How was Paypal Created?

PayPal was established by Max Levitation and Peter Thiel through a Palm device that was used in their time as an alternative to a wallet by transferring money from one person to another. Then PayPal merged with Xcom, which was founded by Elon Musk and was acquired by eBay, the owner of the site Auctioneers became famous in October 2002, and PayPal became a wholly-owned subsidiary of eBay.

Anyone can open or create PayPal accounts, but the conditions must be fulfilled, namely that the registrants must be 18 years of age or older and have a debit card, credit card, or a bank account as well as have an email address.

What is PayPal Bank?

It is an electronic bank or a secure electronic financial platform, which works by linking your bank account or bank card to it. Is is considered a mediating container between your tangible financial assets (your bank account or bank card) and the outside world that is based on electronic payment. You can receive and send money to and from other users who have PayPal accounts.

Advantages of PayPal

• There are more than 250 million active accounts worldwide.

• PayPal Bank unifies most auction sites and e-commerce sites, as well as most businesses in the world that rely mainly on PayPal electronic payment services.

• Allows customers to shop at thousands of online e-stores worldwide with PayPal.

• Ease and speed of dealing with it to send and receive money.

• PayPal Bank is one of the best and most popular electronic banks.

• The feature of linking more than one visa or Master Card in one account.

• The bank accepts payments in more than 25 different currencies around the world.

• An electronic means for those who pay or get paid.

• More than 8 million commercial companies worldwide rely mainly on the company’s services.

• A way to pay for self-employment sites such as an independent and five, which is one of the most important means of self-employment and profit through the Internet and the possibility of requesting services at very simple prices starting from 5 dollars.

Disadvantages of PayPal

• There are Arab countries that can send money only and cannot receive money through PayPal, such as Tunisia, Yemen, Somalia, Djibouti, Mauritania, and Comoros.

• There are Arab countries that do not support PayPal, and people in these countries cannot make an account on PayPal, such as Syria, Iraq, Libya, Lebanon, and Sudan.

What are PayPal Fees

• Payment via PayPal Standard: 2.9% + 30 ¢ per transaction There are volume reductions if you process lots of payments.

• Pay by PayPal Express: 2.9% + 30 ¢ per transaction.

• Pay by PayPal Pay Me Pro: 2.9% + 30 ¢ per transaction, plus $ 30 a month.

How to Receive Money via PayPal

After you create and activate an account, give the customer or the person your email address, and then you will receive the money that he sends from his account directly.

How to Send Money via PayPal

Create an account on PayPal and then link the account to your credit card and activate it, then after that log in to the account and then choose to send the money and write the email to the other person and the amount of money that you want to send and then click send.

How to Purchase a PayPal Account

Log in to the store you want to buy from, then select the product or service you want to buy, and then click the Buy Now or Buy button and choose PayPal as the method of payment. When you click on the Pay Now or Pay Now button, you will be taken to the PayPal website. To log in, if you are already in your account (or after logging in), a page with payment details will appear in front of you, click the Confirm Payment button and the payment process has been completed.