PayPal as an E-Commerce Solution

PayPal is a powerful payment and money transfer service to be made through internet.

It serves as a convenient and fast alternative to traditional cash, checks, and money orders.  We can send and receive money through PayPal Globally.

It’s often considered as an eBay payment service, but lot of companies use PayPal everyday for settling all types of debits.

We can use PayPal in various ways, example –

a) Sending cash to your son in college, who is running out of cash

b) Buying any product online through eBay Auction

c) Making Hotel payment through PayPal Smart Mobile application

d) Sending invoice to the customer, who wants to pay you online

e) We can subscribe to a PayPal virtual terminal and offer charge by phone, fax or email options to our clients so that we’ll have the same credit card processing capabilities that large companies have without investing one time in equipment.

f)  We can create recurring subscriptions for our clients; hence we can collect monthly charges automatically from their PayPal account without ever remembering to bill them. 

Ref - http://www.paypal.com/