" Pay It Forward " - is the original name in Russian , is perhaps one of the most influential modern payment systems . In the circle of active Internet users, this is known as EPS short and memorable name PayPal (www.paypal.com).
PayPal story began 12 years ago (1998) when two enterprising graduate of Stanford University ( California, USA ) , Peter Max Levchin Siel and created their own Internet company with the same name. PayPal founders main purpose of your web creations seen in financial services in the field of e-commerce.
Two years of active promotion of PayPal as a convenient payment tool shown downright startling results. Say , by the end of 2000, only a web auctions that use the services of the payment system PayPal, there were (! ) About the 1st million.
This success is an electronic payment system PayPal has not gone unnoticed among potential investors. So , the most influential Internet auction site eBay has been actively lobbying the possibility of acquiring this EPS. However, the rapid purchase failed. Negotiations lasted 2 years before eBay was able to negotiate ransom PayPal. The deal amounted to $ 1.5 billion .
To date, PayPal is the main payment instrument within the internet auction eBay. The vast majority of operations held with the active assistance of the payment order . According to statistics , the annual total turnover of transactions on an auction using PayPal, close to 10 billion cu !
But the services of PayPal uses not only the most respected online auction . Nowadays PayPal payment system successfully operates in over 190 countries -ta . It registered 200 million accounts , half of whom , according to the company , owned by active users. In 2008, the total number of payments made through PayPal, was ( !) U.S. $ 60 billion . At that time it was neither more nor less - 10 % of global e-commerce market .
As regards the electronic payment system PayPal, they are quite traditional - to translate, receive and hold funds in 19 currencies. The most popular of them are considered the euro , U.S. dollar, British pound and Swiss franc. Worldwide recognition of the introduction of EPS caused MUI system. Two years ago (2008) PayPal payment system is now available also in Russian .
Years of successful work in the field of e-commerce PayPal brought fame not only in the immediate circle of users, but also among experienced professionals. The electronic payment system for the time of its activity has received over 20 awards in the field of doing internet business. PayPal several times recognized as "Best Web Site of financial services ." Recall , this title is the most desirable for any web resource dealing with e-commerce.
Regalia , of course, very important, but they do not, primarily interested in the average user PayPal. Capabilities of the system - that is what is of primary interest for him . Completing a simple registration procedure ( becoming a full user) party payment processors in the right to rely on the availability of the following options:
- The transfer of funds to other participants inside the EPS system;
- Receiving payments from other users ;
- Payment for goods and services online , as well as offline ;
- Withdrawal from the virtual accounts and cashing them in real life.
A few words about the registration process . In the course of its future user PayPal system will be invited to make a choice in favor of one of the 3 types of accounts ( virtual wallets ) . We are talking about accounts Personal, Premier and Business. According to the owners of the payment system PayPal, the first type of account is useful to those users who mainly specialize in " shopping " in the network. The second type - will be useful to Internet users who are not only buying but also selling something ( receive payments ) in online mode. As for the third type , its purpose - to serve the needs of serious legal entities ( Internet companies , etc.) , which in the vast " global web " are engaged in some form of e-commerce.
In our opinion , the best option for the average user is the second type - Premier. It seems that it should be enough with the functional head. A more detailed description of the features of each of PayPal accounts can be found in the relevant sections on the official website of the payment system .
In addition to the variability of accounts that are assigned during the registration process , to the peculiarities of the CSE may also include :
- E-mail , which is a direct user account ( taking into account this fact , it is important that e-mail belonged to one of the recognized in the Western world, postal services , say , Yahoo, Gmail , etc.);
- Mandatory binding new PayPal account to a bank account or a plastic card ;
- Ability to use several types of accounts : a combination of the first (Personal) and one optional (Premier or Business). It should be remembered that each of the accounts must use an individual mailbox .
Talking about the merits of the electronic payment system PayPal, we feel the need to mention :
- Increased security of transactions using this CSE ;
- Simplicity of I / O resources from the system, primarily for Westerners ( or direct deposit to the account with a banking institution , as well as the use of plastic cards - Visa, MasterCard, Discover and American Express);
- Loyal commission system ;
- The vast geography of the remittances ( numerous web auctions , online retailers and other e-commerce entities around the world use the services of PayPal);
- The chance to transfer electronic money to persons not members of the payment order .
In this paper, PayPal was seen one major drawback . It concerns the limited interaction with users of the payment system of the CIS countries. Until recently, the CSE does not permit registration of " our brother ." Relative thaw in relations occurred in 2006, when access to the registration was allowed Russians and Ukrainians. Despite this , the full functionality of PayPal is still not available to our compatriots . For example, we still can not directly withdraw funds to a bank card . Crank out something like this can be only through the participation of a mediator. But that's another story ...
