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PayPal Makes Payments Easy
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PayPal performs 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. [1] On October 3, 2002, PayPal became a wholly owned subsidiary of eBay.[2] Its corporate headquarters are in San Jose, California, United States at eBay's North First Street satellite office campus. The company also has significant operations in Omaha, Nebraska; Scottsdale, Arizona; and Austin, Texas in the U.S.; India; Dublin, Ireland; and Berlin, Germany, and now also in Tel-Aviv, Israel after PayPal acquired an Israeli startup called FraudSciences [3] for $169 million.[4] As of July 2007, across Europe, PayPal also operates as a Luxembourg-based bank.
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What are the Benefits of Using PayPal?
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It's Fast
Payments are made immediately, quicker than sending checks or money orders. |
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It's Private
PayPal does not reveal your financial information to sellers. |
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It's Global
PayPal is accepted worldwide, and can be used to make payments locally or internationally. |
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It's Easy
Send money to anyone in just a few clicks. |
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It's Trusted
Industry-leading fraud prevention keeps you safe and secure. |
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It's Cost-Effective
It's free to send money, and PayPal is affordable for businesses of all sizes. |
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