eBanks

PayPal is an e-commerce business that allowing money transfer and payments to be made over the internet. Online money transfers serve as electronic alternatives to traditional paper methods like money orders and checks.


PayPal account can be funded with an electronic debit by credit card or by a bank account. The recipient of a PayPal transfer can either request a check, request a transfer or establish their own PayPal deposit account to their bank account.

Performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It may also charge a fee for receiving money, proportional to the amount received. Depending on the currency used, the country of the recipient, the country of the sender, the payment option used, the amount sent and the recipient's account type the fees will be calculated. In addition, eBay purchases made by credit card through PayPal may incur extra fees if the buyer and seller use different currencies.