234 votesranter commented
want paypal even though it also sucks. Maybe Apple will "finally" enter the payments racket at some point and finally somewhat 'fix' the universally shitty real world POS experience (go ahead explain to me why every single physical payment terminal is different and doesn't even work properly, clearly designed/slapped together checklist style by people who actively hate end users and simply don't care that they are producing inelegant overcomplicated broken crap... sorry I digress that is another rant entirely) but until then, online at least, paypal is one of the only half decent choices with scale available for general use.
I don't want to set up yet another credit card attached account somewhere with yet another unknown entity that I simply won't take the time to research.
I find it increasing hard to believe any but a small handful of consumer facing tech corporations that operate at scale will manage to get all the security and privacy considerations of payment processing, personal and credit card info right -- you can count these companies on one hand and they all have the deep pockets and several tens to hundreds of millions of active verified accounts, furthermore their asses are on the line (this combined with deep pockets means something in the real world), and they at least appear to have the technical knowhow, will, and resources to do it right -- protecting from both external and internal attacks with defense in depth and constantly being vigilant to keep it that way.
Banks and credit card companies, in theory at least, are good at protecting themselves but in doing so they universally suck and are totally incompetent and anti-customer oriented when it comes to customer facing technology and remotely reasonable fees/terms.
Seriously there are very few companies in the world who can actually hope to operate securely at scale and no small business should be handling its own payment processing or holding customer data they don't need - they have no hope of doing it right as it is a full time job, instead the only security a little guy can offer (since they can't realistically hope to disrupt the existing banking and payment industries to innovate anything better from the ground up) is obscurity and being somewhat less likely to be a target of competent thieves, scammers, and data whores (er I mean Google)
granted Paypal is very likely a shit experience for the seller with high fees and annoying terms, but I and millions of other people already have an active and somewhat trusted account with them and they are a well known quantity from my perspective, plus they have managed to stay in the business for more than a decade and haven't managed to screw me over yet to the best of my knowledge at least.