PayPal payment system


Payment system PayPal allows all its users to choose the most convenient way to pay, it includes credit cards payments, payments from bank accounts, PayPal Smart Connect or using account balance. This system gives you a possibility to purchase all around the world, without opening your private financial information to seller. All you need is your receiver's e-mail. Receiver even can have no account in PayPal system, he can create it when payment is received. PayPal is the best payment method to purchase on eBay.com.


There are three types of accounts currently available in the system. These are Personal Accounts, Premier Accounts and Business Accounts. The personal account is intended solely for personal use. With it, you can make direct transfers to friends or customers. With this account you can not make payment by credit card. Account allows you to make transactions within the payment system. There is a restriction in account imposed on the amount of cash flow, which is five hundred dollars per month. If the account is unverified the limit is set to one hundred dollars a month. Exceeding of the limit could be followed by the account blocking. Premier Accounts are for those clients who commit big money turnover. This account allows to accept payments from credit cards. Business accounts are used by legal entities. Invoices are issued on behalf of the company, which includes the logo and company details.


PayPal fees:


‣ No monthly fees to maintain a PayPal account
‣ Free to open a PayPal account
‣ Online purchases:
- send payment free
- receive payment 2,4% - 3,4% + $0,30 USD
‣ Personal payments:
- free when you use your PayPal balance
- 3.4% + $0.30 for credit card payments (either the sender or recipient can pay this fee)

System Security


Security is provided through the connection security protocol Secure Sockets Layer (SSL). The length of the code in this case is 128 bits. Funds from the card will be charged with the code. When withdrawing money it is necessary to enter a password along with the email address of the confirmed account.


Benefits of using:


  • - To deposit money to a credit card, which must be pre-attached to your wallet
  • - Receive money transfer from your partners
  • - Use other payment systems to transfer funds, including kiwi, Webmoney and others
  • - Buy a temporary virtual card tied to the account.

List of countries that cannot receive payments within PayPal system:


Azerbaijan, Anguilla, Angola, Armenia, Aruba
Benin, Bolivia, British Virgin Islands, Brunei, Burkina Faso, Burundi, Bhutan
Democratic Republic of the Congo, Djibouti
Egypt, Eritrea, Ethiopia
Falkland Islands
Gabon, Cape Verde Islands, Cambodia, Chad, Comoro Islands, Cook Islands, Guyana, Gambia, Guinea, Guinea Bissau, Georgia
Kazakhstan, Kirghizia, Kiribati
Laos
Mauritius, Mauritania, Madagascar, Mali, Maldives, Marshall Islands, Micronesia, Mongolia, Montserrat
Namibia, Nauru, Nepal, Niger, Netherlands Antilles, Nicaragua, Niue, Norfolk Island
Papua New Guinea, Pitcairn Island
Republic of the Congo, Rwanda
Samoa, San Tome e Principe, Swaziland, St. Pierre and Miquelon, Senegal, Saint Vincent and the Grenadines, Serbia, Solomon Islands, Somalia, Surinam, Sierra Leone, Sri Lanka
Tajikistan, Tanzania, Togo, Tonga, Tuvalu, Tunisia, Turkmenistan
Uganda, Ukraine
Vanuatu, Vatican City
Yemen
Zambia

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Popular exchange directions of PayPal:

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Also you can learn more information about Perfect Money payment system or cryptocurrency Bitcoin.