About PayPal
PayPal provides the world's first instant and secure online payment service.
With PayPal, individuals and businesses can send and receive payments through
the Internet. This revolutionary new service provides a safer, faster, easier,
and cheaper way to move money in today's digital economy. With a customer base of more
than 6 million and continuing to grow rapidly, PayPal is the world's largest Internet-based
payment network. PayPal is the #1 eFinance site on the Internet, according to PC Data Online,
and one of the fastest growing websites, according to Media Metrix. PayPal now constitutes
over 10% of all Internet traffic in the financial services category, more than
Citibank, Wells Fargo and Bank of America combined.
What is PayPal?
PayPal makes sending money as easy as sending email. Members can instantly and
securely send money to anyone in the U.S. with an email address. PayPal is also
available to people in 26 countries. You may also use PayPal on your web-enabled
cell phone. In the future, we will offer PayPal on web-enabled pagers and other
handheld devices.
How does PayPal work?
Once you
sign up for PayPal, you can send money to anyone with an email
address and we will deduct the money from your PayPal balance or charge your
credit card. Recipients are notified by email that they have received a payment.
Why should I use PayPal? PayPal is far less time-consuming than making a trip to
the ATM or writing and mailing paper checks. And unlike checks, which can take
days to clear, PayPal transactions clear instantly.
Does PayPal cost anything?
PayPal is absolutely FREE for consumers. PayPal provides premium services at low
rates for businesses.
How does PayPal make money?
PayPal offers its payment service free of charge to U.S. consumers for personal
use. Business use requires a Premier or Business account, which provides premium
features for a low fee. These transaction fees provide PayPal with revenue. In
addition, many consumer customers choose to keep a balance in their PayPal
account. These balances are kept collectively in a high-grade money market
mutual fund. The interest paid on this account is a PayPal revenue stream.
To sign up for PayPal, click
here
