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Tuesday, January 30, 2018

Exploring PayPal and its Dramatic Rise to Success

If you are looking for a reliable online payment option, you are certainly not out of option because there are no shortage of online payment platforms seeking for attention. Nonetheless though, among this pool, none can get even close to the top spot which is occupied by PayPal. Created in the late 90s, this online payment option had its fair share of ups and downs, but today it is the most popular payment system on the internet.




With over 203 million active users currently, people all over the world use PayPal for varying purpose, such as transfer of money, payment of goods and services, transacting invoicing and more. You can find out about the success story of this financial giant by visiting Play N Pay. The Play n Pay page is filled with facts and interesting information that show how PayPal made its way to the top of the online payment world. 

Before you head over the Pay N Pay, here is a summary of the global reach of PayPal which serves as it's Dramatic rise to success. 

PayPal can be used in 202 countries around the world and allows customers to withdraw funds in 56 different currencies and receive money in more than 100!

Although PayPal is in the top spot, it still has a fair share of competitors. Authorize.net, Klarna, Square and Amazon Payments are following closely in PayPal’s footprints, but PayPal is doing all they can to hold their position. That is why, they consistently bring out new services and improve their current features such as the PayPal app and the PayPal reward system.

No wonder than that presently, PayPal experiences a 10% growth per year. The growth percentage is huge compared to that of other payment systems who enjoy only a 3% growth.
18% of all e-commerce is processed through PayPal, a number that is on the rise. This is helped by the fact that customers feel safer using PayPal rather than having to give away all their card information to an unknown recipient. 

Another benefit that PayPal possesses is the fact that PayPal is free. There are no annual membership fees, and the customers can benefit from getting all the advantages that come with using the system, without having to pay anything themselves.
Additionally, the system sponsors discounts for PayPal customers at selected retailers, a perk many consumers are quick to snap up. This, partnered with its flexibility and ease of use, are more than enough reasons for many people to use PayPal as their primary online payment system.



Karthik Reddy
Karthik Reddy, Community Manager at playnpay.co.uk, is the author of India’s Number 1 travel blog. Boasting an MBA in computer science, he once decided to get away from the office desk life and take a breathtaking journey around the world. He is eager to use the power of the global network to inspire others. A passionate traveller and photography enthusiast, he aspires to share his experiences and help people see the world through his lens.
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