Wednesday, November 4, 2015

Assignment #2 PayPal

1. The service that Paypal provides a quick access to money.You can connect it to your bank account and your credit card accounts.The fees of Paypal are paid by the seller of the product you wish to buy.I could not find any information regarding how PayPal operates on their website.It is so popular because it transfers money between businesses and people easily.
2.PayPal does this by making sure this locked away in secret, however they do provide any information on PayPal's website to how they protect customer information.
3.PayPal makes money by charging the seller for the product.The way they describe it on PayPal is not similar to understand or at least I could not figure out how PayPal makes a profit.
4.PayPal reimburses you if the item you bought does not arrive or if it arrives is damaged as long as you meet PayPal's requirements.
5.Yes because PayPal operates in transferring money,so if they did not operate with businesses would lose a large amount of income.If a businesses requires something in order to grow,they will need to use PayPal.
6.PayPal is available every where, but google wallet is only available in the United States. Unauthorized transaction made on Google Wallet will be covered 100% only if you live within the United States.After knowing this information I believe PayPal is a better service.        
 

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