Last Updated: Aug 24, 2007
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PayPal allows buyers to send cash to anyone with an email address using a credit card or checking account. The service allows people to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. Has 100 million active accounts in 190 markets and 25 currencies around the world. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore.
Buyers may send cash to anyone with an email address using a credit card or checking account. The recipient gets an email that says "You've Got Cash!" Recipients can then collect their money by clicking a link in the email that takes them to https://www.paypal.com
1.9% to 2.9% + $0.30 US per transaction
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