Chances are you’ve heard the word “PayPal” being used candidly, such as “Can I Paypal you?” or “Do you accept Paypal?”, and this is especially the case if you’re in a transaction-heavy industry such as trucking and transportation. In what has become a new frontier for finance and banking, Paypal has become ubiquitous thanks to the convenience and efficiency it provides to consumers and businesses alike. Everyone from those in corporations to everyday people are taking to PayPal to conduct their transactions, and in today’s blog, we’ll be taking an in-depth look at PayPal, including its pros and cons! If that sounds interesting, keep reading below for more information!
Paypal – Simple Yet Reliable
One of the oldest digital transaction services out there, PayPal has been the home of countless party-to-party transactions since its inception back in 1998. To this day, it remains the go-to platform for people across the world, and this is partly due to its excellent usability. PayPal is notably easy to use, even for those who consider themselves newcomers to digital transaction services, saving them a trip to the bank and/or using tangible items such as a paper check to make a transaction.
The Pros of Paypal:
Popularity: PayPal is the most widely used digital transaction service and boasts a massive population of users. This helps make transactions notably easier and more seamless than on other platforms.
Usability: Chances are, if you don’t already have a Paypal account, it will only take you a small amount of time to get oriented with it. From creating an account to completing transactions, PayPal has a user-friendly interface that countless people use with ease, day in and day out.
Reliability: PayPal can be accessed via your computer at home, or, conveniently on your smartphone using the PayPal app. This allows you to conduct transactions and access other features on the go, making things as convenient as ever for consumers!
The Cons of PayPal:
Phishing & Scams: Unfortunately, with new technology often comes new risks. One such risk is the existence of scammers and fraudsters, who have taken their malicious intent to the PayPal platform. Though it’s relatively easy to avoid fraud and scams, its also quite easy to fall into their traps.
Fees: Though this is not exclusive to PayPal, many digital transaction services will charge you a fee when completing a transaction. This can be somewhat annoying for consumers.
Choose AWA for Your Transportation Collection Needs!
AWA operates on a contingency fee basis, meaning, if we cannot collect, you owe us nothing. If you have unpaid freight invoices and are not sure what to do next, call 662-892-8591 to speak with one of AWA’s client specialists today or Place a Direct Claim Today! For more information on our agency practices and methods, view our AWA Collection Process.