PayPal - Send Money, Pay Online or Set Up a Merchant Account
- Send and withdraw money with PayPal
- Fees and transfer limits at PayPal
- Which currencies does PayPal accept?
- Security and support
PayPal - working out a safe money transfer
PayPal enables to securely send and receive online payments. Users can comfortably transfer money to friends, relatives and online merchants without charge. The advantage of PayPal is that users do not have to reveal their credit card number to the merchant. Depositing funds to the PayPal account via bank transfer is free. Other depositing methods include Visa, MasterCard, Discover and American Express. The company was founded in California in 1998. Four years later it was acquired by eBay and today it is available online in more than 190 countries and regions.
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Simply visit the PayPal website and click “Send Money” at the top of the page. After having entered the necessary information, users get the opportunity to open an account with PayPal for free. Once users have signed up they are able to transfer higher amounts of money. Whoever likes betting with likes like Bwin can withdraw the winnings with PayPal - this is a safe and fast money transfer solution. The recipient is informed about incoming payments by e-mail. If he has not signed up for an account yet, he needs to do so now so he can withdraw his funds. Customers can either transfer their money to a bank account or they can request a check. Of course the funds can also be spent online instead.
As long as the money is sent and received in the same currency, users do not have to pay any fees. If the money was transferred in another currency than it is withdrawn, a fee of 2.5% will be incurred. Personal accounts have limits on the amount of funds they can receive per year and are assessed a transaction fee. If customers want to withdraw their funds to a non-US bank account, fees might also be charged (depends on amount). Registerd members are allowed to transfer $ 10,000 at a time. Non-members can transfer up to $ 4,000 at a time.
Australian dollar, Canadian dollar, Czech koruna, Danish krone, euro, Hong Kong dollar, Hungarian forint, Israeli new shekel, Mexican peso, New Zealand dollar, Norwegian krone, Polish zloty, pounds sterling, Singapore dollar, Swedish krona, Swiss franc, US dollar, yen. The website can be displayed in English, Chinese, Dutch, French, German, Italian, Polish and Spanish. When PayPal was acquired by eBay, it soon became a very popular payment method, not only at eBay. Today various bookmakers like Ladbrokes provide PayPal as a payment option. Please note: Most gambling websites only allow European residents to transfer money to their account via PayPal.
In order to keep their customers private details safe, PayPal uses the latest technology like SSL-encryption and firewalls. In addition all customer details are stored on heavily guarded servers (physically and electronically). In Australia PayPal is operated by PayPal Australia Pty Limited. In Europe PayPal is run by PayPal (Europe) S.à r.l. & Cie, S.C.A. (PayPal Luxemburg) and is regulated by the Commission de Surveillance du Secteur Financier (CSSF). PayPal (Europe) and PayPal Australia Pty Limited are subsidiaries of PayPal Inc., which is located in California and belongs to eBay. PayPal Inc. has licenses in Canada and in 42 US jurisdictions. The Service-Centre can either be reached by e-mail (form on respective website) and phone (except the US).
Australia: +61 (02) 8223 9500
Canada: (402) 935-7733
Europe: +35 (2) 2730 2143 (in Luxembourg)
Pay Pal Inc. P.O. Box 45950
Omaha, NE 68145-0950
PayPal, Locked Bag 10
Australia Square PO
SYDNEY, NSW 1215
PayPal (Europe) S.à r.l. & Cie, S.C.A.
5th Floor, 22-24 Boulevard Royal
Pay Pal Inc. Headquarters
2211 N. First Street
San Jose California