2006-11-27 09:26:19 · 13 answers · asked by silva 2 in Computers & Internet ➔ Internet
Paypal is an "electronic payment" system that allows you to pay for items or services online. It connects to your existing bank account or credit card. Once you sign up for PayPal, you can send money to anyone with an email address using money from your PayPal balance or another funding option of your choice, such as a credit card, debit card, or your bank account. Many web sites, as well as ebay.com (the owner of Paypal), rely heavily on the service to allow payments to be made.
2006-11-27 09:30:30 · answer #1 · answered by gerlach 3 · 1⤊ 0⤋
Founded in 1998, PayPal, an eBay Company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution.
PayPal has quickly become a global leader in online payment solutions with 100 million account members worldwide. Available in 103 countries and regions around the world, buyers and sellers on eBay, online retailers, online businesses, as well as traditional offline businesses are transacting with PayPal.
PayPal has received close to 20 awards for technical excellence from the internet industry and the business community at large -most recently the 2003 Webby Award for Best Finance Site and the 2003 Webby People's Voice Award for Best Finance Site.
Located in San Jose, California, PayPal was acquired by eBay Inc. in October, 2002.
2006-11-27 17:27:33 · answer #2 · answered by jesus_aka_lola 2 · 0⤊ 0⤋
paypal is like a bank. You can set it up to have funds transfered into your regular bank account (For example, if you sell something on ebay, the money can go into a paypal account, then you can transfer it to your checking account so you can use the money.) It's basically a way to enter your credit card information without having to share that information with everyone you buy from.
2006-11-27 17:29:36 · answer #3 · answered by D S 4 · 1⤊ 0⤋
I can give you a link that deals with Payapl & Ebay transactions through Paypal. PayPal is one of the most popular online money transfer systems widely used for online auctions, pay to surf programs, e-books and purchase of low value goods. It is now a part of the online auction website eBay. More details available at
http://www.money-transfer.in/paypalindia.html
2006-11-30 07:07:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It is a service that allows you to transfer money from person to person. Like if you buy something from me and I live in a different part of the world, you can pay me on paypal and I don't have to worry about your check bouncing and things like that.
2006-11-27 17:28:21 · answer #5 · answered by sooners83 4 · 1⤊ 0⤋
safest way to pay online you can put money inyour paypal account through with varios different things (credit card, bank account...) and use the paypal account on sites like ebay
2006-11-27 17:28:41 · answer #6 · answered by jayson 2 · 0⤊ 0⤋
It is just Ebay's branch and make millions every year. What it is it will take your credit card number, or debet card trasfer and pay your money to the seller, you bought the stuff from. It acutally protects you and you dont have to worry about giving your credit card number away. ON the other hand it rips the sellers or receivers off by charging them somewhat reasonable fees for receiving the money....Its safe but It cost to receive money...but no fee to send money...
2006-11-27 17:30:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
paypal is and online card that you put money on
2006-11-27 17:30:06 · answer #8 · answered by delu5347 1 · 0⤊ 1⤋
sort of like a bank
people buy stuff and you get money there
then you can spend it or send it to your bank account
2006-11-27 17:28:06 · answer #9 · answered by kurticus1024 7 · 0⤊ 0⤋
It's a pal that pays for you right out of YOUR account.
2006-11-27 17:28:54 · answer #10 · answered by Sugar 7 · 0⤊ 0⤋