4. Open and trustworthy
This is another reason why I prefer using PayPal. They give you a breakdown of the amount that you have transacted within a week, month, or year. You can also enter your custom dates for the period that you want to see its transactions.
They will also show you the transaction fees that have been used within the given period. They offer Buyer Protection to ensure you are protected all the time when doing your transaction making them trustworthy.
5. Great exchange rates
As I compared the exchange rate of the PayPal payment system to other platforms, I found that they offer great exchange rates. That means you will have your money intact if you are receiving it outside the United States.
If your transactions are not involving currency exchanges, it is completely free to transact on PayPal. Assuming that you are sending money in USD to your friends who are using the same currency, PayPal will not charge you anything.
However, they include some fees for multi-currency transactions. Nevertheless, even the fees that they charge are usually low mostly 1% of the amount you are withdrawing to your bank which is very considerate.