PayPal is a quick and easy way for businesses and entrepreneurs to accept credit card payments online, and a popular way for people to send money to each other on the Internet. PayPal enables any business or consumer with an email address to securely, conveniently, and cost-effectively send and receive these payments.
The PayPal network extends the existing financial infrastructure of bank accounts and credit cards and creates a global payment solution. PayPal products are ideally suited for small businesses, online merchants, individuals and others currently undeserved by traditional payment mechanisms.
What does PayPal do?
PayPal enables 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.
We seek to become the global standard for online payments, offering our service to users in 38 countries including the United States. We have over 16 million registered users, including more than 3 million business accounts. Our account base is growing by an average of 28,000 accounts per day, with virtually no traditional sales or marketing.
What are the core components of the PayPal business?
E-commerce services for businesses & individuals - PayPal enables quick and easy payment processing for websites, classified ads, auction sites, and email - anywhere a person wants to collect payments online. Use PayPal to:
• Accept credit card and/or bank account payments for single or multiple item purchases
• Sell products to PayPal users in 38 countries outside the U.S.
• Collect subscription or recurring payments (like a tithe)gather donations or "tips"
• Get instant notification when you receive payments
How long has PayPal been in business?
Co-founders Peter Thiel and Max Levchin began creating the PayPal service in December 1998. They launched the service to the public in October 1999. The company was incorporated in March 1999 in the state of Delaware.
Can I tithe through the website using PayPal?
You can pay your monthly/weekly/annual tithe, if you wish, by clicking on the "tithe button", and giving some information in a totally secure environment. You can just make a donation online to the church. You may debit your bank account here, or use a credit card. And, the PayPal bank will even give you $5.00 for signing up! What could be more convenient! Be sure to put pmoreno@ctkcathedral.org as the email address that recommended you when you sign up, and CTK will receive $5.00 every time, too.
Data Security and Encryption
The security of your information, transactions, and money is the core of our business and our top priority at PayPal. PayPal automatically encrypts your confidential information in transit from your computer to ours using the Secure Sockets Layer protocol (SSL) with an encryption key length of 128-bits (the highest level commercially available). Before you even register or log in to our site, our server checks that you're using an approved browser - one that uses SSL 3.0 or higher.
Once your information reaches us, it resides on a server that is heavily guarded both physically and electronically. Our servers sit behind an electronic firewall and are not directly connected to the Internet, so your private information is available only to authorized computers.
Security Tips
We at PayPal work hard to protect our customers, and have many security measures to help ensure your protection.
There are also steps that you, our customer, can take to help protect yourself. We'd like to provide you with this information so that we can work together to protect against fraud.
Passwords:
Never, ever share your PayPal password with anyone. PayPal representatives will NEVER ask you for your Password. If you believe someone else has gotten access to your password, please change it immediately and Contact Us.
Select a password that is easy to remember, but hard to figure out. One good way to create a secure password is to choose a phrase of two or three words and add a 2 or 3 digit number to the end of the phrase. Avoid choosing obvious words or dates such as a nickname or birthdate. It is always a good idea to mix numbers with letters when choosing your password.
Don't use the same password you use for AOL, eBay, MSN, Yahoo, or other online services. Using the same password for multiple websites makes it easy for thieves to access your personal information.
Secure Websites:
Whenever entering sensitive personal information (such as checking account or credit card numbers) onto any website, make sure that the website encrypts the information you send to, and receive from, the site. When you log into your PayPal account, you will always be on a secure website. You can check if the website you are using has this type of security in two ways:
Check to make sure the URL begins with "https" rather than "http"
Look for a lock icon on the bottom left or bottom right of your browser, (shows 128 bit security).
Email Security
If you receive an email and are unsure whether it is from PayPal, come directly to the PayPal site at https://www.paypal.com
Don't click on any link in an email which seems suspicious to you. These security measures will help ensure that you are logging into PayPal. The only site you should ever type your username and password into is at https://www.paypal.com.
PayPal will never send an email to ask you to put in your user name and password.
Will I get a receipt?
Yes, you will have a receipt emailed immediately to you with all the details of your transaction, and you can print it for your records.
Is there a monthly fee?
No, it's free to sign up for the PayPal Network, it's free to send money. There is a small fee for Christ The King to receive money, but the convenience and efficiency of this system make up for that.
Who can use PayPal?
Anyone who has an email address, and a credit card can use PayPal, and you can even become a "Verified" member and debit your bank account directly. You will receive a $5.00 bonus as soon as you sign up. And when you sign up, be sure to put the referral email as: pmoreno@ctkcathedral.org so that Christ The King gets the credit, too. We're all working together.
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