PayPal

Its PayPal consumer protection provides me a peace of mind. I don't have to think twice before making any payment to anyone. I know that if there is anything wrong with the merchant to whom I have made the payment, my payment is safe and PayPal will refund if the product is not delivered or wrong product delivered. Also, after registering my credit card once, I just need to remember my PayPal credentials and don't need to enter any of my card details on any merchant website. This drastically reduces the chances of any kind of data theft of my card. Also, PayPal has advanced algorithms to identify weird trends and stop payments. With the mobile app, it is pretty easy to send and receive payments on the go as well.

It does not have a 24 hour local support available. Also, when at times internal checks to stop transactions are applied for legit transactions as well and the support is not available, there is no way to send payments. The mobile app does not have all the features and is impossible to search on Google Play Store. The only way to get the app is to get the link from the PayPal website. Also, no address book or contact list feature is there where you can quickly store frequently used PayPal ids for payments

Use it for business or personal use. The best part is sending money to family and friends is absolutely free. PayPal does not take a commission in that. If you don't have to make hundreds of foreign currency transactions every day, PayPal is the cheapest and most convenient option. Also, sending invoices is so easy with PayPal. For merchants who cannot afford a payment gateway, PayPal is a boon and they can start accepting the credit card payments through their website in no time. PayPal is safe, secure and reliable. Use it for your local and foreign payments.