PayPal

Financial service PayPal is developing very rapidly, appearing in many countries worldwide. The application allows you to make payments and not only.

In PayPal, you can track funds in your account, instantly send and receive money to other PayPal accounts, and withdraw funds to bank cards. The program has a high degree of security, and any actions are accompanied by sending notifications.

Where do you need to start?

Before making any transactions, you need to register your PayPal account. The program is free, but you must provide contact information (phone number and mail address). You will also need to give a password to protect your account. Users who want to transfer/receive money to bank accounts need to connect PayPal to their bank card.

Each transaction is subject to a certain fee. The program implements fixed rates, which refer to personal transactions, while payments for goods and services are direct to commercial transactions.

Security features

Some of the features in the application include:

• Transaction history checks,

• Direct transfers to bank accounts,

• Direct transfers to e-wallets,

• Statement Viewing,

• Balance view.

The user can add a 2-step encryption process to increase security. The program stores recent/frequent transactions in its memory for convenience.

Paypal has the world's most extensive base of banks to connect to, accepts credit cards, and allows merchant services. Paypal can directly connect Visa and MasterCard debit cards to your account.

Conclusions

PayPal's broad reach worldwide has allowed it to remain a trendy electronic wallet. The app has additional layers of security, like a 2-step encryption process, which makes the program impossible to hack.