Why Do Most Websites Support Only Paypal for Online Transactions?
There are several electronic and email-based online transaction systems worldwide, such as Paypal, MoneyBooker, Alert Pay, and others. However, a common observation is that most websites tend to support only Paypal for online transactions. In this article, we will explore the reasons behind this phenomenon.
Reasons for the Prevalence of Paypal
- Cost-effectiveness: Paypal’s fees are significantly lower compared to using a credit card broker. This affordability translates to more revenue for websites, making it an attractive choice for businesses.
- User-friendly API: Paypal offers an easy-to-use and well-supported API (Application Programming Interface). This means that website developers can seamlessly integrate Paypal’s services into their platforms, enhancing the user experience and simplifying the transaction process.