Paypal eWallet

The US company PayPal, which emerged in 1998, is a pioneer in the online payments market. It was bought by eBay in 2002. Already since 2006, the company has been growing rapidly, and it now has official European banking authorisation. PayPal now has nearly a hundred million customers worldwide. The company now occupies a leading position in the market for online commerce.

The firm was originally called Confinity. In 2000, it merged with X.com, founded by Elon Musk. A year later, the firm was renamed, and it began to grow vigorously.
From the beginning, the idea behind the firm’s operations was to pay for currency using an e-wallet. Today, however, the system offers a host of features that allow finances to be sent anywhere in the world. Today, the company has more than 192 million registered users.

How to use PayPal

First you have to create an account. The registration process is very simple.

For registration you need to enter your e-wallet address and password. Then attach your card to your personal account, and you can log in to the service using your email address during each purchase. Using your card to pay via Paypal, you don’t have to constantly enter your personal information. All you have to do is attach the card to your account and make transactions in a few clicks from your mobile phone or computer.

PayPal customers may contact support service at any time. To do this it is enough to go to the corresponding section. It is also possible to contact support operators via a hotline. There is also a form of contact through online mail – 24 hours a day, 7 days a week.

Transactions via PayPal

Starting in September 2015, a new platform called PayPal.Me was launched. Thanks to this service, it is possible to transfer funds via a link. In this case, the seller sends a link to the buyer requesting the transfer.
It can be sent via text messages, email or other means of communication. Today PayPal.Me operates in 18 countries. They include: America, England, Germany, Canada, Australia, Russia, Turkey, Poland and others.

Transferring of funds is made in the same way as withdrawing a regular deposit. To do so, simply go to the online institution’s page, set PayPal as the means of payment. Then fill in the form in the pop-up window and the money will be transferred to your personal account. Withdrawal is carried out in the same way.

There is no fee to register or open an account. In America you can send funds via PayPal or bank account for free. You will only be charged a transfer fee if you make a personal payment via debit card or credit card. A fee of 2.9% of the amount will be charged. You can top up your account through PayPal free of charge. If a cheque is required in addition, a fee of $1.50 will be charged.