What is Pay Pal?

Question

Hello All

I want to know that, What is Pay Pal?

Please tell me

Answer 1

PayPal is an online payment service that allows its members to send money online to anyone with an email address. Once you sign up for a free account, you can use PayPal to send and receive money from a funding source you choose, such as a credit card or your bank account.

With PayPal buttons, you can affordably accept credit card and other payments through your site. You'll pay a small fee for some transactions, such as receiving credit card funds. Learn more about the costs of using PayPal. (For a complete list of fees, please see the PayPal web site.)

You can use PayPal buttons to let your site visitors purchase individual items on your site. When a visitor clicks a PayPal button on your site, a new window will open containing a PayPal payment details page. Here your customer will be prompted to sign in to an existing PayPal account or sign up for a new one, then complete his transaction on the PayPal web site. Learn more about the PayPal transaction process.

When you receive a payment through PayPal, you will be notified by email. Learn more about receiving PayPal payments.

Answer 2

PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information.

PayPal has quickly become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 24 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.

PayPal has received more than 20 awards for excellence from the internet industry and the business community -most recently the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People's Voice Award for Best Financial Services Site.