PayPal – Safe way to pay and get paid online

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Published: 15th February 2010
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Are you worried to transact online due to internet phishing and scam sites?

Are you in online business and worried about online transactions (Getting paid and paying to someone)?

Then you are the right place and the following article will help you to solve your problem because there is a safe way to pay online and get paid online without revealing your financial details (Credit Card/Bank Account) to anyone.

It's nothing but PayPal Account. Read below for full article...

What is PayPal?

A Web payment processing service from PayPal, San Jose, CA. Founded in 1998 and acquired by eBay in late 2002.

PayPal operates as an independent brand. Customers with PayPal accounts can pay for merchandise by bank account or credit card on any PayPal merchant site, and their financial data are not revealed to the merchant.

PayPal is an online account that allows you to receive and send money electronically with your bank account and credit cards.

PayPal has become such a convenient and trusted way to transfer money online, 95% of eBay's purchases go through PayPal.

PayPal enables global e-commerce by making payments possible across different locations, currencies, and languages.

Benefits of PayPal:

Easy to accept payments on-line.

No need for the customer has a Pay Pal account.

Send money to anyone with an e-mail address.

No separate hosting, shopping cart, payment gateway or merchant account required.

Transactions are very secure.

How does PayPal works?

As an online financial transaction broker, PayPal lets people send money to each other's email addresses.

The parties between whom the payment is exchanged cannot see each other's credit card or bank information. 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 the information of its customers in an encrypted form. No one can decrypt the confidential information. This specialty makes PayPal one of the safest gateways of transactions. PayPal is ideal for money transactions between strangers. It doesn't matter which part of the globe you are sitting in.

How to open PayPal account?

Only two main requirements are essential to open a PayPal account, a valid e-mail address and a valid credit card or bank account.

Though PayPal is free for the buyers, the sellers have to give a fee of 1.9% to 2.9%.

The money is withdrawn from the buyer's credit card or the bank account and there is no cost involved in paying the money to the PayPal users. PayPal will charge only if you receive funds in your account.

PayPal verifies your account through its secured process and this process varies from Country to Country.

Requirements to open a PayPal account?

Only your valid email id and bank account/Credit Card details.

What Type of PayPal accounts exists?

There are three types of PayPal accounts; PayPal Personal account, a PayPal Premier account and a PayPal business account.

The features of the personal account are limited. Even though you can send and receive money to and from other PayPal accounts, you cannot receive money from credit cards or debit card payments. To activate this facility, you have to upgrade your status to a Premier account.

The fee structure is slightly different and you can get the details on the PayPal website. The Business account is best suited for people who are having huge business set-up or are running large online stores. It is useful if your transactions involve complex deals. You can always upgrade your existing PayPal account to the Business account.

Hope this article helped you to know more about PayPal and I wish you to open a free account with PayPal.

I would like to hear your opinion / Feedback / Comments on my thoughts and you can contact me at

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