What is Paypal and What are the Advantages of using Paypal ??

What is Paypal and What are the Advantages of using Paypal ??

What is Paypal:-  PayPal is the world's largest online payment network. It is the best and secure method for online transaction and it has more benefits then the other mode of payments. With the help of Paypal you can easily send and receive international payments online. It is very much popular in well developed countries just because of it's lowest cost. Nowadays all merchants accepted Paypal as their mode of payment for online purchase. If you also want to use, you can sign up for free with just an email address and password.

Paypal

Let's talk about the Advantages of using Paypal:-

1. Safe and Secure:-  As I have already said that this is the best and secure method for online transaction. When you sign up on paypal, you will be asked to store details of your bank accounts, credit cards numbers & whatever details you have. After that you will never be asked for these details while purchasing through Paypal. Your bank details and credit card number will not be shared with the merchants online payment portal. These details will be in private security with paypal.

2. Flexibility:- Whenever you made purchase online using paypal, it will automatically debit money from the bank account or credit card which you have stored in paypal accout, you will not be asked to fill bank account number, credit card number, expiry date, etc., And these details will not be shared with any website or any person. So it is very much flexible to use.

3. Transfer Money:-  Paypal is the best method to transfer money to the person who are living abroad with very less processing fee. ofcourse there are so many methods availabe to transfer money but they will charge more amount as processing fee as compared to the paypal. Paypal user can instantly transfer money to them with the click of mouse. So we can say that paypal is the best for sending money.

4. Cost:-  Ofcourse Paypal is cost free. You don't have to pay any annual membership fee, processing fee & service charges. For personal account it is free with minimum amount of withdrawal for every month, but for commercial purposes you will have to pay for this.