Paypal Review

Updated 07.04.2020

PayPal is a well-known worldwide distribution platform. This service is a way to protect yourself against the theft of bank details and information when buying and paying online. Leave your bank details to PayPal and they will guarantee security in your bank transfers. You can ask your bank for the 2000 service
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Category : Social Networking
Developer : PayPal Holdings, Inc.
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One of the first profitable companies owned by renowned businessman Elon Musk is PayPal. PayPal Holdings, Inc. is a global online payment system based in the USA. USA It processes consumer wire transfers and serves as an electronic alternative to traditional payment methods such as checks and money orders. PayPal is one of the largest online payment companies in the world.

The company acts as a payment processor for online sellers, auction sites and other online business users, and even physical stores, for which it charges a commission and interest. This method of payment has become necessary by facilitating the transfer of money between different people quickly and conveniently. Many people use it to pay money abroad, and almost all major shopping sites also offer it as a payment method.

In addition to being convenient, the PayPal method also protects you from identity theft when you shop online. If you haven't thought about this, now is the time to report, because all you can do is take preventive measures. Rather than the usual practice of disclosing your information, card numbers and more, this will prevent misuse by keeping your data and bank information in a safe place. The PayPal website is secure and has monitoring systems, and of course everything is very well encrypted to prevent fraud.

Founded in 1998, PayPal went public in 2002 and became an eBay affiliate the same year.

The company is headquartered in San Jose, California, based in Omaha, Nebraska, and the European Union Operations Center in Dublin, Ireland.

It was originally founded under the name of Confinity in 1998 by Max Levchin, Peter Till, Luke Nosec, and Ken Howary. In March 2000, Confinity merged with, an online banking company founded by Elon Musk. After merging with, the name was changed to PayPal in 2001.

One of the first locations was 165 University Avenue in Palo Alto, California, where several Silicon Valley companies were created. PayPal was generally a money transfer service via PDA. But online payment has become a more attractive business. An aggressive marketing campaign that offered the first $ 10 and then $ 5 for enrollment resulted in a sharp increase: from 7 to 10% per day between January and March 2000.

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Price: Free
Category : Social Networking
Developer : PayPal Holdings, Inc.
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PayPal can not be considered as a bank, so it is not governed by the same laws as banking entities. Despite this, PayPal must obey the rules of the United States Treasury Department and the Financial Services Authority of the European Union. Some of the rules are to prevent money laundering and unauthorized transactions (Reg E).

Unlike traditional banks, where the customer receives a return for having their money deposited in their account, PayPal does not offer any interest for this concept.

It should be noted that PayPal has a buyer protection policy of up to USD 2,500 (or equivalent in another currency), where problems of "Article not received" or "Article very different from that described" are covered, including not only the price of the item but also the shipping costs. This type of protection is only valid for certain purchases where they are not included, for example, intangible items, services, vehicles, etc ... Point 13 of the PayPal Terms of Service provides more detailed information on buyer protection.

For each transaction, PayPal charges a variable commission of between 1.9% and 3.4% + 0.35 EUR to the recipient of the money.

There are several tricks that hides this implementation that can be very useful:

- Start buying

- Verify your account

- Open different accounts in different currencies whenever it is within PayPal.

- Upload money to the PayPal account.

- Security level .
- Some people refuse to use it.

- Charge of a commission to the seller for using PayPal as a payment platform.

- Make a payment to another person or company (the buyer does not pay more than the price set by the seller).


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