What is PayPal exactly? Is it safe to open a PayPal account and pay and get paid? If these questions have crossed your mind as well, read on.
PayPal is essentially an online business allowing payments and money transfers to be made through the Internet. The company was bought by eBay on October 3, 2002, becoming it’s wholly-owned subsidiary. Being an only business, they are present across the globe, but have their corporate headquarters in San Jose, California (at eBay’s North First Street satellite office campus). The company has physical presence in other US cities, as well as in Chennai, Dublin, Kleinmachnow, Tel-Aviv and Luxembourg.
You can find a full list of PayPals features here, but here are the most important aspects for both buyers and sellers:
Buyers
Buyers are never charged for any payments.
Businesses who sell various goods and services are charged a percentage of the sale price, which depends on the amount of transactions carried out per month. As such, a PayPal merchant can expect to pay between 1.9%-3.4% on each transaction.
If you are wanting to do business online, for example sell your music files, PayPal is the best and easiest way to go.
Sign up for PayPal >>
PayPal is essentially an online business allowing payments and money transfers to be made through the Internet. The company was bought by eBay on October 3, 2002, becoming it’s wholly-owned subsidiary. Being an only business, they are present across the globe, but have their corporate headquarters in San Jose, California (at eBay’s North First Street satellite office campus). The company has physical presence in other US cities, as well as in Chennai, Dublin, Kleinmachnow, Tel-Aviv and Luxembourg.Features of PayPal
Both private individuals looking for a safe way to pay for goods and services on the web, as well as merchants looking to sell their goods are welcome at PayPal.You can find a full list of PayPals features here, but here are the most important aspects for both buyers and sellers:
Buyers
- Safe payment, since only PayPal will know your credit card details, you never have to give it to a merchant on the web.
- Buyer protection and fraud programs.
- Easy to manage PayPal account.
- Accepts payments easily with PayPals online shopping cart, single purchase and recurring membership features.
- Invoicing and shipping features.
- Low transaction based fees.
- No monthly or setup fees.
Who uses PayPal?
PayPal has over 230 million users in 190 countries around the world. This number is growing at a rapid pace every year, since PayPal is the most trusted and safest way to pay online.What currencies does PayPal support?
PayPal supports all major world currencies. Here is a complete list of currencies supported at the time of this writing:- Australian Dollar (A $) AUD
- Canadian Dollar (C $) CAD
- Euro (€) EUR
- British Pound (£) GBP
- Japanese Yen (¥) JPY
- U.S. Dollar ($) USD
- New Zealand Dollar ($) NZD
- Swiss Franc CHF
- Hong Kong Dollar ($) HKD
- Singapore Dollar ($) SGD
- Swedish Krona SEK
- Danish Krone DKK
- Polish Zloty PLN
- Norwegian Krone NOK
- Hungarian Forint HUF
- Czech Koruna CZK
- Israeli New Shekel ILS
- Mexican Peso MXN
- Brazilian Real (only for Brazilian members) BRL
- Malaysian Ringgit (only for Malaysian members) MYR
- Philippine Peso PHP
- New Taiwan Dollar TWD
- Thai Baht THB
- Turkish Lira (only for Turkish members) TR
How much does it cost to use PayPal?
Opening a personal or a business account is absolutely free, there are no setup, monthly or gateway fees.Buyers are never charged for any payments.
Businesses who sell various goods and services are charged a percentage of the sale price, which depends on the amount of transactions carried out per month. As such, a PayPal merchant can expect to pay between 1.9%-3.4% on each transaction.
If you are wanting to do business online, for example sell your music files, PayPal is the best and easiest way to go.
Sign up for PayPal >>
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