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PayPal
PayPal, a free person-to-person payment service of X.com, makes sending money as easy as sending email. Today, users can instantly and securely Send Money to any email user in the U.S.. In the future, we will offer PayPal on web-enabled cell phones, pagers, and other handheld devices. We also plan to offer PayPal for international users in 2000.
How does PayPal make money?
PayPal offers its consumer payment services free of charge. Many customers have
chosen to keep a small balance in their PayPal account. These balances are kept
collectively in a high-grade money market mutual fund. The interest paid on this
account is a PayPal revenue stream. In the future PayPal will be offering
"for fee" business, international and vendor services. PayPal may also
pursue strategic partnerships that allow us to create other financial service
revenue streams.
How does PayPal work?
Once you sign up for PayPal, you can Send Money to anyone with an email address
and we will deduct the money from your PayPal balance or charge your credit
card. Recipients are notified by email that they have received a payment.
How do I earn a $5 Refer-a-Friend Bonus?
When you sign up, we send you an email with a unique referral link that you can
forward to your friends. The link identifies you as the referrer. If a friend
uses that link to sign up, you are eligible for a referral bonus. Alternatively,
if you are the first user to Send Money to a friend who is not a PayPal user,
you are also eligible for a referral bonus. In order to receive your bonus, your
friend must sign up for PayPal, confirm an email address and register a credit
card. Please use our referral program responsibly.
