Paypal Is An Online Payment System Essay

1017 Words Sep 29th, 2015 null Page
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 account. This process eliminates the need to pull out a credit card overtime a purchase is being made.
Characteristics of the Users of the System Anyone can use PayPal, whether it is for business purpose or for personnel use. This system is great for entrepreneurs who sell their goods and services online or even in person. Not only does this system allows them to accept payments from customers it allow them to maintain transaction information, making it easier for the business owner to manage finances. PayPal offers the security of making purchases with your providing personnel information, speeds up the checkout process, provides a way for someone to payback money they owe, and offers discounts from the partnering companies.…

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