√ What is the PayPal Payment System?

What is the PayPal Payment System?

Wednesday, December 26, 2018

The development of the era of digital technology has changed many aspects of the line of human life, from being physically shaped to being digital and even now connected online. No exception, one of which is a transaction activity (whatever the type of transaction) , in which the first must be to bring together all parties in one place, can be done without them having to meet physically. As a result, a variety of new services are present to bridge the various types of activities, one of which is PayPal services that are involved in the field of financial transactions.

What is PayPal?

Broadly speaking, PayPal is a company that provides financial transaction services using electronic mail as a substitute for old methods that still use paper, such as checks and money orders. This digital company in the financial sector has a base in the United States, precisely in San Jose, California. In its history, this company is the result of a merger between Confinity and X.com, which was conducted in 2000.

The company was once an eBay company as a payment system. However, with the reason to increase its capacity, the company also parted ways with the online auction company. At present, the company has several financial services, both personal and corporate, which can even be accessed through a variety of devices, including desktops and mobile devices that use the Android and iOS systems.

PayPal advantages

Secure

As a service related to finance, PayPal will protect every financial information from its user account by implementing an encryption system, so that users do not need to trade hesitantly even if they do not know who the transaction opponents are.

Flexible

Besides being able to be accessed anywhere and anytime, users can also link various types of bank accounts, so they can pay with one of these bank accounts. In fact, users do not need to have money in their PayPal account.

Easy

PayPal has a feature called One Touch. With this feature, users can make transactions on websites and mobile applications, using only one touch.

Protected

By using services from PayPal, users will be protected if something unwanted happens. One of them is Buyer Protection, which can be used to return funds if the item does not arrive, or with Refunded Returns, which can be used to return shipping funds to send goods back if it is not as ordered.