Pay your pal (paypal.com)

Member Name: badders-si

Product:	paypal.com
Date:	27/10/08 (49 review reads)
Rating:

Advantages: Speed of transfering money

Disadvantages: Does have critics about its security

If you are buying on the internet the i am sure you will have come across "Paypal" payment option. If you have even wondered what this is and how it can help you.
Well Paypal is a way of transfering money to pay for something on the internet. It is aimed to stop you from having to use cheques and postal orders to pay for items bought on the internet. Therefore speeding up the time it takes for the seller to get the money into their account.

Paypal is most notable used on internet auction site Ebay. You will find it the prefered way of payment on Ebay for many of the auctions. Paypal currently has over 160 million accounts world wide and is used in many countries. Recently more and mroe online companies are allowing paypal to be used to complete the purchase of items for their websites.

It is currently one of the safest way to transfer money from person to person. Paypal uses the persons bank account or credit card details to make sure that the money is transfered using the paypal account.

Paypal lets you send money to anyone who has an email address.

It boasts 100% protection against unauthorized payments sent from your account.

Some of the online companies that now accept it include ;
Ebay
Avon
Dell
Itunes
McAfee
HP
Skype
Virgin mobile

Paypal does charge you some small fees for accepting money in some cases.

Go to Paypal.co.uk to find out more

Summary: If your shopping online you need to get a paypal account