Basically a PayPal give to user a facility to send money and all that the sender needs is the recipient email address/Paypal Credit or added Credit Card or Bank account. There are various types of account and transfer types are there so depending on it PayPal charge their transfer fees. Recipient has an option that he/she can keep their money in the PayPal account or can withdraw it from the bank. If a person want to pay online than it is the best option to do it and many more website are also integrated to PayPal payments.
It was founded by Ken Howery, Max Levchin, Elon Musk, Luke Nosek, and Peter Thiel. It is basically similar to online banking websites so that it also completes their activities time to time. There are some competitors are also there for PayPal like Google checkout, Wire card and money brokers. User can also protect their PayPal login by doing certain things like user always directly log in into PayPal from its official website, Do not click on any other external link to get to Paypal.com.
If a user get a email like asking you to give your personal information of it then users have to avoid that mail because it is not a real mail and at last person has to enter complex password which is only remember by them and never tell your password to anyone and change your password at regular interval.
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