Wayanad e User Group [WeUG]

PayPal

PayPal is the global leader today in online payment solutions, with nearly 150 million registered users. It has been accepted by millions of merchants worldwide.  PayPal was acquired by eBay Inc.  In Oct 2002. It provides any individual or business having e-mail address a service for conducting secure online transactions. By using PayPal, you can easily and quickly send and receive payment online. PayPal utilizes financial infrastructure of bank accounts and credit cards.  It is equipped with the worlds most advanced proprietary fraud prevention systems  which allows it to provide a  safe payment solution. A PayPal account can be easily funded with an electronic debit from a bank account or using by a credit card. The receipt of PayPal transfer can be request as a check too. One can  establish one`s own deposit account with   PayPal or request to transfer to his respective bank account.

PayPal performs the payment processing for many online vendors, auction sites and other commercial portals. It charges  fees for the same. Sometimes it may charge a transaction fee for receiving money. This  depends upon the payment option used, the country of the sender, the country of receipt etc. The salient features of PayPal may be summarized as follows

ü It attracts an international audience to your commercial website

ü It welcomes regional or global  buyers to your eBay listings

ü It send money to your family or friends around the world

NOTE :: Mr Sajith Kamar from Mauritius wants  to know about PayPal, I hope this will be useful for others too. Send your queries and article to ylpwayand@gmail.com

>> Sarathlal