Archive for March, 2014

Diversity of collaboration

We want our payment processor to be universal and as flexible as possible. We even might want to issue our clients an invoice and send some money to our relatives at the same time from the very same account. Payment processors: PayPal and 2CheckOut – cover different aspects of our needs.

First of all, PayPal provides an opportunity to issue an invoice for any service or a product since a description is filled by a seller. One may agree this is a very convenient option especially for a fresh startup or for those who have not set up their billing system yet.

Another option a user could find useful is a chance to send money in two different ways. An individual may play a role of a client and pay money for services or goods meanwhile a transaction fee would be paid by a seller.

However, these are not all opportunities of collaboration PayPal can provide. “Send money to friends or family” checkbox makes available financial help for those in need. In this case a transaction fee would be paid by a sender in accordance with the source of a transaction (PayPal balance or bank card).

In this regard, a number of advantages and disadvantages of the system are to be faced. Among advantages flexibility of roles should be accounted, one may agree that a chance to be a sender and a buyer within one account is valued. At the same time deciding who is going to pay a transaction fee can also be an advantage. Whereas the main disadvantage is that all operations are possible for PayPal users only.

Looking at 2CheckOut makes one understand that it fills a different sphere of fiscal relations. The only way to collaborate through 2CheckOut is to issue an invoice for services or goods. In addition, a transaction fee is always paid by a receiving side. Owing to the mentioned conditions popularity among ordinary users would decrease. Read the rest of this entry »