Founded in 1998 in the USA, PayPal has gained popularity among users and got numerous customers. Soon after its establishment, PayPal was purchased by eBay Inc, the giant in the market of online bidding. Since that time, PayPal is the most dynamically developing payment system, used by most of the residents of the United States and Europe.
PayPal is available for the citizens of 200 countries, including New Zealand, and the number of its users is over 150 million. It should be mentioned that some payment systems have been shut down because they couldn't stand competition with PayPal. Now it is harder and harder to keep the leading position for PayPal because lots of analogous came out to the market and it’s not so easy to maintain its reputation as before.
About 90% of all sellers of goods and services on the Internet accept payment by PayPal.
The main distinctive feature of this system is that it operates with real money.
Most of the entire payment systems accept various title units and don't work with real money. That’s why the users of such systems can’t participate in eBay biddings and make payments to some online stores.
PayPal connects its virtual account with a bank account or a credit card that lets the users pay in all stores and charge the account and make withdrawals instantly. The users of this payment system can make the following operations:
However, as well as many payment systems do, PayPal doesn't welcome some countries. For example, the residents of the USA, Western Europe, Australia, Canada, and China have access to services provided by the company. Meanwhile, the citizens of Eastern Europe and Russia get a minimal variety of services. Actually, Russians can only make payments if they attach a credit card to the account.
As it is possible to open accounts in various currencies in this payment system, conversion is automatic in case of payments in a different currency. It is very convenient because the user doesn't need to spend any time converting money on his own.
There is another difference between PayPal and other payment systems. Anonymous users are not welcomed in this payment system. It was done because the company appreciates the security of funds of the customers and cares about its reputation as a secure payment system. It is the reason why a user’s account can be blocked in case of any suspicion of lies or unfair deals.
However, such conditions can scare only the customers who have provided unfair information, so you better be correct while filling out the registration form.
Commission taken by PayPal for operations depends on the country of the customer, but on average it is about 1,9% of the payment.
To pass the registration on PayPal, you need to visit their official website first. The user needs to have an active e-mail address and a plastic card or bank account. The registration doesn't take much time and it is quite simple.
During the registration, the customer needs to choose one of three types of accounts:
Of course, the higher the account class is, the more advantages the owner gets. As soon as you pass the registration and confirm your agreement to open an account, you need to activate it by entering your member number. To make it, you need to fill an account with help of a card or bank account.
PayPal is rightfully called the leader among payment systems now. The owners of the company take care of the safety of the customers' funds and make everything to let them feel their money is secured.
PayPal is an American payment system. It has been working successfully since 1998. It is available in over 200 countries.
PayPal is a huge company with millions of customers and partners. It is very trustworthy.
Customers of many internet casinos can make deposits via PayPal. Some gambling websites also offer to withdraw winnings by means of this payment system.
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