What Is Paypal

PayPal is the "intermediary or broker services' most popular in the world today for online transactions. Formerly Moneygrams and wire transfers to pay standards, but now more than 99 million Internet users prefer PayPal to send money to each other. PayPal has gained trust and comfort to transfer money online, almost 95% of payment eBay using PayPal.


eBay uses PayPal as a payment intermediary of their online auction. Previously, eBay had bought Billpoint in May 1999 and make it as a payment intermediary only recognized by eBay, although the option to use other payment methods are permitted. In February 2000, on average there are about 200,000 items per day supply using PayPal, while the use Billpoint bidding only reached 4000 only. Even in April 2000, there were more than one million bid using PayPal.

Finally, in 2002, eBay acquired PayPal for $ 1.5 billion. eBay later deleted Billpoint payment service through PayPal to increase the potential. Many of the major competitors that went bankrupt PayPal or sold, such as Citibank C2IT which closed in late 2003, Yahoo! PayDirect which closed in late 2004, and the services of Western Union BidPay which closed in 2005. Another PayPal competitor who still survive today include AlertPay, Liberty Reserve, WebMoney and Moneybookers.

In the first quarter of 2006, the total transactions made through PayPal to U.S. $ 8 billion, up 41% from year to year.

Today, PayPal has become the largest payment instrument in the world with more than 153 million accounts. PayPal can be used in 190 countries and 17 different currencies around the world. PayPal also supports the global e-commerce transactions by allowing the location, currency, and different languages around the world.

Is Paypal more secure than other online payment tool?

The policy written protection for buyers who use Paypal says buyers who use Paypal to make the complaint within 60 days if the buyers do not receive goods ordered or if goods ordered does not fit the description the seller notified. If the buyer uses a credit card will receive a refund chargeback from credit card companies.
PayPal also protects the seller from a refund or complain depending on circumstances and evidence, a written protection policy for the vendors designed to protect sellers from buyers who claim to have sent money claiming that there is no record evidence of payment, every purchase using Paypal there is always evidence of payment records in the Paypal account sending and receiving money, as evidence if it had been sending money. This became the main advantages PayPal and no other payment instrument that has this facility.

How It Works PayPal?

As a broker in the transaction online, PayPal makes person sending the money to do only with "mail recipient". The other side can not see the credit card information or bank account. This is a PayPal advantages in maintaining security of personal data users.

Which should be prepared?

To send or receive money through PayPal, which does not need sophisticated equipment or documents on other payments. That need to be prepared only:
1. email.
2. funds from both PayPal balance, credit card or bank account.

How much does PayPal cost?
There is no fee for the list of PayPal and also to transfer from the Bank Account to a PayPal account.
Users will be charged a small fee to:
* Personal PayPal account, will be charged if you accept payment by credit card.
* Premier or Business account, will be charged each receive a payment.