Many people use PayPal for their electronic transactions, be it payments or accepting payments. However, while PayPal is popular and has been around for years, it may not be the best option. PayPal has a downside that few know about. In this article, you will learn about alternatives to PayPal – namely eMerchantBroker – and why the switch would be beneficial for yourself and your business.
PayPal is a great resource for many, as it is quick and simple to use. Its format is user-friendly, even for those who are not tech savvy. However, they like to make poor decisions in the name of security, such as holding your money under review for no reason, draining your checking account when you report fraud, putting 20% of your money in a rolling reserve account without asking, and much more. These can financially kill a small business overnight, and frustrate customers caught in the middle.