1. DEFINING PAYPAL 1.1 About PayPal PayPal was launched in 1998 as an online transaction method where users can pay and receive money online. It’s located in San Jose, California and eBay acquired it in 2002. Users can pick their preferred payment methods such as credit cards, bank accounts, PayPal balance, PayPal plus credit cards and PayPal buyer accounts do their transactions without revealing their financial information. It has a user base larger than 152 million globally and available in 24 currencies and 203 markets across the world [source: PayPal]. So PayPal is recognized as one of the fastest, safest and easiest way of doing online transactions and already received a number of global awards (more than 20) so far. 1.2 How it Works To use PayPal users need to have a PayPal account. Creating a PayPal account is a fast, easy and free process and just to create Then the PayPal showed up with answers to both these issues. Once the users enter their details they never want to reenter those repeatedly except they want to chance or update those details in which saves a quite a bit of time and minimize the hassle. And most importantly PayPal never share our financial details with the sellers or merchants. It acts like a one safe middle layer and once the users sign up with it with all required details users have the freedom to do their online shopping peacefully without worrying about their most important financial information leaking out. This came as a big relief for the online buyers and they gradually moved into PayPal and now it has an active customer base larger than 153 million globally. Apart from these two features Pay Pal offers some other features as well such as sending and requesting money, paying with the mobile, PayPal credit and sell online. All these features make the users flow into PayPal and PayPal became a disruptive innovation over the previously main online payment method which is credit
The use of credit cards is much more dangerous than use of checks or cash. Paying with cash is very easy; for knowing how
FedEx provides shipping services through FedEx Express, Ground, Freight, Custom Critical, Trade Networks, and Supply Chain (FedEx, 2014). Tracking and package management services are available for all services through fedex.com (FedEx, 2014). FedEx also shares knowledge of shipping best practices on its website (FedEx, 2014). FedEx Office is another division of FedEx, where customers have an in-store option for taking care of their shipping, copying, and printing needs (FedEx, 2014). FedEx connects our global economy by linking 99 percent of the world’s GDP (FedEx, 2014). FedEx Express services every US address, as well as 220 other countries (FedEx, 2014). Some of the corporation’s new services include FedEx Delivery Manager and One Rate (FedEx, 2014). FedEx Delivery Manager is a service that is tailored to the needs of the recipient of a package (FedEx, 2014). FedEx One Rate is simply that, flat-rate shipping without the weighing and measuring (FedEx, 2014).
It is easy to use portable and the transactions are done through Internet so very there is very less chances of robbery.
To send $1,000 via Paypal from one account to another, the cost would be $29.30
One of the greatest opportunities for Amazon is an Online Payment System. The online system allows the company to reduce transaction fees and increase ease of use for their customers. Internet sales are increasing at a fast pace. This is a product of increased fuel prices, which make driving to a store less likely, and foreign purchases. This development allows foreign purchases to buy clothing as it becomes more popular abroad. Amazon’s biggest competitors can include retail stores that online stores such as Target, Best Buy, and Walmart among others, these can be considered the most dangerous for them since they have strong market share and can be a direct competitor since they attack the same market. Amazon wish to compete in prices, offering
Not only are there many ways to earn free money, they also allow you to receive payments in many forms, from PayPal payments, to checks, gift cards, magazine subscriptions and more. Perhaps the best part of this site is that you do not have to wait to receive payment, there is no minimum requirement to collect. Yes, you can withdraw money even if you have 1 cent in your account.
Inspired by credit cards, they introduced plastic cards as a substitute to the books but this time people had to buy the cards. User base declined drastically. They held on to it when the merchants asked them to come online. Portal followed suit along with its physical card business, Snap deal was hence introduced to the Indian ecommerce industry.
Setting up an e-commerce store and filling it with products is simple to do. There are plenty of free open source
However, since shopping online has also become the latest trend of purchasing products, online shoppers nowadays tend not to be as skeptical as they were before when it comes to giving out their personal and credit card information. Well, definitely not today as online shopping is considered to be one of the safest and the most convenient ways to purchase products. Personally, I always see to it that I keep myself updated and informed with the latest products and new technology online that are on sale – with a very few clicks. With this, I have learned that the best and fastest way to owning good products and best buys is through online shopping.
You have a choice of paying by cash, debit card, online account or credit card. If you do not have money in your bank or online accounts, then either you go without, or you use your credit card. But, what about the people who have money in their bank account and still use their credit card.
Mobile payment is payment services operated under financial regulation and performed via a mobile device. Numerous definitions have been introduced by scholars of Mobile Payments field one of the popular “Mobile Payments are payments for goods, services, and bills, invoices with a mobile device (such as a mobile phone, smart-phone, or Personal Digital Assistant) by taking advantage of wireless and other communication technologies (such as mobile telecommunications networks, or proximity technologies)” (Dahlberg et al., 2008)
PayPal is an account-based system that allows anyone with an email address to send and receive online payments. This service is easy
Due to the increasingly common act of smartphone payment, to protect yourself, be sure to have a password on your phone, and don't leave personal information easily visible on your phone.
One has a bank account with the net banking facility and when your bank also provide you with e payments facilities.
Dwolla set out to provide a low cost payment service that businesses may use so that they do not need to charge an interchange fee. They also set up their business so that their private customers could use their credit cards with new companies without having to pay interchange fees. The short answer is that they charge nothing for electronic payments. You are allowed to send and receive money for free with a Dwolla account, which is only partially true for PayPal holders.