PayPal is a association owned by eBay that provides fee services to livelihood and entrepreneurs. By using PayPal, a petite function or an definite can take payments from other parties nailed down a collection of income. PayPal makes this action secure, partly thanks to one congregation never sees the financial advice, such as bank anecdote or credit card numbers.
Signing Up
When you memo up for an tally at Paypal.com you are offered the Election of a personal, premier or field report, each with different fees and restrictions. The email address you provide when you sign up is your PayPal address.
Payments
Freelancers and consultants use PayPal to get payments for services. They provide their PayPal address to clients and the clients pay the consultants through PayPal into the designated account.Verification
Whether you intend to send or receive money, you will have to supply some financial information. If you intend to transfer money between your PayPal account and another account, you must verify the other account according to PayPal's procedures.Online Purchases
Many online sellers, whether through auctions or retail sites, use PayPal to get payments. The buyer can use a bank account, credit card debit card or some other electronic means to make the payment through PayPal and into the seller's account.
Volume
According to PayPal's website, the company handled over $47 billion in transactions in 2007 with 65 million active accounts worldwide. This covers 190 markets and 19 different currencies.
