PayPal

We have selected the web's foremost payment service, www.PayPal.com, to process many of our payments for us. We think you'll appreciate the security and ease of the transactions you do with them. PayPal lets you withdraw funds from your credit cards and/or from your bank accounts, and it also allows other people to send you money that goes directly into your bank account.

If you are making monthly payments for your membership, PayPal will take care of all your monthly transactions for you. (The day of the month that you make your first payment will be the same day of the month that your future payments will be made automatically by PayPal.) And you can manage your PayPal account online, adding or cancelling any payments as you see fit.

When you initially set up your account, you'll be sent to a secure web site where you provide PayPal with your name, address, email address, and your preferred payment method (that is, your credit card number and/or bank account number). PayPal performs a number of double-checks to ensure that your account is safe and secure, and that no one else will have access to it. You are then able to make and/or receive as many payments as you desire at no charge.

Here's how PayPal describes itself:

PayPal enables any business or consumer with an email address to securely, conveniently, and cost-effectively send and receive payments online. Our network builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution. We deliver a product ideally suited for small businesses, online merchants, individuals and others currently underserved by traditional payment mechanisms.

We seek to become the global standard for online payments, offering our service to users in 37 countries including the United States. We have over 12 million registered users, including more than 2.2 million business accounts. Our account base is growing by an average of 18,000 accounts per day, with virtually no traditional sales or marketing.

The size of our network and widening acceptance of our product has helped us become the leading payment network for online auction websites, including eBay. PayPal is also being increasingly used at other e-commerce sites, for the sale of goods such as electronics and household items, the sale of services such as web design and travel, and the sale of digital content. Offline businesses, including lawyers, contractors and physicians, have increasingly begun to receive payments online through PayPal. PayPal's service, which lets users send payments for free, can be used from PCs or Web-enabled mobile phones.

PayPal is a privately held company headquartered in Palo Alto, California. PayPal was a Webby Award nominee in both 2000 and 2001, and was named a Forbes Favorite Website in the magazine's May 2001 "Best of the Web" issue.




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This page was last revised on October 2, 2016.
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