Paypal

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Paypal

  1. 1. Nuruzzaman Milon(IT09006)
  2. 2.  The history of PayPal How the service works Transaction type PayPal Fees Competitors of PayPal Complains PayPal‟s future
  3. 3.  Co-Founder: Peter Theil Elton Musk Theil was a security lawyer and a optiontrader. Musk was a engineer and a model fromSouth Africa. PayPal was founded in December, 1998.
  4. 4.  Enter the recipient‟s email address, which istheir unique identifier (like a bank accountnumber) in the PayPal system. Enter the desired amount and chooserecipient‟s currency. Select payment type – either „Onlinepurchases‟ or „Personal payments‟. Click „Continue‟– sender will be prompted tolog in to his account to confirm transection. E-mail notification to the both party.
  5. 5.  Personal Transaction Buy Sell Transaction Business Transaction
  6. 6.  Free to open a PayPal account. Free to shop online in the UK atthousands of websites. Free protection wherever you shop withPayPal, so in the unlikely event that anitem doesnt arrive or isnt what youexpected, you can get your money back. Free to send money in the same currencyto anyone in the UK when you use yourbank account or balance.
  7. 7.  Free to download the PayPal App on youriPhone, Blackberry and Android whichyou can then use to check your balance,send money to friends and family anddonate to charity. Free to add money to your PayPal balancefrom your bank account. Free to make a standard withdrawal fromyour PayPal balance to your bankaccount.
  8. 8.  Float; PayPal re-invests funds that sit inmember‟s PayPal account. The charge approximately 2.5% of thedollar amount of the recipients of PayPaltransfers.
  9. 9.  Purchase Pay- Free. Get paid- 1.9% to 3.4% + €0.35 EUR. Personal Taransfer From PayPal Balance- Free. From other Debit or Credit card- 3.4% + €0.35EUR. The sender decides who pays this fee.
  10. 10.  MoneyBookers, Alertpay, Payza,eMoneyMail, Ecount, payMe.com,CheckFree, Gmoney.com, Moneyzap,PayPlace.com etc. PayPal simply does the transaction better,cheaper and faster than the rest. They also had the first move advantage.
  11. 11.  Poor customer service. Credit protection policies are flimsy. The aprox. 2.5% charge is too high. “Double Taxation” on third party sitelike- eBay, Amazon. Moreover tons of complains can be foundon these sites- www.aboutpaypal.org www.paypalsucks.com www.paypalwarning.com
  12. 12.  “PayPal has a bright future.”- TechCrunch They are considering branching out into afull fledge online bank with manybooking products. They will continue their successfulintegration with many e-commerce sitesand service providers.

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