PAYPAL

WHAT IS PAYPAL?

PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account. PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.

HISTORY OF PAYPAL

PayPal was established in December 1998 as Confinity,  a company that developed security software for handheld devices founded by Max Levchin, Peter Thiel, Luke Nosek and Ken Howery. PayPal was developed and launched as a money transfer service at Confinity in 1999, funded by John Malloy from BlueRun Ventures. PayPal has operated across the European Union as a Luxembourg-based bank. The PayPal European headquarters are located in Luxembourg and the international headquarters are in Singapore. PayPal opened a technology centre in Scottsdale, Arizona in 2006, and a software development centre in Chennai, India in 2007.

ADVANTAGES OF PAYPAL

- With paypal, keeps your credit card information private which means that you can shop without worrying about hacker downloading your account data from online merchant.

- Paypal sponsors presents special discount for customer who shop with paypal.

- Paypal is free to use. There is no membership fee and no service charge to open an account with paypal.

- You can easily transfer money instantly with just a click of the mouse.

- When you are sending money to different countries PayPal provides you the lowest price and it is also the fastest and safest way to ensure your money will reach to its destination.

PAYPAL DEBIT CARD

A prepaid card from PayPal lets you add funds to the account and pay with the card, enabling you to purchase supplies for your business at physical and online retailers that only accept credit or debit cards. You can also use this card to let your employees makes purchases for the office. PayPal sends you alerts, either via text or email, whenever you make payments with your prepaid card. In this way, you can track your spending even without a checkbook register. Furthermore, you can directly deposit checks or certain payments into your PayPal prepaid MasterCard account without a fee. If you already actively use a PayPal business account, there are a few benefits to using this prepaid card. You can connect it to your account to use the available balance rather than adding cash. PayPal also offers cashback rewards for prepaid customers.

 

CONCLUSION

Paypal is one of the best online international money transfer service which makes sending and receiving money easy and faster.
It is a quick and secure solution to pay or get paid online globally. It is a business that provides online money transfer and e-commerce payment services.