2007-03-21 18:22:48 · 5 answers · asked by Meh K 1 in Computers & Internet ➔ Internet
Paypal is an on-line service to pay for things you buy on-line, with minimum risk. Paypal is a reputable company. You set up a Paypal account for buying things on-line. Without Paypal, you would risk letting strangers, possibly dishonest, have your financial information.
Say you want to buy something on Ebay from a total stranger and don't want them to have your bank account numbers or phone number. You don't want to send them a check. You go to Paypal and Paypal will send the money to the seller and debit your bank account. The seller pays a small fee to Paypal for the service. Last I heard it was about 35 cents. It's worth it to the seller because they know PayPal is good for the money. Your check might bounce. The transaction went through with little risk to both parties and everyone is happy. I hope that helps.
2007-03-21 18:32:05 · answer #1 · answered by Annie D 6 · 0⤊ 0⤋
To keep it simple, it is an online bank used for money transfers. It was designed to help make ebay transactions faster and more convenient.
2007-03-21 18:27:04 · answer #2 · answered by Bjorn 7 · 0⤊ 0⤋
is this online payment system that's accepted in a lot of online stores,mainly E-bay, it's a secure transaction that guarantees your payments are safe.
2007-03-21 18:32:43 · answer #3 · answered by Mrs 2 · 0⤊ 0⤋
pay pal is a credit card u use to pay your cell bill if you dont have a credit card
2007-03-21 18:33:17 · answer #4 · answered by jujuire 1 · 0⤊ 0⤋
www.paypal.com
Prefered payment merchant for ebay and other major online merchants.
2007-03-21 18:27:26 · answer #5 · answered by Wrekonize 2 · 0⤊ 0⤋