PayPal is by far the safest and easiest way to pay for goods or services and to also recieve monies online. The service allows anyone to pay in any way they choose, including credit cards, bank accounts, buyer credit or account balances, without compromising your personal financial information.
A basic PayPal account is free to anyone. You can send monies to anyone with an e-mail address, whether they have a PayPal account or not. They will then get a message from PayPal about the funds, and then they just have to sign up for their own account to withdraw.
Funds that are transferred through PayPal stay within a PayPal account until the bearer of the funds retrieves them or makes purchases with them. If the user has entered and verified their bank account information correctly, the funds can then be transferred directly into their bank account.
The currencies that PayPal use are as follows, the Australian dollar, Canadian dollar, Chinese renminbi yuan (only available for some Chinese accounts), euro, pound sterling, Japanese yen, Czech koruna, Danish krone, Hong Kong dollar, Hungarian forint, Israeli new sheqel, Mexican peso, New Zealand dollar, Norwegian krone, Polish zloty, Singapore dollar, Swedish krona, Swiss franc and U.S. dollar.
Sites that currently use PayPal as a method of payment are Betfair, Bwin, Ladbrokes, PaddyPower, Victor Chandler and WilliamHill, not forgetting that they also deal with Ebay transactions. As it now becoming a preferred means of payment you can expect the list of companies that use PayPal to grow even larger.
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