PayPal is becoming more and more prevalent as a means of doing business on the internet. Those who spend a lot of time on eBay are well aware of how PayPal works. Now that more and more websites are asking for PayPal payments, many consumers are left scratching their heads and wondering, What is PayPal? Is it safe? Is it easy?
PayPal is a means of making or receiving secure payments over the internet in the place of a credit card. Consumers must sign up for a PayPal account and link it to either a bank account or a credit card. When the time comes to pay for a purchase over the internet, the customer provides the merchant with their PayPal account information, the money is paid to the merchant (less a small transaction fee) and the linked bank account or credit card is charged appropriately.
Common uses for PayPal include sending and receiving money to or from friends and family online, requesting money for a charity drive and making online purchases. In addition, when requesting money, an invoice and detailed payment instructions can be generated.
Money can be sent to over fifty five countries in the following currencies: U.S. dollar, Canadian Dollar,...
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