According to the paypal website, PayPal, owned by eBay, is a global online payment system. PayPal is a convenient, easy-to-use, and secure way for individuals and businesses to send and receive money online for goods, services, charitable donations, and so forth. It's also a full-service operation that provides front-end and back-end solutions to increase growth and revenue for merchants.
Paypal offers a very convenient way for sellers to accept instant payments in all forms, cash, check and even credit cards, for a nominal fee. This allows sellers to received immediate payment for their items which helps to ensure a quick and secure transaction.
Paypal offers a few types of account options which are perfect for any type on online business, from the ebay seller that posts items for sale once in a while to full shopping cart systems for your online business. Here is an example of an online retailer that uses the Paypal shopping cart system - Truck Techniques LLC
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