PayPal is an online financial service like banks.that allow us to pay for item using secure internet account. As well as that allow to receive transaction via this. It is an American company. But they operate online payments in world wide. In this era that support online money transfer and serves as an electronic alternative to traditional paper methods like vouchers, checks and money orders. When we consider about history of this company, it was established in 1988 as Confinity. As well as their initial public offering in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion in 2015, eBay spun off PayPal to eBay's shareholders. In these days this company become as largest and famous banking platform. but they provide their services with limited counties.
When we consider about online payments in PayPal it can do quickly using email addresses. using this we can send money to friends, family members or sellers. By registering your credit or debit card with your PayPal account, you can send send payment using the option send and request money. Moreover, the money will be credited in recipients account and can then be transferred to a bank account or used to make payment.
Next we consider about receive money via online, anyone can do quickly send money to you using your email address that connected with our PayPal account. when we receive payment we can receive notification and payment will be shown on our account. there are many shops and online stores offer PayPal as a payment option in world wide.
When we connect our credit and debit card with PayPal account in first time they deduct and hold small fee for one day.after comfirm or validate card they release that small fee. As well as there account is free. But they will be charged fee. It will depend on your payments.
You can see mare information from the PayPal official site.
