PayPal is in, claimant by a 100%igen subsidiary of the company eBay, on-line paying system, which can be used as Micropayment system and for the payment of higher amounts for example with the purchase and sales in on-line trade. Also over 100 million member accounts in more than 45 nations world-wide is PayPal the largest on-line Zahlungsdienstleister. The goal from PayPal is to arrange transfers as simply as a dispatching of a E-Mail.

PayPal members can send money to any person in the supported countries, who has a E-Mail address. The moreover one PayPal can be used over a Webable mobile telephone, for the future is planned the support by Webable Pagern and other Handheld devices.

The information of the participants is protected with each transfer with SSL. Likewise the financial data of the transmitter remain as for example the credit card or account number the receiver hidden.

Function mode

In order to send with PayPal money to another participant, gives it to four possibilities:

• One can dispatch money directly outgoing from the PayPal cash on account. The account can be loaded only via transfer using the account-specific code. , The account-specific code given by PayPal must be registered to the transfer in the field "„intended purpose "“. The loading via transfer takes usually about three days up, sometimes lasts it however importantly longer.
• One can transact, in order a payment to, use its credit card. For this the money must be deposited not only into the PayPal account, but the receiver is immediately credited. Credit card payments can take however only Premium or against Businesskonteninhaber.
• Further it is possible to transact payments over the Lastschriftverfahren directly from the own account. After one registered an account, one gets two amounts under 1 euro transferred by PayPal and must these then for the verification of the own account data on PayPal register. Afterwards transacted payments are credited to the receiver immediately.
• Payments via transfer under evasion of the loading process are just as possible. Here a transaction specific code is given. If the transaction specific code is registered to the transfer in the field "„intended purpose "“, the validity takes place after transfer entrance on the PayPal account of the payee.

A possible explanation for the emergence of PayPal are the peculiarities of the exchange in the USA. There cheques and credit cards prevail forwards because of the long prohibition of Federal State-spreading transferring in the cashless money transfer, which for the payment by obligations from on-line transactions little is suitable. In the comparison to it for example a calculation becomes mostly balanced by transfer in Germany. By the adjustment of the European exchange (IBAN/SWIFT) European transfers of majority are possible free of charge.

Fees

PayPal offers altogether to three account types: Basis, Premium and Businesskonten.

Basis owners of an account do not pay any fees (approximately for disbursement on a bank account or a money transfer). However basis owners of an account cannot receive credit card payments. Owners of Premium or Business accounts must pay fees for the receipt. The acceptance of payments within Germany by Lastschriftverfahren, from assets or via transfer is at present also free of charge for owners of Premium and Business accounts. According to PayPal the future fees for Premium and Business accounts with exception of the receipt of foreign payments or credit card payments will not lie "„presumably with any more than 1 % of the amount for payment "“. Fee pattern

Criticism

Who wants to submit a complaint against PayPal, this must do in England/London, alternatively can it in English language a complaint with the Ombudsmann, there with the fiscal authority actively, submit. This circumstances represent a heavy disadvantage, since PayPal thereby is not to be reached into Germany legally. Furthermore in principle only English right attention finds with PayPal.

In this connection doubts arose: The Domain "“paypal.de"” is administered technically and administratively by Ebay.de and rerouted on "“paypal.com"”. That Domain is however not on the English "“PayPal Ltd."”, but on the American "“PayPal Inc."” registered. Also this Domain is administered administratively and technically by Ebay in the California/USA.

Because of this proximity to Ebay, even if it is the nut/mother enterprise, legal and data security-legal doubts become loud; the data leave Europe and seem on a server in the USA to be administered.

Negative customer reports represent a further point of criticism over "„frozen "“PayPal accounts. PayPal justifies this step in a standardized E-Mail, in which the suspicion of the money laundering is expressed. Only after appropriate sending of electricity bills or the like the account is again released. Isolated there is report over the fact that even after dispatching appropriate documents the account remains still frozen.

Often it is kritisitert that the buyer protection can be abused by PayPal. This can happen after the following sample: (More fraudulent) a buyer pays his commodity, the salesman sends these. The buyer indicates now, it would not have received the commodity. Thereupon it reclaims its money over the PayPal PayPal accepts the complaint of the buyer, if the salesman cannot show a dispatch voucher. If this is the case and thus if the salesman cannot prove a dispatching of the commodity, the buyer keeps his payment refunded independent of it whether he if necessary the commodity nevertheless received. Although this scenario is possible, and also empiric reports over using this situation exist, are here hardly justified the criticism at PayPal: In the general iurisdiction usually likewise assumed that that a salesman must prove the dispatch of the commodity, only with it ignores the dispatch risk on the buyer. A buyer can reclaim thus usually its payment again, if the salesman cannot prove the dispatch. Besides PayPal obligates by the buyer protection guidelines salesmen to be able to submit in controversies dispatch vouchers.

Since short criticism arises that the official PayPal E Mails Phishing Mails is very similar. Thus it one make easier for criminal ones to send looking genuine falsified Mails away.

Supported countries

Except in the USA PayPal is available also in the following countries:

• Anguilla
• Argentina
• Australia
• Belgium
• Brazil
• Chile
• China
• Costa Rica
• Denmark
• Germany
• Dominican republic

• Ecuador
• Estonia
• Finland
• France
• Greece
• Great Britain
• Hong Kong
• India
• Ireland
• Iceland
• Israel

• Italy
• Jamaica
• Japan
• Canada
• Latvia
• Lithuania
• Luxembourg
• Malaysia
• Malta
• Mexico
• New Zealand

• The Netherlands
• Norway
• Austria
• Poland
• Portugal
• Sweden
• Switzerland
• Singapore
• Slowakei
• Slovenia
• South Africa

• Spain
• South Korea
• Taiwan
• Thailand
• Tschechien
• Turkey
• Hungary
• Uruguay
• Venezuela
• Cyprus

See also

• Electronic money
• Moneybookers
• Giropay

Sources

Related links

Official web pages

• https://www.paypal.com/de/ Germany
• https://www.paypal.com/at/ Austria
• https://www.paypal.com/ch/ Switzerland

Critical web pages

• Complaint against PayPal because of Kontosperrung
• Agreement out of court with the customers, no debt confession of PayPal
• PayPalMerchants.com - information for dealers, who want to use PayPal
• heise.de: "“PayPal sends Phishing Mails away"”

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