Paypal is undoubtedly the most popular online payment service on the world wide web. It allows any individual, from almost anywhere in the world, to instantly transfer money electronically to any recipient with an email address - through the internet.
Any person can use it to buy products on shopping and ecommerce sites or to pay for various web services. It's an excellent and easy-to-use alternative to the traditional credit cards, checks and money orders.
Lots of web based merchants support this payment method and accept Paypal orders on their shopping sites. These online vendors will gladly take your e-payment for any of their offerings.
Paypal stores enable you to buy things that you need or want anyway, with the money that you've been
accumulating in your account.
Such websites can easily be identified either by displaying the Paypal logo on their pages or simply by stating it on their main or FAQ page (usually under the "Payment Methods" section).
The ability to easily send and receive funds through the net (both locally and internationally) has turned Paypal into one of the most popular forms of payment and transaction processing methods worldwide.