Paypal is fast becoming one of my favorite vendors. They’re trying to stay ahead of the game with Google fresh on their heels and keep the bulk of highly profitable online payment market.

And they’re doing a good job!

More and more I find myself using their services. Here’s why:

• They’re good for online invoicing of customers. Their online invoicing tool lets my customers pay bills with their credit card (a must for most) and makes a paper invoice unnecessary. As an added bonus, the credit card processing fee is competitive and the turnaround on customer payments is generally only a day or so.
• They’ve integrated efficiently with the post office if you have to ship a hundred or so packages.
• They offer a debit card like my bank.
• Their newest tool allows me to randomly generate credit card numbers good for a short period of time which not only cuts down on fraud, but can also keep unscrupulous merchants (Bally’s total fitness – I’m looking at you) from billing me month after month.
• Any accountant would be thrilled with the automated reports and Quickbooks compatibility.
• And to top it all off, my balance is currently earning 5% through their money market program.

Not to sound too much like a shill for Paypal, I’m just very impressed! Definitely blog worthy.

This entry was posted on Thursday, January 25th, 2007 at 6:49 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.