PayPal- Your Pal for Online Transactions

For the people who indulge in online payments and money transfers PayPal offers a very convenient alternate. This important element of an e-commerce business allowing payments and money transfers to be made through the Internet, serves as an electronic alternative to traditional paper methods such as cheques and money orders. You can get entitled to online transaction facilities through PayPal after getting registered on the official website. With the e-commerce and online trade gaining momentum, more & more transactions take place online and their safety subject to being compromised, PayPal has emerged as a very popular online transaction option.

Many online purchases are now made through PayPal via emails. PayPal performs payment processing for auction sites, online vendors, and other commercial users for which it charges a fee depending on the payment option used, currency used, the amount sent, the country of the sender & recipient, and the recipient's account type. A PayPal account can be funded with an electronic debit from a bank account or by a credit card.

Getting Started

For the most easy and secured online transactions, PayPal is a trusted name. One can log into the official website of PayPal and sign up with a valid email account and then access thousands of small and big online stores including big names like eBay. There are three types of accounts namely Personal, Premier and Business, meant for different users.

Personal Accounts are used by people who wish to make a payment online while Premier Accounts are for those who wish to get paid after selling their products online. The recipient of a PayPal transfer can request a cheque from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. The Business Account is meant for merchants and traders who can make the payments via credit cards. You have to link and confirm your credit cards registration on the website and confirm to an email sent to you and then start the online transaction.

The Benefits

PayPal offers numerous advantages which include a Global Presence with 153 million accounts all over the globe. It offers high protection against the practices of fraud and cheating on the internet. PayPal offers a complexity free, faster and easier money transaction system. It is free for buyers and for sending money to others and only charges you for receiving money. The network of PayPal is spread over 190 markets in 24 currencies. With so many benefits, you can surely trust PayPal as a pal for safe and faster online transactions across different countries of the world.