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| Paypal Paypal is one of the most used payment services on the internet. Paypal connects a virtual account that a user has with them to their bank account or credit card, and allows for the sending and recieving of money between people and businesses online. Paypal stores a balance in many different currencies depending on the circumstances, which can then be withdrawn or sent to others. Paypal has good security and offers dispute management to resolve problems such as fraud and theft. Paypal allows people to easily send money to other peoples account, for a variety of goods and services, and also offers the ability to pay for items won at auction on eBay. |