There is no doubt of the technological revolution that has triggered the massive use of Internet, even can affirm that it has changed the buying habits of millions of people around the world. Due to this high-tech boom is increasingly common to use on-line banking services, to the extent that have arisen virtual banks without physical branches that allow you to conduct transactions anywhere in the world via the network. One of these companies that emerged to meet the needs of consumers and merchants is PayPal. This company allows users to the realization of payments instantly. People who are dedicated to making transactions on the Internet, for example on e-Bay, typically found in Paypal a convenient way to perform commercial activities. It is therefore usual that increasingly are more electronic stores that accept PayPal as another way more than I pay more.
The online payment system is extremely simple: when the user wants to pay, simply enter an e-mail account and the seller collects the amount. PayPal then withdraws the money from the account of the user and is transferred to the seller, if the money in the Paypal account does not cover the total amount, Paypal charge the difference to the associated credit card. So far it seems that there are only advantages, but they exist as little 7 fundamental reasons why it is not advisable to use Paypal: 1 – Paypal not a Bank, it is a private company that provides financial services and is not backed by any banking system, if Paypal bankruptcy you lose your money. 2 – According to the conditions of service of Paypal, to become a user you give up the rights of reimbursement for fraudulent use or not authorized your credit card. 3. Lack of legal, being an American company coverage, any contentious to reach legal means shall be settled in the United States, presenting the less difficulties for foreign users can defend its rights by legal means.