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[Ben Kempton]

We all know that PayPal is a kind of payment system which is being used by almost each and every business and company in many countries like United States, Canada, Australia, United Kingdom, and in many other kinds of countries. PayPal is one of the best and secure payment systems because it offers buyer and seller protection. However, I was thinking if it would be wise to use Escrow payment system for your business because I have read that it is much better than PayPal when it comes to certain aspects. When it comes to using Escrow, the payments are released only when both the seller and the buyer comes to final terms and when both of them are finally satisfied with the deal. So, what are your thoughts?

 

[Yohanna]

First off, PayPal isn't acceptable in my country and as such, I wouldn't accept PayPal in my business. I would rather go for an escrow service because it is more secure and safe . Ultimately, majority of people love escrow services.

 

[Sammydan]

Do you know any escrow website? I am only used to using the escrow on social media only. I don't even know whether there are some companies that render such a service to humanity.

Yes, there is an escrow website that specialised in offering escrow services to people. Those escrow you see on social media are only copying the model of escrow dot com. If you're doing transaction with internation customers or client, there's a high chance they won't accept those social media escrow. But the escrow website is accepted by all.

 

[Gamer01]

Yes you should always use an escrow there are people who call themselves big people but they can easily scam you if you dont take the escrow seriously and trust them which you shouldnt do anyway indeed actually .

 

[Sammydan]

Using the escrow system is very good for receiving online payments. I have heard stories of clients who take take the work you have done for them then refuse to pay, that is so scary and disappointing.

Escrow can be used for any payment system including PayPal. That makes it so secure because it is only released once you reach an agreement. So you can always use with any payment processor you choose.

Escrow is different from paypal. While paypal is a payment platforms, escrow is not. Escrow is agency that act as an intermediary between a seller and buyer or between a client and freelancer. When there's a trust issue between people online, then escrow will be used to avoid any issue. Escrow can pay you into your paypal account.

 

[Gamer01]

Yes you are right many services pay you out into your paypal account you can never trust anyone financially dealing with him especially the medium of online transactions mode which is easily reversable indeed .

 

[btaliat]

To get more customers to our business, we should only adopt the common and popular way of making payment. Many people may not want to associate themselves with a payment platform that they don't really trust.

 

[John316]

In my experience, Escrow is far better than PayPal. Too many issues can arise with chargebacks on PayPal that aren't the seller's fault. With Escrow, no money changes hands until both parties confirm the terms are met. This gives peace of mind. Escrow services also tend to have live customer support, unlike PayPal's limited options. For anything other than simple personal transactions, I'd always opt for Escrow over PayPal.

 

[Bolajimi]

Yes that's right and mostly escrow companies that use bitcoin payments and also provide bitcoin payments to the end users are much better options for users not wanting to have any charge backs , So working with such companies is a good idea actually that can be implemented easily and have easier payments in fiat or PayPal at the business end for the provider

I actually like escrow companies but it should be the ones that are trustworthy. I would have loved PayPal but the truth is that it is not available in my country and I would not want to risk it by opening an account which may later get suspended

 

[itkelvinagain]

Which payment method is better for your business depends on your specific needs. If you are selling high-value items or services, or if you want to protect yourself from fraud, escrow may be a better option. If you are looking for a convenient and easy-to-use payment processor, PayPal may be a better option.

 

[EBUBEJAH]

We all know that PayPal is a kind of payment system which is being used by almost each and every business and company in many countries like United States, Canada, Australia, United Kingdom, and in many other kinds of countries. PayPal is one of the best and secure payment systems because it offers buyer and seller protection. However, I was thinking if it would be wise to use Escrow payment system for your business because I have read that it is much better than PayPal when it comes to certain aspects. When it comes to using Escrow, the payments are released only when both the seller and the buyer comes to final terms and when both of them are finally satisfied with the deal. So, what are your thoughts?

The both platforms are actually great, I personally would prefer using an escrow, PayPal is very great, no doubt, but sometimes they tend to frustrate some transactions, after you must have heavily relied on them, it could be very heartbreaking and frustrating.

 

[Japhnet]

It depends on your scale of business. Escrow may be required to prevent scam and to give assurance to the client mostly by small scale businesses. PayPal may be good if you have a root and a reliable customer base.

 

[Wisdom01]

I think the escrow business is actually one business many are indulging into , they have made couple of money off the business , the business is actually growing and it's good to see such happening

 

[IB DD]

I think it depends on the kind of transactions. For simple transactions that don't have many conditions required for it's completion, a PayPal account is just okay. But for transactions that require many conditions for the transactions to be completed, an escrow would be more suitable.

 

[btaliat]

People always feel comfortable with the method that they are familiar with. Whenener we want to have a business transaction, we should make sure that we consider the preference of our business partner.

 

[Teegold]

I have not used escrow that much so I don't have much personal experience about it. But what I do know is that it is very safe to use as escrow personally see to the successful completion of transactions before releasing the money.

 

[freelancermariagrace]

PayPal is a well-liked option for processing payments online since it has a number of advantages for businesses. Businesses of all sizes can utilize PayPal since it is simple to set up and use. PayPal offers Seller Protection, which, provided the seller complies with their rules, can assist in protecting businesses against fraudulent chargebacks and unlawful transactions. It also interfaces with a number of e-commerce websites and online shopping carts.

 

[Themask]

We all know that PayPal is a kind of payment system which is being used by almost each and every business and company in many countries like United States, Canada, Australia, United Kingdom, and in many other kinds of countries. PayPal is one of the best and secure payment systems because it offers buyer and seller protection. However, I was thinking if it would be wise to use Escrow payment system for your business because I have read that it is much better than PayPal when it comes to certain aspects. When it comes to using Escrow, the payments are released only when both the seller and the buyer comes to final terms and when both of them are finally satisfied with the deal. So, what are your thoughts?

Escrow is better for business, it's safe to use which reduces risk of getting scammed, I've made use of the p2p on Binance several times their escrow service allows users to agree on a certain amount and when the buyer pays and seller confirms then he/she can release asset it's safe and easy to use.

 

[EBUBEJAH]

Well the two can be still good but personally I will choose escrow because both parties will be safe.
Safe in the case that before any body can cash out both parties must have been satisfied with the transaction.

Like in the case PayPal they usually have transaction limitations in some countries and the don't give full access to business owners in my country.
I will rather prefer escrow to PayPal

Hmmm, you actually have a very valid point here though, I would obviously go for escrow, but a very trusted and reliable one, hey, because this is finance we are talking about here, reason being that, PayPal doesn't allow every nation to make use of their services, even if you successfully register with them, you can be kicked out at any given time.

 

[Deyiang]

Hmmm, you actually have a very valid point here though, I would obviously go for escrow, but a very trusted and reliable one, hey, because this is finance we are talking about here, reason being that, PayPal doesn't allow every nation to make use of their services, even if you successfully register with them, you can be kicked out at any given time.

Yes you are absolutely right PayPal don't accept all the countries.
That is why people in such region find it difficult to transact business with PayPal.
That is why most people feel so comfortable using escrow

 

[Deyiang]

They are both good for online business. Paypal is popular payment system that's accepted by many platforms as one of their payment options. Escrow, on the other hand, is mostly used when buyer and the sell have trust issue. Once the buyer and seller are having difficulty in trading, escrow will be called to receive both the product to be sell and money to be paid. After the buyer has buy the product, the escrow will release the money to the seller.

that is a nice submission each payment process is still good but in terms of paypal since they don't allow other countries to us e their platform people from that region will always find it difficult to use the platform