PayPal

PayPal, December 1998 by Peter Thiel and Max Levchin established. Is a headquarters in SAN jose, California, allowing the Internet services in use E-mail to identify the user identity between the traditional transfer funds, avoid the mailing cheques or remittance method. PayPal also and some e-commerce sites cooperation, become their one way payment; But the use of such payment transfer, PayPal charge a certain amount of fees.

Basic introduction

PayPal is highly global millions of customers of payment in international trade collectibles, instant payments, instant tools to zhang and win global. You can immediately after registered PayPal start accept credit card payments. As the world's first online payment service PayPal is more than 2.2 million to the world you open the door of the users of the most efficient way. The biggest advantage is that registered completely free! PayPal is eBay's company, account of senior management function, integrated so you can easily control every transaction details. Now, PayPal has in global 190 countries and regions support up to 24 currency transactions. In multinational trade, PayPal to eBay for you provide safe and efficient one-stop payment plan, set the international popular credit CARDS, debit CARDS, electronic checks payment at a suit. Help buyers and sellers to solve all problems during the trade payment. Currently in multinational trading over 90% of the sellers and the buyers over 85% approval and are using PayPal electronic payment business.

Parent company profiles

Its parent company ebay is the world's largest e-commerce online trading platforms, 2008 sales hit $8.5 billion, profits exceed $1.7 billion, e-commerce godmother: Meg Whitman

Employees more than 15,000 people. Legendary CEO e-commerce godmother Meg Whitman put this only 30 employees and revenues of $400 million only small companies into multinational enterprise giant ranks, she broke the glass ceiling of the commercial world, ten years eBay won the 2000 times growth.

Ebay is a open era of enterprise, enterprise's history is industry of history, enterprises to formulate rules that industry rules. Ebay in e-commerce field trading rules formulated with the stock market trading rules formulated with the same meaning. Ebay in global failed market is China and Japan.

By Meg Whitman leading the process of the takeover PayPal twists, turns and long purchase price from $3 billion to 15 billion dollars of rising takeover finished, this market is about a bid to eBay 8% (July 2002), to eBay is concerned, it eventually become a sum of extremely good deal. Today, in providing online payment solutions, PayPal is a global leader. In the first three quarters of 2009, it is in the world the market has 190 dabbling in the first quarter, its total, this amount paid more than $17 billion, about 10% of the total online business.

PayPal pay process

Through PayPal payments to pay a sum licensee businessman or gathering person, can be divided into the following several steps:

1. As long as there is an E-mail address, the payer can login, verified through open PayPal account become their users and provide the credit card or related bank material, increase account sum that a certain amount of money from its when opening an account registration account (such as credit card) transfer to PayPal account.

2. When the payer start when the payment process to third parties, must first enter PayPal accounts, designated specific remitted amount, and provide the payee email accounts to PayPal.

3. Then PayPal to businessman or send E-mail, notice the payee or transfer the wait to get the payments.

4. Such as businessmen or the payee is PayPal users, its decision to accept, the drawee after the payment is assigned to the payee returnees.

5. If businesses or the payee no PayPal accounts, chamberlain may, in accordance with the PayPal E-mail attachment stand into web content instructions registered made a PayPal account, chamberlain can choose to convert the cheque payment has sent to the designated place, turn to their personal credit card accounts or into another bank account.

From the above process can see, if the payee is PayPal users, so that the money will import the PayPal account, he has no PayPal account if the payee and inform site will be sent an email, guide the payment to PayPal website registered a new account. So, also have said the sale mode is having a "email virus type" commercial development way, thus making the earth holds the roll PayPal market.