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What is Paypal?

Paypal is the lowest costing and provides the most options available for sending and receiving payments online with out exposing yourself and your private info to the world
(Over 43 countries). It is also the biggest free payment company in the world. It is available for just about every country to use.

Paypal was found in 1999 and was designed for Ebay customers to transfer that they either bought or sold. And now it is the of the top forms of payment used not only just on Ebay buy through many other big website like Amazon.com as well as smaller business.

So How Does Pay Pal Work?

Basically Paypal is a system to where anyone not just business. Paypal will allow you to send money to someone for free through e-mail. The only down side to Paypal is if you would like to receive money you have to sign up for a free account. There are two main different types of free account you sign up for (Personal and Business). Most people sign up for a personal account because they don't really send or receive a lot of money. I would recommend that you sign up for a Business account because you can send and receive more.

How Much Does it Cost?

One thing that draws people to Paypal is that it has very low fees compared to sister programs. They only charge about 2 to 4 percent plus additional 30 cents per payment received and they charge nothing to send money. Wow! Isn't that cool? Most other companies charge twice that amount to do the same thing. Now which one would you use?

Special Features!

Over the past few years Paypal has added many new and cool feature to its service such as:

Pay Per Referral - Paypal now will pay you $5 for every new customer that you bring them. It doesn't matter how much that person send or receives they pay you a onetime flat fee of $5 per referral. Cool Right?

Merchant Account- Now you can use this to run your own online business or for your own private home run business. Send payment request via email. They also now have many new buttons for you to add to your website if you are an online marketer like my self. You can also add shipping cost and other fees to the invoice you send out to your customers all at a click of a button.

Is it Safe?

Actually Paypal is very safe and is used by over 8 million people every year and growing. On thing that make Paypal very safe is the provide sellers and buyers insurance up to $100,000 if someone messes with their account with out their permission.

In the end I would say that Paypal is one of the best free money transfer companies out there today. They have so many good things that they can offer you. Well I hope you have enjoyed this article and hopefully you got a little more insight into what Paypal is.

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