Paypal is an e-commerce business allowing payments and money transfers to be made through internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.
As an online financial transaction broker, PayPal lets people send money to each other's email addresses. At no time will either party see the other's credit card or bank information.
Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties. With multiple guarantees in place, buyers and sellers entrust PayPal with their credit card and bank information. PayPal keeps that private customer information secret. Then, while "blinded" from the other party's confidential information, strangers safely send money to each other through PayPal and email.
Requirements you need to have a Paypal account:
- a valid email address
- a valid credit card or bank account
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