What is PayPal?
PayPal is a service that allows you to instantly send money to anyone with an email address. PayPal is used by over 6 million members in 26 countries worldwide. The service is completely free and allows you to send money and charge the payment to either your credit card or checking account. In 2005, PayPal processed more than $27 billion in total payment volume and exceeded $1 billion in revenue.
How secure is PayPal?
Sending money through PayPal is instantaneous and PayPal also increases your safety by keeping your financial account information private. You don't have to share your account numbers with CUTS when you send money with PayPal (unlike making a typical credit card payment over the Web or even when you mail someone a check). PayPal just sends an email notice that the money has been transferred to CUTS PayPal account, who never see your credit card or checking account information.
PayPal acquires VeriSign Payment Services. >>>>
PayPal Surpasses 100 Million Account Mark >>>>
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