What PayPal is and how it works

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PayPal is the most important means of the market as a payment system, due to its possibilities and its ease of use. In addition there are other services such as; Moneybookers and Google CheckOut that compete with PayPal for leadership, How they wanted to try media like Yahoo !, BidPay, PayDirect, and even the eBay BillPoint .
PayPal is an online payment system, which offers the possibility of making commercial transactions on the Internet, such as buying products, paying for services and receiving money, through the PayPal account with a bank account or a credit card .

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It is a system that presents a simple platform in its use, since in order to access a PayPal account, it is only necessary to register on the web using an email address.
This way you can send and receive money through the email account, without having to use cash. Likewise, that money can be transformed into banknotes through a conventional bank account. For that it will be necessary to check which are the adhered banks and the credit cards that allow to use the service.
Xoom also offers a similar service, which is ideal for use in countries where PayPal has failed to enter.

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One of the pillars of PayPal's success is the important guarantees it offers. For users who make purchases through this system, PayPal allows them to make their payments through their credit cards or bank account, under strict confidentiality.
For sellers, the system offers a means of collection with low transaction fees. By including PayPal on a company's website or online store, you can access a greater number of active buyers on the Internet.

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