PayPal Invoicing

Vorteile

PayPal's invoicing offering is exceptionally easy to use and learn. I transitioned from another product to PayPal invoicing and was impressed with the robust features, customizable options and overall performance of the application.

Nachteile

There are some limitations around payment options and allowing multiple payments on a single invoice. You can make a deposit, but no features or functionality around milestone payments for example, which would be really nice.

Vorteile

Allows us to quickly monetize new offerings and new product variations
Many different charging and payment options available
Attractive fee structure
Easy to setup and manage
Appropriate for b2b transactions where aesthetics are less significant.

Nachteile

Somewhat Limited Customization - to create a buying experience that doesn't feel you're "inside" of paypal is not trivial (and now is easier to do with other offerings).
While the Paypal api has improved recently, it's still not as flexible as stripe, aws fps or aws devpay.

Vorteile

Creating invoices for services is made more convenient for them by sending Paypal invoices. I generally email clients a detailed accounting of time spent and services rendered, then follow with the simple Paypal invoice. They're happy with the job,. They see and understand the specifics of their bill. They can easily pay with credit card immediately. I generally get paid faster and most clients prefer the fast and easy way to settle their bill. I also get reminded by Paypal when an invoice has not been paid, so I can follow up with the client to see if there's an issue with the invoice, or to arrange an agreed payment schedule if they are unable to pay in full.

Nachteile

Some clients think they need to have a Paypal account that has been funded by transfer of money before they are able to pay through Paypal. It is sometimes necessary to instruct them on how to use the "pay with credit card" option. Would be nice if Paypal made this clearer on the payment interface.

Vorteile

PayPal is easy to understand, easy for everyone to use and learn in almost no time. What I like about it the most is that it's pretty smooth and fast. I used it for both business and individual purposes and I liked the ease of the process, regardless of what I did. I haven't found any issues with receiving money or transferring money from PayPal to my card. I used the invoicing tool to request payment and it went very smooth and fast. I've also used it to send money, and I haven't found issues with it. However, there might be a few things to be mentioned when we talk about room for improvement.

Nachteile

Charge-backs are definitely a thing to mention when we talk about the cons of PayPal. PayPal isn't the greatest choice for certain types of business (drop-shipping is an example). Also, taxes are ridiculous and not easy to understand. At some point, PayPal would be awesome for your business at a certain size, but if your business got bigger, you'd definitely need another option that'd be more cost-friendly, even if not as reliable as PayPal.

Vorteile

I like the PayPal invoicing because it can be totally customized for your business, including all the contact information, physical address, and an image for your logo. Making your invoices completely branded for your business. The software is easy to use, creating and sending an invoice happens all on the same page. You can even choose to NOT send your invoice and print it instead, which is great for customers who may change their mind and decide to pay outside of the PayPal platform.

Nachteile

The invoicing feature has come a long way since our first use of it in 2016. Since then there have been many changes that make the invoicing feature more customizable and fits more needs than just an invoice.