PayPal is an Internet business which allows the transfer of money between email users and merchants, avoiding traditional paper methods such as checks/cheques and money orders. In October of 2002, PayPal was acquired by eBay. PayPal operates in 57 countries (including China) and it manages over 78.9 million accounts. Every second PayPal processes an average of $823 in total payment volume. PayPal supports payments in U.S. Dollars, Canadian Dollars, Australian Dollars, Euros, Pounds Sterling and Japanese Yen.

For more information, visit Paypal at http://www.paypal.com