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PayPal is an internet service which allows transfer of money between email users, avoiding traditional methods of money transfer, such as completing and sending checks or payment orders. Also,PayPal offers the services and processing payments - for sellers / buyers of the e-commerce, auctions sites and other organizations - in exchange for a fee.

In terms of figures PayPal represents:

- 96 million Internet users - 95% of shopping done on eBay - 90% of sales on eBay - In 2004, the total value of transactions through the PayPal system was $ 18.9 billion, increasing by 55% every year - In 2005 the total payments made by PayPal was 27.5 $ billion, according to data from eBay.

How does PayPal work.

The service acts as a broker transactions, allowing the deployment of money from one user to another without any of them could have access to details of the bank card or the other. The principle is quite simple: PayPal is a mediator of money clients.

Need for a PayPal account

Not necessary technology or special licenses. The following is sufficient:

- An email address that is valid - A bank account or a valid credit card.

What can be used with PayPal?

- Purchase products from the sites of e-commerce. eg eBay. - Participation in online auctions pay. - Transactions personal service giving you the option of referral money for personal use and for online payments.

PayPal secure?

No system is 100% sure, so they created various methods, checks and balances so as to minimize the errors and of fraud in the system. The most common method of fraud against the type of PayPal is the phising.

What is phising?

Phising's email is spam, or spam, which clicking on a link will redirect to a website where it is necessary introduction of more personal data. Normally the user will receive an email apparently from an official family organization, a bank or an online payment service, where they claim closing an account. Since everything seems very original, the user tends to believe this message. Content message indicates that the user has to "update" or "validate" the information regarding the account or, otherwise the account will be suspended. Not wanting this, the user will follow the instructions in the email. This link leads to a replica of the site mentioned in the email. On this page, the user is asked to enter personal data and various confidential informations, such as card number, user name, password etc.. These data are collected and used for "identity theft".

Learn more about this author, Tirsina Rodion.
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