paypal

1. PAY PAL
k.Thuvarakan
Computing
Batch no
XXIV

2. What is pay pal
History of pay pal
Why use pay pal
How its works
Advantages
Disadvantages
Contents

3. What is pay pal
 Pay Pal, the trusted leader in online payments,
enables buyers and businesses to send and
receive money online. Pay Pal has over 232
million member accounts in 190 countries and
regions. It's accepted by merchants
everywhere.

4. History of pay pal
 Founded in 1998 by peter theil and max
levchin.
 In 2000 focused on internet banking
operations.
 acquired by eBay in July 2002 for $1.5 billion.
 They developed partnership with various
companies.

5. Why use pay pal
 Faster than sending orders.
 Helps to keep safe financial information.
 Merchant tools and services are free to use.
 Accepted on most leading E-business sites.
 Payment can be made locally.

6. How its works
 Act as a middleman for customer and sellers.
 Accounts types : personal
premier
business

7. Advantages
 You don’t have to give your accounts details
for merchants.
 Ease of set up
 Saving time
 Pay Pal is guaranteed against fraud

8. Disadvantages
 The hidden fees
 Strict rules and locked accounts
 Bad customer service

10. References
 What Is Pay Pal? Available at<www.pay
pal.com/hk/cgi=bin/webscr?cmd=xpt/Marketin
g/popup/OLCWhatIsPayPal-outside>
accessed on 09/12/2014.
 The advantages and disadvantages of
using pay pal available at
<http://www.ebay.com/gds/The-advantages-
and-disadvantages-of-using-paypal-
/10000000015232997/g.html> accessed on
10/12/2014.