PayPal is a helpful financial tool that permits you to conduct transactions online without entering your business details into every website that you use. You link your credit card and or your bank account into PayPal, and then add to, or withdraw from, a safe and private money pool.
You can transfer funds from your bank account into your PayPal account, and then the funds are accessible to you at any time or you can, with the storage of your credit card or your bank information can call for the funds at point-of-sale. You do have another option, which is PayPal credit where you have a line of credit with PayPal, utilize the funds available, and then pay the account monthly.
Shop at retailers who accept PayPal or send money to other users. You do not have to involve your credit card or bank in the account specifics at all in the transaction. So many websites accept PayPal as payment, and it is easy to use. You can even use it to shop on sites like eBay. And the best part is that it is hassle-free.
B. TiffneyComputer Engineer, M. Tech, Southeast Montgomery
Computer Engineer, M. Tech, Southeast Montgomery
Answered on May 23, 2019
PayPal does not have any other full form. The word PayPal is not an acronym for anything. PayPal is an electronic commerce company which helps you to perform payment and fund transfer from one party to another party. This is done on the internet. If you want to have a PayPal account, you must first register on their website.
Before you can start making use of your account, your identity must be provided in fact, you will need your national identity number. PayPal is a trusted e-commerce company and you don't have to worry about your money being stolen.
If you are sending or making a payment to someone, you will need to confirm the identity of that person before you can have a successful transaction. PayPal also offers other services like sending of digital gifts to your friends, loved ones but you will definitely pay for it.
There's no full form of PayPal. PayPal is an electronic commerce company which ensures payment and money transfer to be possible between two parties through the internet. PayPal allows its users to open accounts on their website which after the confirmation of the identity of the user and the proof of funds sent or received, the user is free to send and receive payment.
On PayPal, every transaction you choose to make is secured, because you would not need to disclose all your account details. PayPal became acceptable worldwide after eBay used it as a payment facilitator, as a result of its wonderful services, eBay enjoyed using PayPal in 2002, eBay acquired PayPal as it's official transfer service for its website. PayPal is now being used globally. PayPal also offers other services, through PayPal you can send a digital gift to your loved ones once you have made a deposit into your PayPal account, PayPal will convert it a digital gift.