PayPal is a subsidiary company of eBay, the well-known internet auction site.
It was originally set up to allow secure transfer of funds between users of the auction
site but has developed into a worldwide means for buyers to use their credit or
debit cards securely to pay sellers who do not have facilities to accept such payments
PayPal acts as an intermediary between buyer and seller. The buyer pays the
agreed amount to PayPal, using his credit/debit card and PayPal then transfers
the credit to the seller's PayPal account. The seller can use the credit to
purchase items via PayPal or can transfer the funds to his bank account.
The service is entirely free to the buyer. PayPal deducts all the transfer
and currency exchange costs from the seller's account. Because of this, I
have to make a surcharge of 5% on PayPal transactions.
Registering with PayPal
Both buyer and seller must be registered with PayPal before a transaction can
take place. To register, go to https://www.paypal.com
Click on Sign Up Now and follow the
PayPal instructions. Everything is now straightforward.
In order to make a payment via PayPal, you will also need to know that the
email address I have registered with PayPal is
Note: the above email address is a graphic and cannot be used as a link.
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