If you want to engage in online business,or to shop online, you will need an online payment facility to process payments of your transactions. One way of doing this is to use credit card, or you deposit money to the account of the seller if you are in the Philippines (which I did before). However, this procedure takes much of the time, and showing your bank account or using credit card will also expose your personal and financial details which can put you at greater security risks. To avoid these problems and enjoy the convenience of online shopping and the ability to send and receive money with ease worldwide, you can use PayPal online payment facility which is now available in the Philippines.
What is PayPal?
PayPal is a leading online payment facility which started in 1998. It operates in 190 countries and regions, with over 250 million registered users and 230 million accounts. It is available in 24 currencies, which enables individuals and businesses worldwide to send and receive money online, sell online, shop and pay online. It has a wide network of accredited stores including eBay, Barnes and Noble, Apple iTunes, The Sharper Image, B&H Photo Video, among others.
Why Use Paypal?
Paypal has a lot of advantages than using your credit cards. It is the safest way to send or receive money, or to pay. PayPal can be used with MasterCard, Visa, Discover and American Express cards. When you use PayPal, you do not expose your credit card and other financial information to merchants and other third-parties. PayPal acts as the intermediary between you, your bank and the merchants. Thus, your personal and financial information is protected. All you have to do is log-in to your account in PayPal, and just make a few clicks. It is like you are doing Internet banking.
Opening a PayPal account is FREE. All you need to have is your credit card or bank account. In my case, I created my own account last January 2011. Then I linked it to my UnionBank Visa credit card and eon account, a debit card which is an internet-based deposit account product of Union Bank. I am now making the full use and power of my PayPal account. Thanks to the training support I receive from Eireen Diokno-Bernardo, an e-bay power seller and an e-commerce specialist from the Philippines.
For more information about PayPal, you can visit the PayPal website.
To also help you get started, I put together a simple tutorial about how to create an account with PayPal. I took some of the illustrations in the tutorial from my PayPal account. However, if you feel you need more training to navigate the PayPal online payment facility, I encourage you to attend an interactive PayPal 101 workshop.
How to Use PayPal
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