Technology has assisted the financial sector across the globe in making transactions seamless and faster. However, it is safe to say it has its concerns.
Since the first introduction of online money transfer across borders in 1872, the world has come a long way. Today, it is difficult to put a figure to the number of payment methods available globally.
The accessibility and eligibility of the different platforms vary from country to country – and sometimes status. As a result, some payment methods are considered a better option to others depending on the country in question.
In relation to Finland, PayPal has been rated by far the best payment method to transfer funds from Finland to any other part of the world.
Since the transition from the Finnish Markka to the Euro in 2002, online funds transfer in Finland experienced a major boost as Finns were able to carry out transactions using a globally recognized currency.
Interestingly, after the official announcement that Finland will transition from the Markka to the Euro, it took a period of three years before the new currency was in effect. Within the three years, the Euro only existed as ‘book money'.
Many financial analysts insist that the transition period boosted the online funds' transfer demand in the country as Finns had to depend on platforms such as PayPal to make international payments.
Why PayPal is the Best Payment Method from Finland
One reason why PayPal became widely accepted as the payment method of choice was because of zero charges on local payments policy and low charges on international transactions. There is also the case of a very competitive EUR-USD exchange rate (the current rate for PayPal is 1 EUR = 1.1723141USD).
The total cost of your international payments with PayPal in comparison with the total cost if you wanted to use another option for the very same transaction is very minimal.
Apart from the low transactional fees, the level of convenience in making international payments via PayPal and the efficiency experienced through the immediate transfer credit notifications is second to none.
Another reason why PayPal remains the best payment method from Finland to any other part of the world is that it is the fastest and most secure way to pay online.
It also allows you to make payments for goods and services at millions of online outlets across the globe—all without the hassle of converting currency.
Therefore, it is very easy to have firm control of how much in terms of the value you are paying for a particular item or service, regardless of the country you are making that payment to.
PayPal also possesses an unbeatable feature in its free sign up and download policy. What this means is that users do not have to pay a fee to download the PayPal app to receive and send money to other PayPal users.
In what has become one of its most attractive features, in addition to one-time purchases, PayPal is also the faster, simpler way to make recurring payments to all your monthly bills and subscriptions.
Is It Secure to Use PayPal Payment Method in Finland?
To answer this question in the shortest possible way – YES! Whether you are paying bills or you are sending money or making a purchase, PayPal keeps all your financial information encrypted and secure.
According to the company and as affirmed by top technology experts, PayPal does not store the financial details of users or recipients, and even when there is a need to, it is stored as a one-time machine encrypted code that cannot be decrypted.
PayPal and the Rise of Casinos in Finland
Finns are also known as lucky gamblers; there are a lot of PayPal online casinos in Finland. All over the world, Finns are also known as lucky gamblers. There is even a famous quote that a team with a Finn in it always wins.
Within the last decade, there has been a rise in Casinos and other gambling operations in Finland and this is largely due to the fact that many of these Casinos now accept PayPal as a medium for staking bets and withdrawing winnings.
There are a lot of PayPal online casinos in Finland, and the list continues to increase.
Other Benefits of PayPal Payment Method
PayPal boasts of the fastest end-to-end payment method in the world today. Through its ‘checkout’ option, you do not need to go through the hustle of entering all your financial information when making payment for a good or service.
Despite operating on a free Sign-Up policy, PayPal allows users to make payments for goods and services using their wallet balance or directly from their linked bank accounts, at no extra cost – isn’t that exceptional?