November 13

Ever since I learned about Paypal, I thought right away how cool it must be to use a service like that – just have an e-mail account to use for online purchases and viola! Checkout products without having to expose or reveal your credit card numbers. It sounds a lot safer than having to use credit cards directly, even for secured Web sites. When I first registered, I can only use the service to send money but not to receive funds. I bought a lot of tennis DVDs that way. I only had to register my e-mail first and then my CITI credit cards. Eventually, accepting funds was allowed for my account and that’s when the real fun began.

The real great use of Paypal for me is its use for international transactions. It’s so easy and convinient to send and receive money from anywhere in the world. Withdrawing funds to your local bank account make take time, though (about 5 days), but the charges are quite reasonable, compared with other payment and money sending options. I’m only hoping that our local online industry will soon pick up and fully utilize this amazing service.

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