About PayPal

Over the past decade the internet has transformed the way we live our lives. It has changed the way people search for information, digest the news, arrange holidays, keep in touch with friends and family as well as how we shop for goods and services.

Since its online launch in 1998, PayPal has been at the forefront of this consumer revolution and is now one of the world’s most popular electronic payment systems. Thanks to its unique technology, PayPal enables anyone with an account to transfer money by email, buy goods and services over the internet and receive payments securely without having to give out sensitive bank details each time you purchase something online.

Rather like a free “online wallet”, PayPal users can choose to fund payments via an existing PayPal balance, bank account, debit or credit card. PayPal provides an extra level of security via its encrypted system which means that a sender’s financial details are never revealed to the seller.

PayPal now has over 15 million account holders in the UK (a third of the UK population). PayPal offers a truly global service operating in 103 countries and accepting payments in 17 major world currencies. People like using PayPal because it is one of the quickest, easiest and safest ways to make payments online. It is free to set up and buyers can be up and running in less than 5 minutes. What’s more retailers and sellers have embraced PayPal too. For them it offers a cost-effective and convenient way of accepting payments.

For more information or to set up a PayPal account please log onto:
www.paypal.co.uk

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