PayPal
hidePayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.
A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.
PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount). The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type. In addition, eBay purchases made by credit card through PayPal may incur a "foreign transaction fee" if the seller is located in another country, as credit card issuers are automatically informed of the seller's country of origin.
On October 3, 2002, PayPal became a wholly owned subsidiary of eBay. Its corporate headquarters are in San Jose, California, United States at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Scottsdale, Arizona; and Austin, Texas in the U.S.; India; Dublin; Berlin, and Tel-Aviv. As of July 2007, across Europe, PayPal also operates as a Luxembourg-based bank.
For more information about PayPal, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with paypal
American Express takes aim at PayPal with Revolution
Nov 22, 2009 |
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With its deal to buy Revolution Money, American Express is taking aim at the growing market for online and alternative payments, in a challenge to recognized leader PayPal, analysts say.
A growing PayPal could soon overshadow parent eBay
Nov 04, 2009 |
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(AP) -- Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will likely be PayPal, the online payments ...
PayPal courts outside developers
Nov 04, 2009 |
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PayPal has opened its software platform to outside developers in a move designed to unleash a flood of creative uses for the online financial transaction service.
EBay 3Q net income falls, but revenue rises
Oct 21, 2009 |
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(AP) -- Despite a 29 percent decline in third-quarter net income, eBay Inc. saw stronger revenue in its marketplaces businesses, suggesting that efforts to revitalize its main Web site are gaining traction ...
PayPal opening doors to outside developers
Oct 21, 2009 |
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PayPal plans to throw open the doors of its software platform to enable outside developers to build innovative tools using the online financial transaction service.
Review: Password management eases with Net storage
Aug 12, 2009 |
2 / 5 (1) |
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(AP) -- Do you use your kids' names? Your pet's? Your favorite color? We all use some dumb passwords that are too easy to guess.
PayPal outage frustrates merchants, consumers
Aug 04, 2009 |
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(AP) -- PayPal suffered periodic breakdowns that crimped Internet sales for more than four hours Monday.
Economy keeps hurting eBay as 2Q profit falls
Jul 22, 2009 |
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(AP) -- The recession continued to hurt eBay Inc. in the second quarter, as earnings and revenue fell amid a sales decline in the main online marketplace, overshadowing growth in the PayPal online payments ...
Twitter hacked by old technique -- again
Jul 15, 2009 |
3.8 / 5 (4) |
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(AP) -- Breaking into someone's e-mail can be child's play for a determined hacker, as Twitter Inc. employees have learned the hard way - again.
Some Twitter staff accounts reportedly hacked
Jul 15, 2009 |
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A hacker believed to have struck celebrity Twitter accounts previously has reportedly broken into accounts of the microblogging service's workers including co-founder Evan Williams.
Guatemalan court rules in favor of tweet author
Jul 10, 2009 |
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(AP) -- An appeals court found insufficient evidence to warrant the trial of a Guatemalan whose Twitter message led to his arrest on charges of inciting financial panic.
Online shoppers leaving purchases behind
Jun 23, 2009 |
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People shopping online are likely to bail out on planned purchases before making the final click to submit their orders, often because they are surprised by high shipping costs and other fees, according to a new survey out ...
Twitter charity a fistful of Twollars
May 28, 2009 |
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You don't have to be a Twillionaire to donate to a charity in the Twittersphere.
Botnet Hijacking Steals 70GB of Data
May 05, 2009 |
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(PhysOrg.com) -- Security researchers have uncovered one of the most notorious zombie networks, the Torpig botnet, by collecting 70GB of data that was stolen in just 10 days.
EBay 1st-qtr profit, sales fall on weak economy
Apr 22, 2009 |
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(AP) -- EBay Inc. said Wednesday the weak economy contributed to declines in both earnings and revenue for the second consecutive quarter, but the online marketplace operator beat analysts' expectations.
