About PayPal

General information About PayPal

PayPal is an online banking service that millions of people use to send and receive money via the internet. Over the past few years PayPal has become the number one preferred online banking service for places such as eBay and Amazon among many other websites and online markets. There are currently three types of accounts offered through PayPal. These accounts are personal, premium and business. While all accounts are free to sign up for, the premium and business accounts do have fees involved for receiving money, although you can still send money for free. Once you have determined how you plan to use your PayPal account you can determine which account version will be best for you.

PayPal’s Popularity

Since PayPal makes it so easy for users to send and receive money online it is not at all surprising that millions of people have active accounts. At the end of 2006 there were more than 100 markets across the world that were boasting registered PayPal users. This extensive banking solution is operational in more than fifteen countries which include the United States, Austria, Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands, Poland, Switzerland and the UK.

PayPal also supports payments from over 100 markets in 17 global currencies. Some of the currencies that they support include Euros, Pounds Sterling, Czech Koruna, Danish Krone, Hungarian Forint, Norwegian Krone, Polish Zloty, Swedish Krona and the Swiss Francs. Given the wide reaching support that PayPal offers it really is no wonder that it has become the number one online banking solution in the world.

Setting Up a PayPal Account

Setting up a PayPal account is as simple as registering. Once you have provided your information you are ready to begin receiving and making payments online. You can use your credit card or your bank account for PayPal deposits or you can use any money that you receive from selling goods or services online. There are currently millions of dollars in payments that are made through PayPal accounts each day.

If you sell things on eBay or Amazon then you can use that money that is in your account to pay for things that you want to buy online. Using a PayPal account gives you the power to pay for purchases from other websites instantly which will ensure that the products or services you order are shipped to you much sooner.

The PayPal Debit Card

PayPal also offers a debit card to interested individuals and companies. By registering for a Premium account you can have a debit card which is usable at millions of ATM locations around the world. This PayPal debit MasterCard can also be used just like a credit card. You can use it online or at traditional stores to pay for things that you need to purchase.

Having a debit card is an excellent way to ensure that you never leave home without the money that you need. Whether you opt for the debit card or you simply want a normal account with PayPal it truly is the easiest and safest way to send and receive money online.

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