PayPal pros and cons…
By Matt McGee on Sep 20, 2006 in Web Design
A couple months ago I took part in a good discussion about PayPal on the Small Business Ideas forum, and one gentleman with experience in the credit card processing industry made several good posts showing both sides of the PayPal coin. I invited him to write a guest article about the pros and cons of PayPal for a small business, and agreed to post it here on SBS. He was excited about the idea … but never came through. (sigh)
So instead, I’ll point you to PayPal: The Good, The Bad and the Ugly by Rich Brooks of flyte new media. The article summarizes quite well what my experience has been in having a small portion of our small business clients want or need to use PayPal for payment processing.
[via Small Business CEO]
Technorati Tags: paypal, credit cards, merchant accounts, small business, e-commerce
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3 Comment(s)
By MrPenn on Sep 21, 2006 | Reply
I think your readers need to be aware that PayPal is not a bank. The writer sort of glazes over the rights you do or do not have with paypal.
If someone pays you via paypal and their acct is deemed fraudulent, PayPal can demand the money back leaving you..well…screwed.
By Matt McGee on Sep 21, 2006 | Reply
It’s a short article, and I think all the points are glazed over.
But you’re right to point it out, Paul. The writer does mention that there are some horror stories out there where PayPal is concerned and has the PayPalSucks.com link. Still, it’s the right solution for a lot of small businesses.
By MrPenn on Sep 21, 2006 | Reply
I agree hopefully someday but I do hope someday Google Checkout will be a real alternative to PayPal