There are over 188 million PayPal users to date. Co-founded by Elon Musk, the company was acquired by eBay for $1.5 billion in 2002. Whereas the focus has largely remained the same, the difference between PayPal and its alternatives is the scope and security measures, including the Buyer and Seller Protection services. While you can find all the info on its official site, here are a few of the more important snippets to keep in mind as the end user. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.
How It Works?
PayPal is a web wallet, which can be used for online purchases and payment request, as well as money transfers. Registration is easy and free of charge as all you need is your email address and password. Then every time you make a transaction you can skip entering your financial info altogether. They can process 25 currencies from over 200 countries, and accept most banks and credit cards. Once you link your bank or card, you can pay even when you run out of balance, to add an additional level of security. This is an important feature that most of its competitors, including Skrill and Neteller, don’t offer.
Note that transfers can only be made between PayPal users, who only need the recipient’s email address.
For even simpler payments, use PayPal’s One Touch™, which is a mobile solution that allows you stay logged in and check out without entering your password. You can also download PayPal to your mobile from the App Store and Google Play.
For a credit card alternative, there’s PayPal Credit. It’s a virtual credit card with a limit attached to your PayPal account, which comes with variable APRs of around 17.9%. There are no plastic versions of the card available as of now.
PayPal has a 24/7 security system in place to prevent fraud, email phishing and identity theft. As mentioned above, PayPal also has Buyer and Seller Protection, both of which cover both parties for the full amount.
When it comes to banking fees, PayPal is among the more expensive options in its industry. While payments and money transfers are mostly free, withdrawals, cross-border payments and currency conversions are three of the primary paid services which you should keep in mind. Fees range depending on your country of residence. For the most up-to-date info, be sure to check PayPal site directly.
Although PayPal is used by over 7 million businesses worldwide, it has remained a rare payment method at online casinos.
PayPal is the most popular online payment solution on the market. They offer fast, easy and secure payment services to business as well as customers in over 200 countries. More importantly, they offer Buyer and Seller Protection, which adds additional level of security and peace of mind.
Click to visit PayPal website.
Posted by CCJ Team