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A more affordable solution to a merchant account is PayPal. By using the free services PayPal provides, website owners can accept payments in real-time without the expense of a merchant account.
What is PayPal?
PayPal is an online service that allows anyone in over 55 countries to send money electronically online. They have become the internets leading online payment system. With millions of users already PayPal is quickly becoming the preferred way to send and recieve online payments.
How does it work?
By registering at PayPal you will recieve a username and password. This username can be connected to any source of finances that you wish. This can be a credit or debit card or checking or savings account. Money that is sent and recieved via your username will deducted or added to your account.
Secure
PayPal was the first of its kind and therefor has the most experience with security. All transactions done with PayPal either take place on PayPal's website (most do) or are done on secure third party website. In either case, the websites are secured with at least 128-bit encryption techniques also known as an SSL certificate. This keeps out prowling eyes. PayPal also guarantees the unauthorized payments.
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