Popularity of PayPal

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Popularity of PayPal

Introduction

PayPal is a famous business and online payment method that has been in heavy use for the past 10 years. It was started by eBay, an online merchant portal, to provide a payment mechanism. It provides the users of the payment systems to get a PayPal account which can be linked to the bank account of the users. Then, both buyers and sellers of products and services online can use PayPal as a convenient payment mechanism. Most of the online websites and stores allow payment to be made through PayPal. However, its popularity stems from its endorsement and requirement by eBay for all transactions. It is not possible to buy something through eBay without using the PayPal.

It is also very convenient to establish a PayPal account. It only takes about 5 minutes to develop a PayPal account and link it with your email and bank account. Then, the users can both make and receive payments online conveniently. Furthermore, now PayPal is also offering a debit card which can be used to draw funds from the account. The fundamental benefits of PayPal are its convenience, wide acceptance for online payments, and safety and security. It is not always possible to use the credit card to make payments online. Then, PayPal can provide a convenient and secure way to make those essential payments.

Popularity of PayPal

The popularity of PayPal is mixed. While some agree that it is a very good online payment mechanism, others abhor it and might only use it under a compulsion. While PayPal is undoubtedly very well known among the consumers, it is not necessarily liked by the sellers. Even when it might be popular among the buyers, a recent poll indicated that it was the fifth most popular payment mechanism out of ...