Did you know you can send money to anyone with only their email address? This is one of PayPal’s many features. The transaction fees are paid by the recipient, and only 2.9% + $0.30 per transaction. Not bad for to avoid writing checks and making trips to the bank to depositing checks. PayPal is owned by eBay.
From Wikipedia:
PayPal is a type of person-to-person (P2P) payment service. A P2P payment service allows anyone with an e-mail address to transfer funds electronically to someone else with an e-mail address. The initiator of an electronic funds transfer via PayPal must first register with and fund their PayPal account. A PayPal account can be funded with a check or money order, an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.
A redux is an item I posted about once, and more than a year later I still think it is every bit as interesting and relevant. If you missed it then, perhaps you’ll enjoy it now.
Tags: redux
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