What is PayPal ™?
PayPal ™ is a company that uses electronic trading tools that allow individuals and businesses to safely process payments and transfer funds over the Internet. It was created in 2000, when two companies, assembly and x.com merged to further develop their e -mail payment programs. Until 2002, eBay customers prefer to use PayPal ™ instead of eBay's in House Plates Plates Program has made an online auction giant to offer, and PayPal ™ has been under eBay's wing since then. All financial data is stored on Secure PayPal ™ servers, so customers can initiate financial transactions without giving the trader or recipients sensitive account information. Once the customer has set an account, they only have to deliver an e -mail address to process the payment. Information is Sent on PayPal ™, then PayPal ™ sends a payment to a merchant, never exposes customer information.
Individuals can set up a PayPal ™ personal account that can be connected to a credit or debit card and a bank account. Personal account PayPal ™ can be used for safe shopping in online stores, sending or requesting money from friends or family, as well as to raise money. Thousands of online stores are now accepting PayPal ™ and PayPal ™ offers a virtual credit card number for those who don't. To withdraw funds on the account, an individual may decide to transfer funds to a bank account, use a PayPal ™ debit card in stores, or ask for a check.
businesses have even more options. PayPal ™ can be set to accept payments on the website in the online store or ask for money by sending a detailed invoice. E -mail billing can be set to receive PayPal ™ or trader can choose an account that allows direct payments from credit or debit cards. Each type of account has different provisions, but usually participates in receiving payments.
moUltimate PayPal ™ is a virtual terminal. This serves as an online alternative to run over the credit card machines used in stores. The virtual terminal allows retailers to receive phone payments as well as by fax. Traders using this service can expand their businesses outside the virtual world and increase their customer base. The virtual terminal also generates automatic transport packaging and creates messages for tracking and payments.