2. The history of PayPal
How the service works
Competitors of PayPal
Theil was a security lawyer and a option
Musk was a engineer and a model from
PayPal was founded in December, 1998.
5. Enter the recipient‟s email address, which is
their unique identifier (like a bank account
number) in the PayPal system.
Enter the desired amount and choose
Select payment type – either „Online
purchases‟ or „Personal payments‟.
Click „Continue‟– sender will be prompted to
log in to his account to confirm transection.
E-mail notification to the both party.
7. Free to open a PayPal account.
Free to shop online in the UK at
thousands of websites.
Free protection wherever you shop with
PayPal, so in the unlikely event that an
item doesn't arrive or isn't what you
expected, you can get your money back.
Free to send money in the same currency
to anyone in the UK when you use your
bank account or balance.
8. Free to download the PayPal App on your
iPhone, Blackberry and Android which
you can then use to check your balance,
send money to friends and family and
donate to charity.
Free to add money to your PayPal balance
from your bank account.
Free to make a standard withdrawal from
your PayPal balance to your bank
9. Float; PayPal re-invests funds that sit in
member‟s PayPal account.
The charge approximately 2.5% of the
dollar amount of the recipients of PayPal
Get paid- 1.9% to 3.4% + €0.35 EUR.
From PayPal Balance- Free.
From other Debit or Credit card- 3.4% + €0.35
The sender decides who pays this fee.
11. MoneyBookers, Alertpay, Payza,
eMoneyMail, Ecount, payMe.com,
CheckFree, Gmoney.com, Moneyzap,
PayPal simply does the transaction better,
cheaper and faster than the rest.
They also had the first move advantage.
12. Poor customer service.
Credit protection policies are flimsy.
The aprox. 2.5% charge is too high.
“Double Taxation” on third party site
like- eBay, Amazon.
Moreover tons of complains can be found
on these sites-
13. “PayPal has a bright future.”
They are considering branching out into a
full fledge online bank with many
They will continue their successful
integration with many e-commerce sites
and service providers.