wat is paypal? and is it safe?

Answer 1

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as cheques and money orders. PayPal performs payment processing for online vendors, auction sites, and other corporate users, for which it charges a fee. In October 2002, PayPal became a wholly owned subsidiary of eBay. Their corporate headquarters are in San Jose, California, at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Dublin, Ireland; and Berlin, Germany[1].

PayPal account holders must be 18 or over with a debit/credit card or bank account and an e-mail address.



"How safe is PayPal?"
Answer: PayPal is as safe as any online bank.

Although no system is 100% foolproof, PayPal has designed many checks and balances into its system to keep errors and fraud to a bare minimum. You won’t find another online financial institution that’s better at protecting its customers than PayPal. By utilizing the very latest in secure technology and employing a large team of experts in all areas of online safety, PayPal continues to be a leader in safe online payments around the world.

1. PayPal is guaranteed against fraud and identity theft. PayPal guarantees 100% protection against unauthorized payments from your account. Every transaction is confirmed by email to the PayPal account holder. Any transaction you wish to dispute will give you access to a 24/7 support team of analysts who will sort out your problem for you.
2. eBay purchases can also be insured up to $1000 through PayPal. A service called "PayPal Buyer Protection" is another way that PayPal will certify that certain sellers are trustworthy.

3. PayPal's Anti-Fraud Team works 24/7 Using sophisticated risk models and advanced technology, the team is able to detect, and often predict, suspicious activity to help eliminate identity theft. The anti-fraud team’s sole job is to make every PayPal transaction as safe and seamless as possible.



How Does PayPal Keep My Information Safe?

The security of your information, transactions, and money is the core of our business and our top priority at PayPal.

PayPal automatically encrypts your confidential information in transit from your computer to ours using the Secure Sockets Layer protocol (SSL) with an encryption key length of 128 bits (the highest level commercially available). Before you even register or log in to our site, our server checks that you're using an approved browser - one that uses SSL 3.0 or higher.

Once your information reaches us, it resides on a server that is heavily guarded both physically and electronically. Our servers sit behind an electronic firewall and are never directly connected to the internet, so your private information stays private.

How PayPal Works.

As an online financial transaction broker, PayPal lets people send money to each other's email addresses. At no time will either party see the other's credit card or bank information.

Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties.

With multiple guarantees in place, buyers and sellers entrust PayPal with their credit card and bank information. PayPal keeps that private customer information secret. Then, while "blinded" from the other party's confidential information, strangers safely send money to each other through PayPal and email.

PayPal Requirements

You need no special technology nor a business license to send/receive money through Paypal. The only requirements are:

1. a valid email address.
2. a valid credit card or bank account.

Answer 2

Paypal is great, you can pay a person, or your bills, or like I use it, for ebay. I have been on paypal for 3 years and have never had any problems, plus you can sign up to pay right from your bank account, it does not have to be a credit card.

Answer 3

PayPal is a way to send and receive money over the internet using credit cards or bank accounts. Though linked tightly with eBay's interface, the system can be used for other transactions easily.

PayPal allows you to send money for free, though if you wish to accept payment there is a percentage fee plus a transaction fee.

Here is their current fee schedule to receive payments:

Monthly Sales Price Per Transaction
$0.00 USD-$3,000.00 USD 2.9% + $0.30 USD
$3,000.01 USD-$10,000.00 USD 2.5% + $0.30 USD
$10,000.01 USD-$100,000.00 USD 2.2% + $0.30 USD
> $100,000.00 USD 1.9% + $0.30 USD

To initiate an invoice for payment all you need is your customer's e-mail address.

Answer 4

I feel it is safe. You can pay with a credit card, debit card or check and not have to put this information on a bunch of unfamiliar sites.

Answer 5

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a pay-pal account is where you would store your credit or debit card number when buying things off from the internet. its a safe way to by things so sellers dont get your credit card number.

Answer 6

It's a way of easily transfering money, they use it alot on ebay,

go to paypal.com.

Answer 7

very secure -

can transfer funds from a credit card, debit card, or checking account

all the best

Answer 8

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wat is paypal? and is it safe?

Answer 9

Wat Is Paypal