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Many of our customers and partners have asked why we built our service with PayPal as the only transaction engine. Simply stated, we believe PayPal has created the safest, easiest-to-use, and most cost effective platform for businesses and individuals to send and receive money. Accordingly, it is our belief that this method of electronic money exchange will become a widespread phenomenon over the coming years. PayPal is now a subsidiary of e-commerce leader, eBay (NASD: EBAY), and has offices in the USA, UK, and Europe.
Why should you rely on PayPal for your transactions? Here are a few points about PayPal:
• PayPal offers one of the safest platforms for online commerce with fraud rates at a fraction of those of typical e-commerce offerings.
• PayPal offers ease and flexibility, accepting all major credit cards (Visa, Mastercard, Discover, and American Express), as well as all major debit cards and direct transfers.
• PayPal offers low merchant rates with no set up or recurring costs.
• Financially, PayPal has shown tremendous business fundamentals:
• PayPal successfully completes over 600,000 transactions per day with over 30 million accounts in 38 countries worldwide.
• PayPal is processing over $30 million in payments per day and has transacted over $20 billion in total payments since launching in 1999.
• While virtually all technology companies have languished in these difficult economic times, PayPal has shown tremendous growth.
• PayPal, and its new parent company, eBay (NASD: EBAY), are both profitable.
We have chosen to build our business on PayPal given this company's phenomenal success and achievements. We hope you can share our confidence here as well.
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