Paypal is a secure method of transferring money over the Internet. Paypal is used by over 283 million users worldwide and currently generates over one billion dollars every year. Paypal works by allowing users to transfer money from one account to another in exchange for a small fee that is taken out of the transfered amount. Users can add money to their Paypal account by connecting it to a bank account, credit card, or some other financial resource. Paypal is currently one of the top services for Internet-based businesses and is accepted by hundreds of retail outlets and online services all around the world.

Paypal Security

Paypal is not only a reliable method of transferring money but is also secure. Paypal takes the highest precautions when handling users’ money and uses both data encryption and user authentication. When users connect their financial resources to Paypal, Paypal then represents the user when transferring money to online services and even other Paypal users. Because Paypal operates in this manner, users never see other users’ financial information and instead see only the email address connected to that specific Paypal account. When a transaction is made, Paypal sends a receipt to the user’s email address so that any unauthorized activity can be seen immediately.

Paypal Balance Manager

The Paypal Balance Manager is a very detailed accounting interface that allows users to see how much money they currently have in their Paypal account, all pending transactions, money that has already been received, and money that has been paid out via the Paypal account. Paypal Balance Manager can also provide the user with a full report about how much money he/she has received and transferred in the past week, month, six months, year, or any customized time period that the user has chosen.

Paypal Debit Card

The Paypal Debit Card is a debit card that is sponsored by both Paypal and MasterCard. The Paypal Debit Card essential allows the user to take his/her Paypal account from the Internet into the real world. Because the Paypal Debit Card is sponsored by MasterCard, it is accepted anywhere that MasterCard is. The Paypal Debit Card can be used at any ATM, retail store, or restaurant and does not charge the user any fees for using it. The Paypal Debit Card is relatively easy to receive and simply requires a Verified Paypal account (a Paypal account that has been connected to a bank account) and a quick credit check. Once approved, the user can expect his/her personalized Paypal Debit Card in the mail within 2-4 weeks.

Paypal Shopping

As Paypal has become such a vast and popular financial institution, it is both accepted and admired by a wide variety of businesses. While Paypal can be used at virtually any retail outlet or restaurant via the Paypal Debit Card, any user can take advantage of great deals and savings at hundreds of online stores via a regular Paypal account. Paypal Shopping includes thousands of online retail stores as well as nearly all eBay stores. While savings can be found at any Paypal Shopping outlet at any time, further savings can be found on any major holiday such as Mother’s Day, Christmas, or Valentine’s Day.

Paypal Mobile

Paypal Mobile is an extension of Paypal that allows users to perform common Paypal tasks from their mobile phone. While Paypal Mobile is somewhat limited in its capabilities, it does allows the user to view his/her account balance as well as send and receive money while away from a computer. Paypal Mobile is very convenient and can be accessed by texting commands such as “bal” (for balance) to 729725 (Paypal).