User:Alvin-cs/PayPay

From Wikipedia, the free encyclopedia

PayPay is an e-commerce business that allows payments and money transfers to be made through the Internet. It serves as an electronic alternative to traditional paper methods such as checks and money orders. PayPay performs payment processing for regular users, websites^[1], online auction sites^[2] ^[3] ^[4], and other corporate users.

A user may have several accounts with different currencies and each account can be linked to different email address and mobile phone number for funds receiving.

When registering user has to choose either personal or business account. Personal accounts cannot receive money by credit card, create "PayPayCode" etc. Business accounts are charged higher fees.

1 Key features
2 History
3 References
4 External links

[edit] Key features

Money transfers between personal accounts are free, business accounts are charges 1% on received funds [1] (as of 2008)
Funds upload/withdrawal using local payment methods (bank transfer, payment card). PayPay has local bank accounts in 6 countries [2]
"sending" money to email address or phone number of unregistered user. The receiver is then required to register in order to use the money.
transfer funds to user's verified bank account (0.31 or 0.63 EUR typical), any bank account for 0.63 EUR typical
no monthly fees
optional "PayPayDesktop" application (MS Windows only)
website integration (business accounts only)
as of 2008, web interface is available in English, German, Polish, Czech, Hungarian and Slovak language