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2008-06-26

Electronic Currency


Pay pal is an e-commerce business allowing payments and money transfers to be made through the internet. It is also an European bank based in Luxembourg. It is also known as a form of electronic currency.Pay pal performs payment processing for online vendors, auction sites, and other corporate users for which it charges a fee. Pay pal is a wholly subsidiary of ebay. Ebay watched the rise in volume of online payments and realized its fit with online auctions.

Currently, pay pal operates in 190 markets, an manages over 164 million accounts. Pay pal allows customers to send, receive, and hold funds in 19 currencies worldwide. The domain of paypal.com attracted at least 260 million visitors anually. Pay pal or other methods of electronic currency works by selecting paypal when checking out at online stores worldwide. Paypal will pay directly from the account balance or linked bank account or even charge it to your credit card. This ensures security, recipient gets the money without seeing sensitive financial details
like your credit card or bank account numbers. Users may also keep track of every transactions on pay pal.

Pay pal is accepted at most of the world's top online stores. One can now check now any websites with confidence without exposing financial details. Pay pal has even protection against unauthorized payments. With this post i also include a link of a video on how to use pay pal which may prove to be helpful for those who plans to do any online shopping

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