Getting To Know : PAYPAL

Thursday, November 29, 2007 |

What is Paypal?
PayPal is the world's most popular "middleman service" for online purchasing. Where moneygrams and wire transfers were the standard in the 20th century, today over 99 million Internet users prefer to use PayPal to send money to each other via email. PayPal has become such a convenient and trusted way to transfer money online, 95% of eBay's purchases go through PayPal.

How does PayPal Work?
As an online financial transaction broker, PayPal lets people send money to each other's email addresses. At no time will either party see the other's credit card or bank information. Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties. With multiple guarantees in place, buyers and sellers entrust PayPal with their credit card and bank information. PayPal keeps that private customer information secret. Then, while "blinded" from the other party's confidential information, strangers safely send money to each other through PayPal and email.



PayPal Requirements

You need no special technology nor a business license to send/receive money through Paypal. The only requirements are:
  1. a valid email address.
  2. a valid credit card or bank account.

What are the Benefits of Using PayPal?



It's Fast
Payments are made immediately, quicker than sending checks or money orders.

It's Private
PayPal does not reveal your financial information to sellers.

It's Global
PayPal is accepted worldwide, and can be used to make payments locally or internationally.


It's Easy
Send money to anyone in just a few clicks.

It's Trusted
Industry-leading fraud prevention keeps you safe and secure.

It's Cost-Effective
It's free to send money, and PayPal is affordable for businesses of all sizes.

2 comments:

ChampDog said...

Thanks for the info. Have you heard of e-gold? I guess it will be the same concept with pay-pal.

Nheri Rose Gumayagay said...

Great post ! Try this data entry job..

Earn while you enjoy time with your Family & Loved ones!
Join us today visit http://www.unemployedpinoys.com

Unemployed is Brave and a choice to be a Freeman.
To get a form visit my Facebook Page

HAPPY WORKING AT HOME :)