Pay Pal com – What is Pay pal? People who do business online may wish to seek an answer to a question like ‘what is Paypal’ time and again. This basically refers to an online money remittance service institution that allows people to make online payments and money transfers between people who may be miles away from each other. To use PayPal, you are required to have an email address through which you will be sending or receiving payments through a credit card or a bank that has networked with the system
After finding answers to the Pay Pal question, individuals or businesses are able to make purchases online, without exposing their credit card to fraudsters. The system has been adopted by many merchants world over and it has become well known means of receiving and sending payments online. To register for the service www pay pal com, all one needs is to understand the ‘what is pay pal?’ question, and how it works, and then add it into their website as an installed program and it will be installed in a flash. Probably you are wondering why you should use this system and not any other. Why has it become very popular? To start with, it is very fast. Payments are instant and have no delays.
As you look for answers into ‘what is paypal?’ you will come to understand that the system is also very private, meaning that your financial information will never be accessed by anyone. This should give you an assurance that no fraudster will be able to access and manipulate your credit card in any way. Your details are well protected in this system. Another advantage of the system is that, in addition to being fast, it is also very easy to use. Sending money is as easy as clicking a few buttons and so is receiving payment. The system has gone global and is trusted world over.
The charges are also competitive and they have no match. As you continue searching more information on the question ‘what is paypal?’ you will learn that compared to other modes of payment, paypal basically charges you peanuts for the services. The system has received over 20 awards for being the most reliable and most trusted money transfer channel. It has over 150 markets in the world over, and accepts over 20 currencies of the different nations. It has enabled global e-commerce to spread far and wide. The system makes its money through charging commissions especially on products promoted through the site. Sellers have to pay a 2% of their sale. Also, for the transfers that take place between paypal accounts, the system makes some money. When money is sent into an account and not withdrawn immediately, there is an interest that is charged for holding the money there.