PayPal is an electronic commerce service which was founded at the beginning of the 90's. When first launched it was known as Confinity.
The most used payment method on eBay.
In 2002 PayPal was acquired by eBay, one of the biggest electronic commerce companies worldwide. In fact, the vast majority of eBay payments are carried out via PayPal.
What can be done with PayPal?
PayPal allows you to carry out purchases on the Internet or send money to any user. But not only is it a secure payment method for buyers, it also has advantages for possible vendors which can include this payment method on their website.
To sum up, you can:
- Pay for your purchases on the Internet without providing your bank data to the vendor.
- Send money without knowing someone's bank account.
- Pay on eBay and other sites.
Try out PayPal for free if you want to buy on the Internet.