PayPal is not to be considered just an app but a practical platform, looking at its efficient functionality in exchanging money or payments within seconds.
PayPal was launched in the year 1999, and ever since then, it has become a synonym with electronic money transfer. Right from online money transfers and checks, everything can be managed with this app. The best thing about this application is that the transaction can be made in any currency. For a remote worker or a freelancer from a foreign country, this is the most reliable source for getting payment.
Successful Milestone of PayPal:
It is one of the most renowned online payment apps across 200+ countries in the world. Though there can be a lot of competitors in the online payment market, it has its place, which is the top-most position. The latest statistics for the giant is here.
- PayPal has, at present, 300 million active uses.
- An average PayPal user conducts about 36.9 transactions in a year.
- More than 87.5% of online buyers use PayPal.
- An average PayPal user holds an account having $485
The users of PayPal can withdraw money in 56 currencies, and apart from this, they can have funds in 25 different currencies. The app has exclusive security features by integrating encryption, address screening, and fraud.
Looking at the skyrocketing success and the security it offers, people prefer this as the best payment app. Many entrepreneurs are making their way into the development of an app like PayPal, if you are one of them, it is essential for you to know about the crucial things that you need to make sure are implemented in your PayPal Clone app.
Exclusive Features to be Considered While Developing PayPal Clone
An interactive user interface
Be it the success or failure of the app, it depends on the user interface. A smooth, interactive, and intuitive interface is what attracts the user to your app. The user-interface must be engaging and more straightforward that the user can navigate through the app without perplexity.
Immediate or instant payment is the crucial feature of any online payment app. This is the feature via which users can transfer money, make payments, and can be known about it instantly.
Easy linking of cards and accounts
Another vital feature for a payment app is to enable the user to link their cards like credit/debit cards and bank accounts with ease. The details of cards and banks with passwords are stored in a private app. Once the bank account is linked, the user can use the information and pay instantly from the bank account.
The security of data is a threat nowadays. So using the encryption system, the passing data can be encoded so that it is not hacked. With this feature, you can avoid the revelation of banking or personal data.
Various currency option
An app like PayPal should contain this vital feature, which is one of the root causes for the broad usage of the app. Along with this, you can integrate the app with the automatic currency converter, which converts in real-time, as per the present conversion rates.
The addition of a multilingual feature to the app allows access for users across the world, other than just English.
Integration of cloud-based technology
For a speedy, safe, and secure transaction, this feature should be used, as using this technology would allow users to convert their smartphones into a digital wallet.
For the best experience, the user should have an alternative option to transaction history. Apart from this, make sure that the app provides transaction history on a weekly or monthly basis helping users keep a complete track of their transactions.
There are more features than just these, but these are the most crucial ones along which you can add more add-ons to your app.
If you are developing a PayPal like app, it is advisable to go for the PayPal clone scripts, then to create the app from scratch. The scripts are available with many renowned development companies like Appdupe, which would let you have your way of integrating some unique features and functionalities. So, plan the features and launch your robust app in no time.