PayPal allows any business or consumer with an email
address to securely, conveniently and cost-effectively send
and receive payments online. Our network builds on the existing
financial infrastructure of bank accounts and credit cards
to create a global, real-time payment solution. We deliver
a product ideally suited for small businesses, online merchants,
individuals and others currently underserved by traditional
payment mechanisms.
The size of our network and widening acceptance of our product
have helped us become one of the leading payment network for
online auction websites, including eBay. PayPal is also being
increasingly used at other e-commerce sites for the sale of
goods such as electronics and household items, the sale of
services such as web design and travel, and the sale of digital
content. Offline businesses, including lawyers, contractors
and physicians, have increasingly begun to receive payments
online through PayPal. PayPal's service, which lets users
send payments for free, can be used from PCs or web-enabled
mobile phones.
PayPal (Europe) S.à r.l. & Cie, S.C.A is duly
licenced as a Luxembourg credit institution in the sense of
Article 2 of the law of 5 April 1993 on the financial sector
as amended and is under the prudential supervision of the
Luxembourg supervisory authority, the Commission de Surveillance
du Secteur Financier, with registered office in L-1150 Luxembourg.
Since the service is limited to E-money, which does not qualify
as a deposit or an investment service in the sense of the
Law, customers of PayPal are not protected by the Luxembourg
deposit guarantee schemes provided by the Association pour
la Garantie des Dépôts Luxembourg (AGDL).
PayPal Inc. (which is a parent company of PayPal (Europe)
S.à r.l. & Cie, S.C.A) was acquired by eBay in
October 2002, and is located in California, USA.
Privacy to Fight Identity Theft
- Feel secure with powerful encryption.
- Stay vigilant with automatic email confirmation.
- Monitor your sensitive information.
- We also ensure you are Buying Safely with:
1-Prevention to Help Stop Fraud: We stop problems before
they happen.
2-Protection for Your Purchases: We provide a safety net
in the unlikely event something goes wrong.
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