The PayPal online payment system is one of the best internet treasure today. PayPal (LINK:www.paypal.com) is an e-commerce business that allows payments and money transfers to be made through internet.
PayPal
Anyone can create PayPal account. The only things that is required to create a PayPal account is an email address. The PayPal account can then be funded with either from a bank account or by a credit card.
On the other end, the recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. The whole PayPal online payment concepts make it an example of a payment intermediary service that facilitates worldwide e-commerce.
According to an article in wikipedia.com, PayPal currently manages over 180 million account, with more than 70 million active accounts. Operating in 190 markets, PayPal allows customer to send, receive, and hold funds in around 19 currencies worldwide. During the Q1 2009, PayPal manage $643 million with total payment volume approaching $16 billion.
