How has your experience of using Paypal in your startup been?
I would like to use Paypal for accepting payment in my tiny single-man startup. Would you recommend paypal? I would like to hear experiences, thanks.
1. It is widely used 2. Fairly easy to integrate (variety of integration options) 3. Buyers trust it
The bad: 1. PayPal has a long reputation of randomly placing holds on accounts for no obvious reason 2. Support is horrible and talking to a live representative that can actually help you is near impossible 3. If a hold/reserve is placed on your account you risk having necessary operating funds tied up for days, weeks, months, and even a year.
Overall, while PayPal is good for somethings, I would recommend going with a more "seller friendly" implementation like Stripe or Braintree. Both are easy to integrate and customer service is far superior (and yes I know Braintree is owned by PayPal).