Online Money Transfer And Payments By PayPal

PayPal is an ecommerce site that allows money transfer safely via the internet. It is a site for online money transfer and it was launched as an electronic alternative to paying money by traditional methods like money orders and cheques. It is an American company that was founded in 1998 and has in a way revolutionized digital payment methods. This company processes as many 10 million payments each day and is available in more than 200 markets allowing customers to payments in more than 100 currencies. PayPal allows money to be transferred to different parts of the world and customers do not have to share any of them personal bank information, making the entire process safe and secured.

Services offered

This is era of online shopping and the number of online shoppers is increasing exponentially with each passing day and the number of online stores is also increasing and almost each and every thing can be ordered online these days. PayPal makes online shopping safe as you can buy stuffs from the internet using your PayPal account safely. You can make payments to online stores and website easily by being anywhere in the world.
 
If you have a shopping platform in the World Wide Web, you can also tie up with PayPal and have payments from your customers through them. PayPal is a name that is associated with trust and hence, in many cases customers are not sure whether to shop from online stores and share their credit or debit card details. With PayPal, customers would trust you as well. Businesses are known to perform better with PayPal. You can reach to prospective customers and also get paid faster. Payments can be made with a simple touch on the Smartphone.
 
Popularity in India

The use of PayPal accounts in India is not very common and moreover, there are many rules and regulations that have been set up by the Reserve Bank of India on the use of PayPal by merchants and vendors. But t hose rules and regulations have been relaxed a bit, adding to the popularity of PayPal in the country, though there is still a long way to go.

Conclusion

PayPal is being used by more than 148 million customers all around the world and it is one of the most trusted platforms as far as online money transfer is concerned and it is here to stay in the future and its popularity in India is sure to rise with time.

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