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PayPal is a financial technology company that provides online payment services to individuals and businesses.
Its main services revolve around electronic payments, acting as an intermediary between individuals and businesses so you can send money to your friends or shop securely online. PayPal operates in almost every country in the world and has over 360 million active accounts.
There are also affiliated companies within PayPal’s parent group that offer a wide range of financial services, such as personal and business loans and credits.
Since much of PayPal’s business is focused on e-commerce, the PayPal group also includes some companies that support online merchants and consumers by enabling easier returns for online purchases and more.
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How does PayPal work?
PayPal offers payment services to consumers and merchants who accept PayPal. Merchants use a PayPal card reader in physical stores or enable PayPal as a payment option on their websites.
Consumers can pay their bills and transfer money with relative ease. Money can be sent to any email address or phone number, whether the recipient has a PayPal account or not.
Users need an email address to create an account and must provide a credit card, debit card, or bank account to complete the setup.
PayPal will verify the information to ensure that the person creating the account is the rightful owner before using the service.
Buyers can choose the PayPal option to make purchases online if the service is offered by the retailer. Transactions are completed within minutes and the company promises that transfers are instantly available for payment or withdrawal to a bank account.
Before buy verified paypal account us, you need to decide what type of account you want. PayPal offers two types of accounts: personal and business.
Personal PayPal accounts
A personal PayPal account is the most common account for individual use. It’s everything you need to send and receive money or use PayPal for online purchases. This account also allows you to access your purchase history, link new bank accounts, and add credit cards to your account.
Business PayPal accounts
PayPal also offers accounts that allow businesses to accept PayPal payments online, as well as credit and debit cards online or in person, even if their customers don’t have a PayPal account. Service businesses and professionals can also send invoices to customers and receive payments securely online from PayPal.
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