What is PayPal and Types of Paypal Account || WebTech ||SAHIL2107||

What is PayPal 

PayPal is a Popular American Company. It runs an online payment service worldwide. It allows an ordinary person or a trader to transfer and receive funds in an electronic way.

This is a great option for traditional paper methods such as checks and money orders, which people used to use earlier.

Through PayPal, any trader can transfer his or her money anywhere and anywhere in the world in an easy and secure way.
When a person starts doing online business, he needs a means to send or receive his payment.

Generally when we have to pay, we pay with our credit card or Debit Card, but if we want payment, then we have to get help with payment services such as PayPal or Google wallet.

• PayPal is the oldest and most trusted online payment service. PayPal service allows us to transact national and international money through internet.

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• PayPal today has 100 million member accounts in 190 countries of the world. This suggests that with the use of PayPal today, people across the country trust their money with ease.

• No special technology or license is needed to transfer money from PayPal, most important is to create an account in it, have a valid e-mail id and bank account.

• Actually PayPal works via e-mail addresses. how? Let's now know about it. Before this let's know about its type

Types of Paypal Account

Personal Account

Since its name is personal, it is very easy to know that these accounts are used for personal use.

Premier Account

Compared to Personal Accounts, you can transact credit or debit card payments in unlimited amounts here. But all the payments you receive are charged above.

Business Account

These accounts have been designed specifically for businesses. Which you can operate in a business in the name of a company or group name