Paypal

Founded in 1998, PayPal, an eBay Company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution.

PayPal has quickly become a global leader in online payment solutions with 40 million account members worldwide. Available in 38 countries around the world, buyers and sellers on eBay, online retailers, online businesses, as well as traditional offline businesses are transacting with PayPal.

PayPal has received close to 20 awards for technical excellence from the Internet industry and the business community at large -most recently the 2003 Webby Award for Best Finance Site and the 2003 Webby People's Voice Award for Best Finance Site.

Located in San Jose, California, PayPal was acquired by eBay Inc. in October, 2002.

Account Types PayPal offers three types of accounts: Personal, Premier, and Business ALL accounts include these basic features:

• Send Money
• Request Money
• Auctions Tools
• Website Payments
• Money Market
• Virtual Debit Card
• Account Insurance
• Downloadable Log
• Email-based customer service

Premium Features:

• All the Core Features
• Do business as yourself, under a corporate name, or group name
• Accept unlimited credit card payments
• Payment Receiving Preferences
• Subscriptions
• ATM/Debit Card
• Mass Payments
• Multi-User Access *For Business Accounts
• Advanced Downloadable logs
• PayPal Shops
• 7 day-a-week toll free customer service

So what are the differences?

Personal Account:

• Send money for FREE
• Receive money for FREE (non-credit card payments only)
• Can upgrade to a Premier account at any time

Premier Account:

• Send money for FREE
• Receive any type of payment, including credit cards, for low fees
• Exclusive customer service hotline 7 days a week
• Special tools for sellers
• ATM debit card for select users

Business Account:

• Includes all the features of Premier accounts
• Do business under a corporate or group name
• Can have Multiple Logins

You can read more about Paypal on their homepage https://www.paypal.com. Here you will find all information regarding your paypal account, how to set it up and how to use it. Do not rush through this information; make sure you understand exactly how to use paypal before you use it.