't tell you something about the trustworthiness of PayPal, I don't know what will.

Fraud Prevention

If a bunch of weird transactions start showing up on your PayPal account, PayPal will actually contact you to make sure that someone hasn't stolen your identity. This is especially true for people who have a PayPal business debit card because the company will make sure that card-based transactions are accurate. I pay all of my bills with my PayPal card, and I have gotten several phone calls in the past just to make sure I am the one making all of those payments. It's nice to see a company care so much about fraud prevention, seeing that it is an increasingly growing problem on the internet.

Personal Experience

I realize that personal experience doesn't say much in the grand scheme of things, but I can tell you that I have been using PayPal for over three years now with no complaints. I work online, so my clients all pay me through PayPal. I can then use my PayPal card to instantly get my money, or I can transfer it to a bank account. I have transferred hundreds of thousands of dollars through PayPal throughout my career, and I have never had a problem with anything. Just take my word for it – this place is legit.

No Risk

Whether you're a project manager or a freelance writer, you could benefit from having a PayPal account. Setting up an account is absolutely free, and it is really easy to do. You will need to link a bank account or credit card to it in order to transfer money, but then you could do anything you want online without having to worry about getting your identity stolen. Trust PayPal to care for your money, and you will have no trouble making purchases on the web.