What is Pay Pal and how does it work?
Pay Pal is an internet money transfer service. You simply sign up with them (open an account) and they can transfer money from your credit card to my Pay Pal account (which is the same as my E-mail address.) The money is transferred instantly and there are no transaction fees. It is usually used by people with online auctions. Pay Pal uses the float in the money to invest just like banks do. When you consider that most people might have a few hundred dollars in their account, and there are millions of customers, you can see that it’s a pretty solid investment. I’ve had no problem with it other than a new customer has a credit limit until their E-mail and address can be confirmed. To sign up, just go to PayPal.com.
