PAYPAL

PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to traditional paper methods such as checks and money orders.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account.

Currently, PayPal operates in 190 markets, and it manages more than 228 million accounts, more than 73 million of them active. PayPal allows customers to send, receive, and hold funds in 19 currencies worldwide. These currencies are the Australian dollar, Brazilian real, Canadian dollar, Chinese renminbi yuan (only available for some Chinese accounts, see below), Euro, pound sterling, Japanese yen, Czech koruna, Danish krone, Hong Kong dollar, Hungarian forint, Indian rupee, Israeli new sheqel, Mexican peso, New Zealand dollar, Norwegian krone, Polish zloty, Singapore dollar, Swedish krona, Swiss franc and U.S. dollar. PayPal operates locally in 13 countries. Residents in 194 markets can use PayPal in their local markets to send money online.

The PayPal Buyer Protection Policy states that the customer may file a buyer complaint within 45 days if he did not receive an item or if the item they purchased was significantly not as described. If the buyer used a credit card, he might get a refund via chargeback from his credit-card company.

According to PayPal, it protects sellers in a limited fashion via the Seller Protection Policy. In general the Seller Protection Policy is intended to protect the seller from certain kinds of chargebacks or complaints if seller meets certain conditions including proof of delivery to the buyer. PayPal states the Seller Protection Policy is "designed to protect sellers against claims by buyers of unauthorized payments and against claims of non-receipt of any merchandise". The policy includes a list of "Exclusions" which itself includes "Intangible goods", "Claims for receipt of goods 'not as described'" and "Total reversals over the annual limit". There are also other restrictions in terms of the sale itself, the payment method and the destination country the item is shipped to (simply having a tracking mechanism is not sufficient to guarantee the Seller Protection Policy is in effect)

source: wikipedia.org

It's easy to send money and shop online
You can donate without sharing your financial information
Over 50,000 online merchants accept PayPal

What can I do with PayPal?

You can securely send and receive online payments. Here are other ways to use PayPal:

* Pay for online purchases.
* Accept credit cards.
* Send and request money worldwide.
* Track your online spending.

Can I use a credit card with PayPal?

Yes, you can use Visa, MasterCard, Discover, and American Express with PayPal. Plus, when you pay with PayPal, you do not expose your credit card number to the merchant.

What credit cards can I use with PayPal?

You can use Visa, MasterCard, Discover, and American Express to fund your PayPal payments.

How do I send money?

If you have a PayPal account:

1. Log in to your account at https://www.paypal.com/

2. Click the My Account tab.

3. Click the Send Money tab.

4. Enter payment information and click Continue.

5. Review the details of the payment and click Send Money.

If you do not have a PayPal account, you must set one up:

Here's How:

1. Fill in your first and last name.
2. Select your credit card type.
3. Enter your credit card number, the expiration date, and your card security code.
4. Enter your address, city, state, and ZIP code.
5. Enter your telephone number and your email address.
6. Enter and confirm your PayPal password.
7. Enter the code shown in the box.
8. Click the User Agreement and Privacy Policy links.
9. Click the Agree & Continue button.

To complete the payment:

Here's How:

1. If shipping is required, click the Change link to enter a shipping address.
2. Review your payment details and click the Send Money button. Note: Entering a subject and a note to the recipient is optional.