#howpaypalworks
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What is PayPal and How it Works? – CryptoGuider
PayPal is a worldwide online payment system that was founded in America in December 1998 as Confinity and after one year Confinity merged with X.com. PayPal supports online money transfers. PayPal company serves as a payment processor for their online vendors and auction sites and many other users, and from there, PayPal charges a fee for benefits such as one-click transactions.
According to 2021, PayPal works in 202+ markets and it has 305 million+ registered and active accounts, PayPal provides facilities to their customer for sending and receiving funds in 25 currencies worldwide. With the help of PayPal, people can send and receive money online on e-commerce websites such as eBay, buy or sell goods and services, etc.
PayPal operated Student Account from 2009 to 2016 and allow their parents that set up a student account to transfer money into their account and allow debit cards for student use. PayPal’s aim was that students spend money wisely but due to some reasons, PayPal close Students Account services in august 2016.
Read Article: https://bit.ly/3dqEeBM
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