Title: shubham999 (2)
1A Definitive Guide To PayPal - Online Payments
Made Easier
2INTRODUCTION
- PayPal Holdings, Inc. is an American company
operating an online payments system in the
majority of countries that support online money
transfers, and serves as an electronic
alternative to traditional paper methods like
checks and money orders. The company operates as
a payment processor for online vendors, auction
sites, and many other commercial users. It
charges a fee in exchange for benefits such as
one-click transactions and password memory. - Established in 1998 as Confinity, PayPal had its
initial public offering in 2002. It became a
wholly owned subsidiary of eBay later that year,
valued at 1.5 billion. In 2015, eBay spun off
PayPal to eBay's shareholders. The company ranked
204th on the 2019 Fortune 500 of the largest
United States corporations by revenue.
3HISTORY
PayPal was originally established by Max Levchin,
Peter Thiel, and Luke Nosek in December 1998 as
Confinity, a company that developed security
software for handheld devices. It had no success
with that business model, however, so switched
its focus to a digital wallet.The first version
of the PayPal electronic payments system was
launched in 1999.
4What Is A High Risk Merchant Account?
A High Risk Merchant Account is any business
that, for any reason, presents a higher risk of
fraud to the credit card processor. While this is
usually due to the nature of the business itself,
it can also occur if the business owner has
particularly bad credit or the business caters to
customers deemed to present a higher risk of
fraud. Every processor has its own set of
criteria for deciding whether a business
classifies as high-risk. Thus, a business might
be deemed high-risk by one processor, but not by
another.
5What Is A PayPal Merchant Account?
A merchant account is a bank account that accepts
payments in several ways. Mostly used for
businesses, merchant accounts can accept payments
through several means, from debit and credit
cards to cash deposits and transfers. This makes
it easier for customers to make purchases and pay
through whichever means is most suitable or
comfortable for them.
6PayPal provides use the ease to send money and be
confident
7What Is A PayPal Merchant Account?
- Even though Paypal is an online payment
processor, it has found a way to process payments
using credit and debit cards, just like a
merchant account, making it easier for its
entrepreneur users to get payments from their
customers.The firm operates on a global scale,
and they discovered that small scale
entrepreneurs are faced with debit and credit
card payment problems.In reaction to that, Paypal
made grounds for these entrepreneurs to receive
payments by creating Paypal merchant services. - What exactly is it? Its a platform made to help
merchants and entrepreneurs receive payments on
their Paypal accounts can online transfer and
other payment methods as well.
8CONTACT US AT 5 STAR PROCESSING TO OPEN A PayPal
MERCHANT ACCOUNT - https//5starprocessing.com/pay
pal-merchant-account/
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