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PayPal

Nowadays the busy society we live in, brought about the convenience of making on-line payments and get the things while sitting on the sofa in the living room or having a lunch. There are so many payment methods you have to choose between that the decision can be really tough. And yet some of them have turned out to be more popular and convenient that the others and PayPal is one of them. Everybody has at least heard the name of this payment method despite not having a clear idea what is it, why is it so popular and so on. Here’s a brief presentation of all the benefits you get by using PayPal to make on-line payments.

How It Works

PayPal is intended to make receiving money and making payments faster. When you confirm your registration you are free to send money to more that 190 counties all over the world, pay the household bills, shop on-line and receive money as well.

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Specifications

It is important to mention that in order to send money, you will be asked for the receiver’s email. In other words, the person you send money to should have a valid PayPal account. Note that depending on the service you want to use, some fees may apply. PayPal is not a federal bank institution so they can hold your money without a sensible explanation. If, due to a misunderstanding, there are any signs that you have committed a crime or a fraud, your account will be immediately frozen.

Creating an account

The website of PayPal well lead you through the short but detailed process of registration where you have to enter you name, you address, phone number, e-mail. The next step is entering a valid bank account. It is really important to enter a valid e-mail address since a verification email will be sent to you. That’s in brief the simple process of registration in PayPal.

Making a payment with PayPal

The process is of making a payment is fairly easy. You just need to know basic details of the institution you are sending money to or the email the friend you are sending money to.

Withdrawing money with PayPal

For the time being such a service is not offered by the developers.

Advantages of using PayPal

Indisputably, PayPal is one of the most popular methods for on-line money transfers. The procedure is fast, simple, time-saving and most important- secure. The safety of your money, personal and bank details is a 100% guaranteed. What’s more, as a PayPal user, you can receive some really appealing discounts for on-line shopping and save a pretty good amount of money. Moreover, the amount of money you send can be automatically converted into more than 20 currencies. You also have the opportunity of keeping up with the payments you made and the money you received. They also maintain round-the-clock technical support line.