Tuesday, September 20, 2011

2.2 Enabling Global Payments at PayPal

Online shoppers know how easy it is to buy something online, but when it came time to make your purchase sending cash or checks through the mail was not accurate and/or took a long time. By inventing PayPal makes online shopping a quick and easy way to transfer money. When it comes time to make a payment for a web product the customer just enters their credit card number in and it will automatically charge the money to your account. I think PayPal has been so successful throughout the world is because people trust this method because it is a quick and easy way of transferring money to another account. In security customers information is confidential and secure. PayPal has increase their globalization by expanded clients to abroad and is charging fees for payment processing for a wide variety of online vendors. They also offer special merchant accounts for transferring large amounts of money.

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