Friday, February 8, 2008

PayPal

If you havent heard of PayPal, then you must have been living under a rock for the last couple years. PayPal has been around for a few years now, and has grown to be a GIGANTIC enterprise. PayPal is basically an electronic bank, credit card, and a connection to your other bank accounts all at once. You can buy things directly on the internet through paypal, using either their available PayPal funds, a credit or debit card on your account, or your checking account, also on your account.

PayPal has so many features to list! You can turn your paypal account into a Money Market account that you can actively spend from and add to, while earning interest each month, and about 4% interest at that. They have their own debit cards and credit cards as well. They allow you to buy, spend, send money, and check your balance all from your SMS Cell phone text messages. Also, you can transfer the money on your paypal account to your real-world bank account, or vice-versa. PayPal can be used to setup subscription payments (Like for anti-virus' or online games), or one-time payments. eBay is a huge endorser of PayPal and you will have a lot easier time selling on there if you have it, also the convenience of getting paid, immediately after selling the item!


Thousands of businesses are now accepting paypal over the internet. From cars to cell phones, computers, even ordering pizza online. You can pay for anything through PayPal. Overall, I love PayPal, there is just one con that makes virtual goods selling much much harder. Its extremely easy to get scammed out of your money selling virtual goods like Online services, or e-books. If the customer says they didn't recieve what they paid for, then PayPal will refund them their money, with yours. Other than that one con, PayPal is an excellent company and it's something to look into for everyone.

Click Here to go to PayPal's website

My Rating - 5/5

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