What Is PayPal?

 


What Is PayPal?

PayPal is an electronic commerce company that facilitates payments between parties through online transfers. PayPal allows customers to establish an account on its platform, which is connected to a user's credit card or checking account. Once identification and proof of funds are confirmed, users can begin sending or receiving payments to and from other PayPal accounts online or through the company's app.

KEY TAKEAWAYS

  • PayPal is an online payment platform that offers individuals and businesses low-cost services.
  • PayPal has been its own company since 2015.
  • In addition to online payments, PayPal also offers a variety of related services including debit cards for payments, credit card readers for small merchants, and lines of credit.
  • PayPal is considered a very secure method of sending payments online.

How PayPal Works

PayPal offers payment services and solutions for both personal consumers and businesses. The company allows personal consumers to shop, make payments, and transfer money with relative ease. Users need an email address to sign up for an account and must provide a credit card, debit card, or bank account to complete the setup. PayPal verifies all the information to make sure the person setting up the account is the rightful owner before the service can be used.

You have electronic money and you need to exchange it? How to choose the best exchange rate for the currency you need? Thousand hundreds of people earning money on the Internet, buying things online or working remotely seek answer to this question.

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