Paypal is an international e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as cheques and money orders. It is subject to the US economic sanction list, and subject to other rules and interventions required by US laws or government.
Paypal is an acquirer, performing payment processing for online vendors, auction sites and other commercial users, for which it charges a fee. The fee depends on what currency or payments the seller is using. In addition, eBay purchases made by credit card through Paypal may incur extra fees if the buyer and seller use different currencies.
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