PAYPAL INFO AND THE OTHER PAYMENTS TOOL IN ONLINE MEDIA FOR BUSINESS

PayPal is the most popular "broker or brokerage service" in the world today for transactions on line. Previously Moneygrams and wire transfers were standard payments, but now more than 99 million internet users prefer PayPal to send one money with other. PayPal has gained trust and convenience for money transfers online, almost 95% of eBay payments use PayPal. eBay uses PayPal as an intermediary for their online auction payments. Previous, eBay bought Billpoint in May 1999 and made it an intermediary The only payment that is recognized by eBay though is the option to use the method other payments are still permitted. In February 2000, there were an average of around 200,000 item offers per day using PayPal, while those using Billpoint only reached 4,000 offers. Even in April 2000, there were more than one million offers that use PayPal.

Finally in 2002, eBay acquired PayPal for US $ 1.5 billion. eBay later delete payment services through Billpoint to increase PayPal's potential. Many PayPal's main competitors are finally bankrupt or sold, such as Citibank C2IT which is closed at the end of 2003, Yahoo! PayDirect is closed at the end of 2004, and BidPay services are owned Western Union which was closed in 2005. Other PayPal competitors that still survive now among others are AlertPay, Liberty Reserve, WebMoney, and Moneybookers first quarter of 2006, total transactions made through PayPal reached US $ 8 billion, increased 41% year on year.

Today, PayPal has become the world's largest payment instrument with more than 153 million account. PayPal can be used in 190 countries and 17 different currencies throughout the world.

PayPal also supports global e-commerce that allows transactions with location, eyes money, and different languages ​​throughout the world.

Is Paypal safer than other online payment tools?

Written protection policies for buyers using Paypal state Buyers who use Paypal can make complaints within 60 days if the buyer not get the ordered items or if the items ordered are not according to the description what the seller notifies. If the buyer uses a credit card will get chargeback refund from his credit card company. PayPal also protects sellers from returning money or complaints depending on the situation and verification, written protection policies for sellers are designed to protect sellers from claims of buyers who claim to have sent money that has no evidence payment, every purchase using Paypal there is always a proof of payment in the Paypal account of the sender and recipient of the money, as proof if the shipment has actually occurred money. This is PayPal's main advantage and no other payment tool have this facility.

How does PayPal work?

As a broker in online transactions, PayPal makes it easier for someone to do remittance only with "recipient's email". Other parties cannot see card information credit or bank account. This is PayPal's strength in maintaining data security personal user.

Should be prepared ?

To send or receive money through PayPal, no sophisticated tools are needed other payment documents. What needs to be prepared is only :

*  email.

*  PayPal funds either from balance, credit card or bank account.

What is the PayPal Fee?

There are no fees for PayPal lists and also for transfers from Bank Accounts to Accounts PayPal.

Users will be charged a small fee for:

·         PayPal Personal account, will be charged if you receive payment via card

credit.

·         Premier or Business account, will be charged every time you receive payment.

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