What is PayPal? And How Advantages PayPal As Payments Online Transaction?

Thursday, April 21, 2022

What is PayPal? And How Advantages PayPal As Payments Online Transaction?

What is PayPal

What is PayPal? PayPal is popular tools as a payment tools for online transactions that can be made in all countries in the world as a virtual bank account that serves financial transactions between countries. PayPal users can send funds to other people with a PayPal account.

PayPal was first launched in 1999 founded by Peter Thiel and Max Levchin functions as a place to store money digitally. In addition, PayPal accepts payments from credit cards securely without having to go through the merchant submission process to a local bank.

In addition, PayPal can also be used to pay for online transactions such as online shopping, bank transfer, buying bitcoin, buying game vouchers and paying for household needs. PayPal makes users more comfortable transacting without having to queue, for example if someone wants to send money through a local bank and has to come to the nearest bank before operating hours closed.

Before using PayPal as online payment tools Users must register to create a PayPal account. What is required?

1. Sufficient internet network
2. Email or Phone Number
3. Bank Account / Debit / Credit Cards
4. Personal Identity

After registering and already having an account, you will usually be directed to a profile page to fill in personal data such as telephone numbers, addresses and full names. The PayPal account used must also be verified in account by verifying the bank referral code or credit card in order to get premium facilities in your PayPal account.

The advantage of having a PayPal account is that users can make payment transactions from different countries and this is a great choice for freelancers who use PayPal as a virtual bank. In addition, PayPal does not charge a monthly fee like other conventional banks.

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