What does PayPal mean?
PayPal is the world’s leading payment processing company, being founded in 1998, PayPal dedicating itself to processing payments for merchants. PayPal allows for a rapid method of payment when shopping online, as well as for the transfer of funds between one person and another either for personal or business use.
The setting up of a PayPal account is free and available in most countries in the world. Payment is accepted in many different currencies, and you can opt to set up an account for personal or for business use. Paypal also offers options to make and send invoices for business use, and although some fees are involved in transactions it is recognized as a safe and secure method for the transfer of funds. Business accounts are also able to accept credit cards through Paypal, allowing them to bypass the need for a merchant account, which can sometimes be difficult for a new company to secure.