March 7, 2008, Newsletter Issue #128: Paypal and Online Auction Sites

Tip of the Week

Paypal is a service that expedites payment over the Internet. The service brokers payments between online retailers and email users. The company is a subsidiary of eBay and is favored by many eBay auction bidders. The service allows users of online auction sites to pay for auctions online using credit cards and electronic checks. The service also allows non-commercial sellers on online auction websites to receive credit card payments. Paypal charges a small fee for its services. Paypal is currently the largest and safest way for buyers and sellers on online auction websites to transfer money to one another.

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