Plugzio leverages PayPal's services for processing payments which offers both managers and users security protocols like using two-factor verification along with all the security measures PayPal offers its customer base.
PayPal only comes into play when depositing money into a wallet. Once money is in the wallet, transactions can happen between users and managers within the Plugzio ecosystem without a PayPal fee. For example:
User adds $10 to their wallet using Paypal. Note that PayPal also accepts debit and credit card options.
User will see $10 minus PayPal's transaction fee
User activates a Plugzio device which has a fee of $1/hr for 2 hours
Once the user is done, $2 will be deducted from the user's wallet
On the manager's wallet, $2 will be added to the manager's wallet
Currently, PayPal fees for US and Canada are 2.9% + $0.30 of the currency.
We are also looking into adding other online transaction methods like Stripe for the future.