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PayPal lets any business or
consumer with an email address to securely, conveniently, and
cost-effectively send and receive payments online. The PayPal network
builds on the existing financial infrastructure of bank accounts and
credit cards to create a global, real-time payment solution. PayPal has become a standard for online payments, offering services to users in 38 countries including the United States. PayPal has over 20 million registered users, including more than 3 million business accounts. |
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The size of the PayPal network and widening acceptance of its service
has helped PayPal to become a major payment network for e-commerce
internet sites for the sale of various goods, the sale of services, and the sale
of digital content. Online businesses, including Geologic Resources, are receiving payments online through PayPal. PayPal's service,
lets users send payments for free and can be used from PCs or Web-enabled
mobile phones. |
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PayPal was recently acquired by eBay, and is located in Mountain View,
California. PayPal is the 2002 SIIA Codie Awards winner for "Best
eCommerce Solution" and is recognized by PC Magazine as one of
"The Top 100 Web Sites."
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