Analysis of PayPal PayPal is an online payment system that utilizes encrypted software. Users can make purchases, receive money for goods and services sold, or simply pay someone back, without sharing their banking information. Users can link a credit card or a bank account to their PayPal account; they can also transfer funds to their PayPal account and utilize the money in that account. This information system stores and maintains recent activity and historic activity on the account. Companies such as EBay, Apple, Express, Target and many other companies allow the use of PayPal on their websites. When using PayPal instead of the regular checkout process the only information provided to the site is the email address associated with the PayPal
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Another sub-options is pay for goods and services. These two options allow users to send money to anyone using an email address, phone number of a name even if the person does not have a PayPal account. In addition to the sub-options above there is a way to send an email reminding someone who owes money to pay back the money they owe. To speed up the process even more there is a sub-option that allows personnel to get a Paypal.Me link and share it to get money within seconds.
The wallet option and the shop options are the last two online options. The wallet option shows users the amount of funds in their PayPal account, shows the bank account or credit cards linked with the account, and allows them to add additional bank accounts or credit cards. The shop option provides special offers businesses that are partners with PayPal.
Additional features for businesses include the PayPal card reader, the EMV chip reader, and merchant processing application. The PayPal card reader is an encrypted device the plugs into smartphones and allows businesses process payments using the merchant processing application. The EMV chip reader allows the use of swipe or chip card reading to process payments for goods and services using the merchant processing application as …show more content…
The amount of money it costs to start a business will remain the same, however with a PayPal card reader or the EMV chip reader will save businesses money on buying the expensive credit card readers. Businesses save on purchasing information systems to help them manage their business information and managing business activity. The PayPal merchant credit card rates are lower than some banks, also banks are skeptical of startup businesses, and those skeptics usually leads to higher interest rates or denial of a merchant credit card. PayPal provides that opportunity to most businesses that
Another sub-options is pay for goods and services. These two options allow users to send money to anyone using an email address, phone number of a name even if the person does not have a PayPal account. In addition to the sub-options above there is a way to send an email reminding someone who owes money to pay back the money they owe. To speed up the process even more there is a sub-option that allows personnel to get a Paypal.Me link and share it to get money within seconds.
The wallet option and the shop options are the last two online options. The wallet option shows users the amount of funds in their PayPal account, shows the bank account or credit cards linked with the account, and allows them to add additional bank accounts or credit cards. The shop option provides special offers businesses that are partners with PayPal.
Additional features for businesses include the PayPal card reader, the EMV chip reader, and merchant processing application. The PayPal card reader is an encrypted device the plugs into smartphones and allows businesses process payments using the merchant processing application. The EMV chip reader allows the use of swipe or chip card reading to process payments for goods and services using the merchant processing application as …show more content…
The amount of money it costs to start a business will remain the same, however with a PayPal card reader or the EMV chip reader will save businesses money on buying the expensive credit card readers. Businesses save on purchasing information systems to help them manage their business information and managing business activity. The PayPal merchant credit card rates are lower than some banks, also banks are skeptical of startup businesses, and those skeptics usually leads to higher interest rates or denial of a merchant credit card. PayPal provides that opportunity to most businesses that