I have always been linked with PayPal from most of my transactions even though have been bitten really hard by them in about at least two occasions. In this article, you will be further enlightened on how PayPal works. Just in case you are not aware, paypal now has a debit card.
Today, everyone knows about the electronic payment systems. They allow you to quickly and easily make payments online, transfer money or make other necessary in the world wide web cash transactions. Of course, many users uses other forms of Webmoney and e-currencies. How is PayPal different from them and why is it so popular in the world?
Electronic money: what is it, where can you get them and how
There arose the need for electronic payment systems With the advent of the Internet. It’s an opportunity to make a purchase or pay for a variety of services in a few mouse clicks and without the need to run to the nearest bank branch. In addition, it would be good to make all of these secure actions without risking losing money.
Today, many banks offer the ability to access your accounts online. So that the purchase and payment for most services can be performed easily and naturally into place. That’s only if you want to order the item from eBay or other western store, your hometown bank card may not be suitable. But for many years there are payment systems that operate around the world.
In the beginning of the year 2000 in the United States papal came into being as a result of the merger of two companies the word paypal was formed. Literally translated, the phrase sounds like “Pay pal”. By the way, a pleasant fact: some of the founders of paypal came from the CIS countries. The company immediately began to participate in online auctions, and after a couple of years after the establishment was absorbed by the giant eBay. However, after 13 years of “living together”, in mid-2015 PayPal has finished the process of separation, so as not to lose their position on the market and continue to develop dynamically. Today the payment system serves almost two hundred states, and in its arsenal almost 25 different currencies. PayPal users are more than 200 million people around the world. Compared with the same Webmoney, wherein the number of accounts has approximately 30 Mill.
What is the main advantage of the system?
PayPal has the fact that today every user is looking for in the network – high level of security. If any transaction first-class protection is provided by both the seller and the buyer.
The creators of the system did not rest on their laurels and improve services always. For example, in 2015, became available to service users PayPal.me. The latter gives the ability to create personal pages for later payment acceptance.
Register at PayPal and its particular system
However, to join the number of users is not so easy. At the very least, much more difficult than to create an account on any social network or even purse in Webmoney. It’s worth noting that all the information is entered in English, Another interesting point. Your ID is the email address that is registered on the account. So it would be better to have a separate e-mail for this purpose with the correct name and a strong password. But do not use popular email services such as mail.ru, mailinito… Upon registration system generally asks for $ 1. Should not be afraid, this is the card for verification and after a time the money will be refunded.
So, in order to become a registered user, you need to have or to open an account in a safe large bank because the account is tied to it. As with any payment system, here in the course of the various types of commissions. Therefore, in advance sit down and examine all possible options to removal of additional funds did not become an unpleasant surprise for you. Even the binding of additional credit card to your account can cost money. But the network has a sufficient number of specialized exchange services, which again do not forget about the commission system. In Nigeria for example, you can only send out money but you cannot receive money with your paypal account. To be able to use a fully functional paypal account from Nigeria, you will need to open and verify it from a supported country.
Let us briefly summarize the main advantages and disadvantages of PayPal.
- speed of transfer of funds
- Global (access almost anywhere in the world)
- Security (your personal data will not be shared with third parties)
- Opportunity to shop and to work in the western segment
- When purchasing through PayPal have the opportunity to return the money in the production of low-quality goods
- Certain difficulties in deriving the funds and funding the account for the territory of unsupported countries like Ghana, Nigeria…
- The minimum set of services available for most countries of the former CIS