Difference between revisions of "PayPal"
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| − | . | + | '''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 Funds in a PayPal account can be withdrawn to a bank account or by sending a money transfer to another PayPal member. | ||
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| + | ==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. | ||
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| + | PayPal operates in 190 markets worldwide. | ||
[[Category:Money transmitters]] | [[Category:Money transmitters]] | ||
Revision as of 04:09, 9 January 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 Funds in a PayPal account can be withdrawn to a bank account or by sending a money transfer to another PayPal member.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.
