PayPal is one of the most popular online payment systems in the world. Mainly, PayPal is considered to be the main online payment tool for western countries. If we look at Russia or some Asian countries, we will discover that PayPal is not so commonly used in these regions. Such online payment systems as Yandex Money, Qiwi, Web Money are more popular in Russia. Today, PayPal is the safest online payment system on the Internet. Their system is truly complicated, and of course, it is fully automated. With those millions of users, manual monitoring of the system would be absolutely impossible. PayPal has millions of fans, and at the same time, there are a lot of different communities and groups that hate PayPal. Most of these haters lost some of their money by the fault or assistance of PayPal. There are even special websites where people write their complaints regarding PP. Anyway, everything great will always have fans and haters. No matter how awesome is Amazon, there will be always someone who will hate this online store. I always buy loads of different products on eBay, but at the same time, there are thousands of people who will definitely try to discourage me from using this international online store. I have been shopping on eBay for a long and, I still have not had any problems with this good online store. eBay and Amazon are very good. On the other hand, this is my personal opinion. There are a lot of people who will disagree with my statements. We see the same situation when we start talking about PayPal. There is always someone who loves PayPal, and of course, there are numerous people who hate this online payment system. Do you love Donald Trump? To be honest, your answer is truly unpredictable. There are millions of Americans who love him, and of course, there is a huge amount of people who finds him disgusting. Thus, everything in this world is very relative. From one person to another, different concepts differ much.
I have been using this online payment service for a long period of time. Therefore, I know about its advantages and disadvantages. Let me clarify that my experience of dealing with PayPal was not always smooth. Sometimes, I had severe PayPal problems that made me truly nervous. I remember that state of mind I had while facing technical problems with PayPal. I can self-assuredly tell you that PayPal might be the best online payment system in the world for shopping. If you buy something online, PayPal may be the best option to use in order to make online transactions. When I analyze PP from the point of a seller or a businessman, who receives money from his customers to his PayPal account, I realize that this payment processor has a lot of disadvantages. In some cases, dealing with this online payments service will put you in front of very serious risks. Right now, I am not using any online payment services to receive payment from customers. In fact, I do not have any customers at the moment. However, if I had some, I would never use this company’s services to receive money from my clients. Here are some of the main disadvantages of this financial company.
1) YOU MAY GET YOUR PAYPAL ACCOUNT ACCESS LIMITED
This is one of the common problems PP users have. As I have previously mentioned, PayPal has too many users. For this reason, they are unable to manually monitor everything happening in their online payment system. PayPal is fully automated. It works according to specific algorithms. These algorithms were developed to prevent fraud, money laundering, and other illegal activities. Therefore, as soon as some of your activities look suspicious for the automated system, your account access may get limited. In this case, you won’t be able to access your account. Sometimes, you might access your account; however, you won’t be able to use it. With a limited account access, you won’t be able to receive or send your funds. Neither you will be able to withdraw your money from this payment service.
I had this problem in my personal experience. There are many reasons why PP may limit your account access. Let me tell you my story. Usually, I use different proxies while surfing on the Web. This is just one of my habits. Sometimes, using a good proxy speeds up your Internet connection, and web pages start loading faster. My favorite proxy is Google Zen Mate. Currently, it is the best proxy that exists on the Internet. First of all, it is very convenient and user-friendly. I have Zen Mate extension on my Google Chrome browser. It is always switched on. Thus, I can automatically change my locations. Mainly, I use Google Chrome. But sometimes, I use Opera. That time, both of my browsers were open. Without being attentive, firstly, I accessed my account through Opera without a proxy being switched on. Then, I accessed my PayPal account by using Google Chrome with Zen Mate being turned on. Thus, at the same time, I accessed my account from different IP addresses. After some minutes, I received the famous message from PayPal stating that my account access is limited. I was required to provide all the documents that prove my identity. To be more accurate, PayPal asked for my passport scan and credit, SSN, and credit card statement. The same day, I provided all the required scans, and my account access was recovered.
Keep in mind that your account access may be limited if you try to access it from a foreign country. If you are a businessman, who travels very frequently, this means that sometimes you may get your account access limited during your journeys. This is not the best thing that can to you while traveling. As I said, its automated system is managed by a robot. It does not care about your exact case. If something looks suspicious for the system, you will definitely get your access limited. In this case, you will need to contact the customer support and try to explain your problem. This is the only way you can get your account recovered. If you use a fake name on your account, you can make your further prediction on your own. When you are required to provide your passport scan, you won’t be able to do that. Thus, your PayPal account access will remain to be limited.
2) YOU MAY GET YOUR PAYPAL ACCOUNT ENTIRELY BLOCKED
Being blocked and limited are different things. When your account access is limited, you can easily recover it if you use your real credentials. Usually, account access limitations are caused by unserious factors such as trying to access you account from foreign countries, proxies, different IP addresses, and others. Thus, account access limitations are usually connected with technical issues. Therefore, you should not think that being blocked and limited are the same thing.
When your PayPal account is blocked, you won’t be able to access it. This problem is caused by serious factors. Mainly, blocks are carried out manually. If your financial activities look suspicious to some of the PayPal team members, you may get your account blocked. When you receive or send huge volumes of money, you will have a big risk to get your account blocked. When you are blocked, your PayPal fund might be frozen for 180 days. This term is specified in PayPal’s policy. When you open an account on PayPal, you automatically agree to its terms and policies. If your account is blocked, all of your funds will be held until your problem is resolved. In this situation, PayPal will request more documents. They will ask you about your income sources. They may ask you some legal documents proving that you are a real owner of particular enterprises. They might ask you about the people whom you send the money. This process may last for a long time. To be honest, I have never got my PayPal access blocked because I was never involved in serious money transactions.
As I said, PayPal is the best online payment for online shopping. On the other hand, I cannot say the same thing about this company when it comes to making business. When all of your financial transactions are carried out through this payment system, your account will never be secured from being blocked. I heard stories when people got thousands of dollars frozen by this online payments processor. This is definitely one of the biggest disadvantages of this company.
3) INABILITY TO RECEIVE FUNDS
There are two ways you can use in order to receive money from PayPal. In the first situation, a person simply types your email and sends the money. In the second case, you create an invoice, and then, request some money from your client or a buyer. You can use the first way to receive money from PayPal even if you have not linked any bank accounts to your account. If you use the second option, you will not be able to accept the money unless you link a bank account to your account. Once, I created an invoice, and then, sent it to my buyer. The buyer sent me the payment. However, I was not able to receive it because I have not linked any bank account to my PayPal account. The money was held during 30 days, and then, it was returned back to my buyer.
Actually, you won’t be able to use all features of PayPal if you do not link a bank account. As I said, sometimes, you cannot receive payment without linking a bank account. And of course, you will never be able to directly withdraw your money from PayPal without linking a bank account.
4) INABILITY TO SEND FUNDS
Sometimes, PayPal users are not able to send funds via PayPal. Usually, this problem occurs with new PayPal accounts. After your PayPal account is enough old, it is very probable that you will not have this problem. However, if your account is less than 3 months old, you won’t be able to fully use all of PayPal’s functions. New PayPal accounts are very likely to get technical errors. This is another disadvantage of this company.
Nothing is perfect in this world. Everything has its disadvantages and negative sides. I will not exclude PayPal from my statement. PayPal is a very good online payment system for shopping. It is very secure and trustworthy. At the same time, PayPal is not free of some negative sides and disadvantages. Despite all of them, I will continue using PayPal to make online purchases.