PayPal works by allowing users to connect their bank account to their PayPal account. This allows anyone in Madagascar who has a bank account to start transacting with PayPal.
Once a user has connected their bank account to their PayPal, it's then possible to transfer funds to another user's PayPal account or make payments to businesses and merchants who accept it. A user can also attach a credit or debit card to their PayPal account to further facilitate payments.
PayPal is considered the safest and most convenient way to make a payment online. It makes payments and transactions faster and more secure, by allowing customers to have their payment processed immediately and securely.
Unlike with other payment methods, PayPal allows customers to keep their credit and debit card details hidden from the sellers. This gives them greater security and peace of mind.
PayPal also offers great flexibility in payments and can be used for a variety of goods and services, making it a popular payment method in Madagascar for many customers.
One of the main disadvantages of using PayPal is its currency conversion fees, which can be very high when transacting with foreign merchants. The cost of these fees depend on the exchange rate and the amount and type of transaction being made.
PayPal also has certain buying and selling restrictions in place that must be adhered to. Additionally, the customer service can often be slow to respond, which can be quite frustrating.
PayPal is a secure and reliable payment method in Madagascar and offers customers great flexibility in making payments. However, it's important to be aware of the fees and restrictions associated with it before using, to avoid any unpleasant surprises.