What exactly is PayPal?

PayPal is the world’s most popular “middleman service” for online purchasing. Where moneygrams and wire transfers were the standard in the 20th century, today over 99 million Internet users prefer to use PayPal to send money to each other via email. PayPal has become such a convenient and trusted way to transfer money online, 95% of eBay’s purchases go through PayPal.

How PayPal Works

As an online financial transaction broker, PayPal lets people send money to each other’s email addresses. At no time will either party see the other’s credit card or bank information. Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties.With multiple guarantees in place, buyers and sellers entrust PayPal with their credit card and bank information. PayPal keeps that private customer information secret. Then, while “blinded” from the other party’s confidential information, strangers safely send money to each other through PayPal and email.

PayPal Requirements: You need no special technology nor a business license to send/receive money through Paypal. The only requirements are:

  • a valid email address.
  • a valid credit card or bank account

Precisely because it is so easy to use, PayPal is the favorite of millions of amateur sellers and buyers around the world.

Is PayPal secure?

PayPal is as safe as any online bank. Although no system is 100% foolproof, PayPal has designed many checks and balances into its system to keep errors and fraud to a bare minimum. You won’t find another online financial institution that’s better at protecting its customers than PayPal. By utilizing the very latest in secure technology and employing a large team of experts in all areas of online safety, PayPal continues to be a leader in safe online payments around the world.

PayPal is guaranteed against fraud and identity theft. PayPal guarantees 100% protection against unauthorized payments from your account. Every transaction is confirmed by email to the PayPal account holder. Any transaction you wish to dispute will give you access to a 24/7 support team of analysts who will sort out your problem for you
PayPal’s Anti-Fraud Team works 24/7 Using sophisticated risk models and advanced technology, the team is able to detect, and often predict, suspicious activity to help eliminate identity theft. The anti-fraud team’s sole job is to make every PayPal transaction as safe and seamless as possible.

Many other PayPal safety measures distinguish the service from its competitors.

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