PayPal

In short: PayPal is an online payment service in which payments are handled through an account using an e-mail address.

In more detail: The company was founded in the late 1990s, belonged to eBay from 2002 to 2015 and has been independent again since.

In Depth

Features

Payment by balance, direct debit or credit card. Merchants receive money without seeing the customer’s bank details. There is buyer protection for goods that are not delivered or differ from the description.

Fees

Merchants pay fees per transaction. Private payments to friends are free of charge under conditions in many countries.

Fraud

Phishing mails in PayPal’s name are common (phishing mails). See Stripe, online banking.

See also: Stripe, Online Banking, Phishing Mails