PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet: it is the oldest e-wallet of the net.
PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders and represents the main option of payment online ( like Neteller and MoneyBookers ) .

	HOW IT WORKS?

To access PayPal's services, you must register at the site in the same way we've seen for Moneybookers and Neteller.

A PayPal account can be funded with an electronic debit from a bank account or by a credit card.

The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account or to their credit card.
PayPal is the oldest example of a payment intermediary service that facilitates worldwide e-commerce performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee: it sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount).
The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type.

	BENEFITS AND FEES

speed, ability to send money around the world very quickly;

security and anonymity (remember that during online transactions with PayPal is used and have exclusive e-mail instead of bank details or credit card);

no fee: the Paypal account is free;

To open your free account with PayPal click on the logo below: