A true revolution in our way of paying, online payment such as E-Complish for example, and today by mobile, is becoming part of our daily lives. The main players in this development are indeed world-renowned companies like PayPal. Therefore, what interests and financial risks could users be confronted by using these intermediary payment services?
- The Digitization Of Payment Platforms And Their Advantages.
Fast and secure payment. Convenient to pay for any purchase securely, easy to use, equipped with ergonomic features, and bringing together a variety of offers in banking management, payment platforms have singularly swung everyday life into the digital age. In addition to replacing checkbooks, online payment platforms are much less complicated and faster than a bank transfer while respecting their secrecy.
Several million users around the world advocate the use of such intermediaries, particularly for transaction security issues. Online platform players thus trust their mobile bank and appreciate the various means of security put in place so as not to fear fraud by the intermediary. The application often offers classic money transfer services, such as a receipt, payment, or reimbursement. Therefore, for each transaction and operation, the account is updated in real-time: valid in France and abroad, on working days, weekends, and public holidays. Learn about PCI SSC Moves Full Steam Ahead With Mobile Payments Standard here.
Diversification Of Offers
Some praise affordable prices, free operations abroad, quality customer service, attractive cash-back, and an ergonomic mobile application. Some payment platforms are also developing ancillary activities against the most competitive neo-banks on the market. For example, we find other updates and new features, such as Trading, in addition to any banking service. It is also possible to buy with your Lydia card, replacing our classic blue card.
Some services now base their offer on international services or very competitive prices. Others allow you to send, receive and spend money around the world. In addition, no superfluous or expensive transaction is necessary to guarantee the transfer’s security and theoretical speed.
However, this diversified panorama would be nothing in this case without the pioneering impulses of Paypal from 1998. Now available worldwide, the platform offers to link your PayPal account directly to your credit card or bank account. This intermediary, now recognized, quite simply allows you to carry out online transactions without having to share your bank details. Thus, even if Paypal initially holds the bank details of its users, they are not communicated to third parties receiving the money (thanks to conventional encryption).
Customers who are victims of abuses of such platforms can invoke a breach of banking law as well as a breach of their Code of Conduct. Indeed, although they must inform, they also must prevent and anticipate the closure of the user’s account