PayPal Payments - great tool for new businesses
May 22, 2021

PayPal Payments - great tool for new businesses

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with PayPal Payments

PayPal Payments was being used as my sole invoicing solution in my business for a while. It was great because it gave me the freedom to send professional invoices to clients without having to spend money on an invoicing platform when I wasn't at the point to be able to yet.
  • User friendly
  • Professional appearance
  • Flexibility
  • Very basic platform
  • Not a lot of data easily visible
  • Limit on the amount of clients that you can have in the platform
  • Professional appearance
  • Affordability
  • Easy to use
  • Eventually had to upgrade because I reached my limit
  • Gave me a leg up when looking professional to a new client
PayPal Payments is probably the lowest-grade product compared to Wave Accounting and HoneyBook. It is very basic where Wave gives you more detailed reports about your income/expenses, the ability to track your expenses, personalize your account more, and other features. The difference that made me upgrade from Wave (free like PayPal Payments) to HoneyBook is the ability to include contracts with my invoices, keep track of separate projects, keep contact information in a CRM database, use a scheduling tool for people to book appointments (and link into my website), and more. HoneyBook has far more features but it is also not a free tool so you are paying for the luxury of the other tools. You can get a lot of the tools free in a variety of platforms with limits on each but when you get to a good point in your business, it's great to spend a little extra so you can afford to have everything in one spot making life a lot easier.

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PayPal Payments is great for new businesses who aren't in a spot to add extra expenses to their daily routine. If you want a professional appearance without cost, PayPal Payments is a great way to do so. It gives you that upper hand as well when it comes to tax time so you can have all of the information from signed clients in one spot rather than mixed into your regular use of your Venmo.