PayPal is the largest debit e-money system allowing payments and money transfers to be made through the Internet. For today PayPal is available in 190 countries and has over 153 million registered users. The system supports up to 24 different currencies. The system start time is 1999. The owner of the system - PayPal Inc. (USA, San Jose, CA), PayPal is a branch of eBay from the 2002. PayPal is a secure and simple way of transferring/receiving money in the Internet. The system offers payment methods via credit card, bank account, PayPal Smart Connect or e-Wallet.
The PayPal system advantages:
No country restrictions;
Speed and reliability payment processing;
High-level user account security;
The most common method of payment on eBay: 90% eBay sellers accept payment through PayPal only; additional services for eBay buyers and sellers from PayPal);
Automatic exchange rates (conversion can be effected both PayPal as well as bank of money remitter;
Real-money transactions only