PayPal: Difference between revisions
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* [http://www.PayPal.com PayPal.com] | * [http://www.PayPal.com PayPal.com] | ||
* [http://en.wikipedia.org/wiki/Paypal PayPal's Wikipedia page] | |||
[[Category:Money transmitters]] | [[Category:Money transmitters]] | ||
Revision as of 21:49, 23 March 2011
PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. A PayPal account can be funded with electronic debits from a bank account, from a payment card or by receiving a money transfer from another PayPal member. Funds in a PayPal account can be withdrawn to a bank account or by sending a money transfer to another PayPal member.
Fees
The fee for transferring money to another PayPal member can vary based on options. The typical transaction charge for PayPal is $0.30 per transaction plus 2.9% of the amount transferred. The transaction charge is deducted from the payment amount. A "personal, payments owed" transaction to another PayPal account where the recipient's account is not a business account will incur no transfer fee. International payments will incur an additional currency exchange fee of 1%, in many instances.
PayPal operates in 190 markets worldwide.