B250 – LESSON 4 REFLECTION

This week was interesting to learn about online credit card payments.

Some of the benefits to PayPal are:

Faster than a check

Online payments with PayPal’s Mass Payment are instant. Never again do you have to say “the check is in the mail.”

Flexibility for recipients

Recipients of your payments can electronically transfer their money to a checking account, send money to friends, or shop online.

Simple record-keeping

Minimize your accounting paperwork with a downloadable transaction history. Reconcile exceptions easily by automatically returning unclaimed funds.

Competitive pricing

A low fee of of the payment amount with a cap of (or its equivalent in the payment currency) is assessed on each payment made with Mass Payment.

I have always had different thoughts about PayPal. I have also heard things that were good and bad. Of course one thing that I always consider is the start up cost. I noticed that PayPal is not the cheapest option but it does have its perks. I have decided to use PayPal however because I don’t really want to hassel with other companies.

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