What is paypal?
Answers:
PayPal is a service which acts as a credit card intermediary between the buyer and a small business person. Instead of the business person being set up as a Visa merchant, for example, the business person pays a fee to PayPal. Then when the buyer purchases from that business, the buyer pays through PayPal. The benefit for the buyer is that you don't have to give credit card data to a business you know nothing about and which may be run from somebody's garage with no security for the files. The benefit to the business is that the fees paid to PayPal may be less than would be paid to Visa or MasterCard.
its this site where you donate money in my acct...email me for details
It's a slick service most people who use eBay use to safely transfer funds between individuals. Once registered, you can have a balance, or withdraw or deposit into a bank account or even a credit card. It even comes with a debit card, so you can use it like cash, if someone pays you. Beware though, it is one of the most popular fraud targets, for obvious reasons. NEVER enter any paypal site through an email. They generally don't send out email.
Its a subsidiary of eBay and they are there to steal 3% of your transaction.
It's when you pay your buddy the money you owe him from getting the hookers and coke the night before.
PayPal is how individuals and businesses send and receive money online.
Shop on ebay or with other online merchants, and select Paypal at checkout. The buyer then can make secure payments to the seller by the paypal account.
Pay Pal PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as checks and money orders. PayPal performs payment processing for online vendors, auction sites, such as ebay and other corporate users, for which it charges a fee.
PayPal account holders must be 18 or over with a debit/credit card or bank account and an e-mail address.
Tina
A BIG PAIN IN THE ** !
Founded in 1998, PayPal, an eBay Company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution.
PayPal has quickly become a global leader in online payment solutions with 100 million account members worldwide. Available in 190 countries and regions around the world, buyers and sellers on eBay, online retailers, online businesses, as well as traditional offline businesses are transacting with PayPal.
PayPal has received close to 20 awards for technical excellence from the internet industry and the business community at large -most recently the 2003 Webby Award for Best Finance Site and the 2003 Webby People's Voice Award for Best Finance Site.
Located in San Jose, California, PayPal was acquired by eBay Inc. in October, 2002.
I have a been a paypal user for a number of years and have never had any problems in regards to fraud. It's not only used on ebay but there are also alot of other online businessess that use paypal as well. Paypal is reliable & trusted source
Can PayPal hold my money with no explanation? The answer is YES.
Can PayPal freeze my account for no reason? The answer is YES.
Can PayPal take money out of my account without my knowledge?
The answer is YES.
With PayPal, your money is deposited into a PayPal Account, which PayPal Fully Controls.
Since PayPal is NOT a bank, they do not need to follow federal banking regulations. These regulations are in place to help the "Average Joe" avoid issues like having their bank account frozen for 6 months with no explanation...(Imagine if your bank was permitted to do that!)
Because PayPal is not regulated in the same way as a Real Merchant Account, Paypal accounts are frozen for almost anything and without warning. The account can usually receive money while it is frozen, but it certainly cannot withdrawal money. Once an account is frozen, the funds are often held by PayPal for months on end with Absolutely No Recourse for the merchant.
U.S. District Judge Jeremy Fogel of San Jose refused to dismiss a lawsuit that seeks class-action status on behalf of thousands of PayPal customers nationwide. A common allegation is that the company brushes off or stalls customer grievances for months and meanwhile freezes the customer's account and pockets the interest (So that's how they make their money!). No wonder they freeze so many accounts!
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