What is Paypal? | Payment Processor
By
TheBloggerTips on
March 28th, 2008
PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as cheques and money orders. PayPal performs payment processing for online vendors, auction sites, and other corporate users, for which it charges a fee. It also charges a transaction fee (3.4%) on private individuals receiving money and an additional per transaction fee.
Source: http://en.wikipedia.org/wiki/PayPal
In another word, PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. PayPal has become a global leader in online payment solutions with more than 164 million accounts worldwide and available in 190 markets with 17 currencies around the world. PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.
How Paypal Works?
1. Signup with Paypal Account(Email address as log-in id).
2. Select PayPal when checking out at online stores worldwide.
Or use PayPal to send money to friends across town or on another continent.
3. Pay directly from your PayPal balance or linked bank account.
Or charge it to your credit card.
4. Stay safer - recipient gets the money without seeing sensitive financial details like your credit card or bank account numbers.
5. Keep track of all your transactions on PayPal.
Demo Signing up Paypal
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