Introduction to PayPal : New Forms In Online Trading
PayPal is a "mediator or broker services" the most popular in the world today for online transactions. Formerly Moneygrams and wire transfers to the standard payment, but now more than 99 million Internet users prefer PayPal to send money to one another. PayPal has gained the trust and comfort to transfer money online, nearly 95% of eBay's payment using PayPal.
eBay uses PayPal as an intermediary for their online auction payments. Previously, eBay has bought Billpoint in May 1999 and make it as payment intermediaries only recognized by eBay, although the option of using other payment methods are still allowed. In February 2000, on average there are around 200,000 per day of supply of goods using PayPal, which uses Billpoint whereas only 4,000 offer alone. Even in April 2000, there were already more than one million bid using PayPal.
Finally in 2002, eBay acquired PayPal for U.S. $ 1.5 billion. eBay later remove Billpoint payment service through PayPal to increase potency. Many of PayPal's major competitors who eventually went bankrupt or sold, such as Citibank c2it which closed in late 2003, Yahoo! PayDirect which closed in late 2004, and Western Union's BidPay service which closed in 2005. Another PayPal competitor that still survive today include AlertPay, Liberty Reserve, WebMoney and Moneybookers.
In the first quarter of 2006, total transactions made through PayPal to reach U.S. $ 8 billion, up 41% from year to year.
Today, PayPal has become the largest payment instrument in the world with more than 153 million accounts. PayPal can be used in 190 countries and 17 different currencies around the world. PayPal also supports global e-commerce which enables transaction with locations, currencies, and different languages around the world.
Is Paypal is more secure than other means of online payment?
Wisdom written protection for buyers who use Paypal stating buyers using Paypal can make complaints within 60 days if the buyer has not received the goods ordered or if goods ordered does not fit the description that the seller notified. If the buyer uses a credit card will get a refund from their credit card company.
PayPal also protects the seller from a refund or complain depending on circumstances and evidence, written for the seller protection policy designed to protect sellers from buyer claims that claims to have sent money there is no record of proof of payment, each purchase using Paypal there is always a record of proof of payment in your Paypal account senders and receivers of money, as evidence if it is true there has been a money transfer. This became the major advantages of PayPal and no other payment instrument that has this facility.
How it Works ?
As a broker in online transactions, PayPal makes sending money to someone in just a "mail recipient". The other party can not see the credit card information or bank account. This becomes excess PayPal in maintaining the security of personal data users.
What should be prepared?
To send or receive money through PayPal, no need of sophisticated tools or other payment documents. Need to be prepared only:
1. e-mail.
2. funds from both PayPal balance, credit card or bank account.
What is the cost of PayPal?
There is no cost to list PayPal as well as to transfer from the Bank Account to PayPal Account.
Users will be charged a small fee to:
* Personal PayPal account, will be charged if you accept payment by credit card.
* Premier or Business account, will be charged each receive a payment.
To send or receive money through PayPal, no need of sophisticated tools or other payment documents. Need to be prepared only:
1. e-mail.
2. funds from both PayPal balance, credit card or bank account.
What is the cost of PayPal?
There is no cost to list PayPal as well as to transfer from the Bank Account to PayPal Account.
Users will be charged a small fee to:
* Personal PayPal account, will be charged if you accept payment by credit card.
* Premier or Business account, will be charged each receive a payment.
2 comments:
saya juga dah punya akun paypal, mas. sayangnya, jumlah pundi2nya kok nambah2, ya, hehe ...
Paypal benar2 bisa melindungi kita dari transaksi online
terima kaish ats share infonya mas..
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