Shopping & Ecommerce / 326 views

Online payment service for individuals and merchants. Allows users to send money and bills to anyone with e-mail. PayPal operates worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.