: PayPal is a safer, easier way to pay and get paid online. The service allows anyone to pay in any way he/she prefers, including credit cards, bank accounts, buyer credit or account balances, without sharing financial information.
PayPal has quickly become a global leader in online payment solutions with more than 164 million accounts worldwide. Available in 190 markets and 17 currencies around the world, PayPal enables global ecommerce by making payments possible across different locations, currencies, and languages.
PayPal has received more than 20 awards for its excellence from the internet industry and the business community -most recently the 2006 Webby Award for Best Financial Services Site and the 2006 Webby People's Voice Award for Best Financial Services Site.
Located in San Jose, California, PayPal was founded in 1998 and was acquired by eBay in 2002.
: Is PayPal secure and how it works?
: Yes. PayPal uses SSL technology to keep your information safe. In addition, when you send a payment using PayPal, the recipient won't receive sensitive financial information like your credit card or bank account number. In this way, you don't have to worry about paying people whom you don't know.
PayPal is designed from the ground up to be a safer way to send money online. PayPal doesn't expose or sell your financial information to merchants.
How it works.
1. Your sensitive financial information is securely transfered to Paypal servers.
2. When you use PayPal to pay online, you provide only your PayPal email address.
3. The merchants/retailers receive payment from PayPal without ever seeing your financial information.
: Do I need a Paypal account in order to use Paypal
: No, you can pay using Paypal without registering, all you need is a valid credit card.