PayPal allows any business or individual costumer to send and receive online payments only with an email address. Their network is built on the existing financial infrastructure of bank accounts with credit and debit cards and it creates a global, real-time payment solution. Their mission is to deliver a product which is ideally suited for small businesses, online merchants and individual.
Mainly the size of their network has helped them to become the leading payment network for online auction websites, including eBay. PayPal is used at any type of e-commerce sites for sales of goods as electronics and household items. It is common practice offline businesses such as lawyers, contractors and physicians to receive payments online through PayPal. PayPal is a inovative service which lets internet users to send payments for free.