Web Solutions - Portal Development
Paypal: Online Payment Service
Beginning of the Saga!
If you have heard about eBay, you certainly would have heard about PayPal. Introduced as an online platform for making and receiving payments, PayPal has won the hearts of millions with its unique features. PayPal is the result of a March 2000 merger between Confinity and X.com. In 2002, eBay bought PayPal for a whopping $1.5 billion. Today, the worth of PayPal is expected to cross $10 billion!
Features
Here are the features that make online financial transactions simple and easier:
- Send Money- Pay anyone with an email address or phone number instantly. With this feature you can send money to family and friends, pay for an eBay item and other goods and services.
- Request Money- Allows you to receive or request money from anyone with an email address in 190 countries and regions that accept PayPal.
- Auction Tools- PayPal offers a wide range of tools to manage your business.
Achievements
The awards earned by PayPal are countless; here are some of the merits earned by this wonder site:
- Productivity, 2007 Webware Awards
- Best Finance Services Site
- People’s Voice Award, 2006 Webby Awards
- Nominee for Forbes Best of the Web Pick, Fall 2005 Best of the Web B2B Guide
- People’s Voice Award
- Best Finance Services Site, 2005 Webby Awards
- Best Finance Site
- People's Voice Award, 2003 Webby Awards
- More than 150 million account numbers in nearly 190 countries