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About History and Development Paypal




History and Development Paypal
What is Paypal? Function Paypal?
Paypal Benefits for the World

History and Development Paypal


     Paypal is the largest Virtual Bank Account company with very many users around the world. Paypal is a mainstay of many people to buy and sell transactions, receive money, send money, and save money. Connected with various Local Banks in the World, making it easier to withdraw or fill in the Paypal Balance to a Local Bank.
     Initially founded Paypal was the idea of ​​a company called Confinity which was founded by Peter Thiel and Max Levchin in 1998. However, PayPal officially began to be launched as a new payment system service in 1999 funded by John Malloy of BlueRun Ventures. One year later, in March 2000, Confinity joined Elon Musk's X.com. In June 2000, PayPal continued to grow by introducing new types of accounts intended for business users. This type of account is specifically for users who record high transaction volumes at a fee for each transaction. And the great success of many users who use Paypal Business Accounts. In 2002 Paypal became a bigger company, even Paypal Inc.'s share price reached $ 13 per share. Seeing the success of PayPal, eBay bought Paypal shares at $ 1.5 billion USD. Now, more than 70% of Paypal is owned by eBay as the largest shareholder. Until now Paypal continues to grow and is available in various countries with languages ​​that make it easier for users.

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Benefits of Paypal
     PayPal's role on the Internet is huge because it is the best payment and revenue tool in the world. Many users rely on Paypal as a tool to save money. Paypal is accepted by many large sites such as Advertising, Sales, Services, Domain and Hosting Purchases, all accept payments via Paypal. Paypal benefits for various types of users:

1. Seller
- Paypal is an easy payment method for buyers around the world, so sellers can receive payments easily in a fast time. Buying goods even though different countries are very easy because payments can use Paypal. This is very profitable for Online sellers.

2. Buyer
- Now buying items is easier and more practical by using Paypal, because in Paypal users can use Balance or Credit Card as a payment method. Buyers do not need to use a Local Bank as a payment and get a number of bank transfer fees between countries. Everything is easy with Paypal and almost all merchants are free of charge, even though there is a very small fee.

3. Online Business
- Many sites and smartphone applications that offer online business, such as completing surveys, playing games, watching videos, clicking ads, and so on. All results of online work can be withdrawn using Paypal. This is very useful because the results of each commission can be sent and stored on a Paypal account. Then users can withdraw money from Paypal to a local bank account.






4. Other Users
- Paypal can be used to send money to friends, relatives, families throughout the world. Easy Instant and Fast, Paypal can be used as a tool to send reliable money. Now sending money to the closest person is easier without having to go to the bank or be confused because of different banks.

That's the History and Benefits of Paypal in General, hopefully useful. Thank you for visiting, immediately have a Paypal account. Because it's all free.




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