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The Michael O'Neal Singers utilizes the PayPal service for secure, online payments.
 Frequently asked questions about PayPal
(source of answers: www.paypal.com August 15, 2001)
1. What is PayPal?
2. Is PayPal safe and secure?
3. How does this process work for MOS orders?
4. Does PayPal cost anything?
5. How does PayPal make money?
6. Is PayPal available for international use?
7. How do I signup as a PayPal user?
What is PayPal?
PayPal provides the world's first instant and secure online payment service.
With PayPal, individuals and businesses can send and receive payments through the Internet. This revolutionary new service provides a safer, faster, easier, and cheaper way to move money in today's digital economy.
With a customer base of more than 9 million and continuing to grow rapidly, PayPal is the world's largest Internet-based payment network. PayPal is the #1
eFinance site on the Internet, according to PC Data Online, and one of the fastest growing websites, according to Media Metrix. PayPal now constitutes
over 10% of all Internet traffic in the financial services category, more than Citibank, Wells Fargo and Bank of America combined.
PayPal is the preferred payment service for online auctions, and for online community and group websites. Recommended by CNET as "the most reliable
personal payment service," PayPal is also being increasingly used at e-commerce sites.
Is PayPal safe and secure?
PayPal is committed to utilizing the best commercially available technology and
procedures to protect the security of your online transactions. PayPal automatically encrypts your confidential information in transit from your
computer using the Secure Sockets Layer protocol (SSL) with an encryption key length of 128-bits (the highest level commercially available). Before you
even register or login to the PayPal site, the server checks that you're using an approved browser - one that uses SSL 3.0 or higher. Once your information
reaches PayPal, it resides on a server that is heavily guarded both physically and electronically. The servers sit behind an electronic firewall and are not
directly connected to the Internet, so your private information is available only to authorized computers.
How does this PayPal process work on MOS orders?
The MOS web site utilizes PayPal as a payment service. When an order is
placed, PayPal charges your credit card or deducts money from your PayPal balance. PayPal notifies the MOS by email that a payment has been received.
Payment is approved and accepted by PayPal on each order. Since PayPal handles the financial transactions, the MOS is not aware of, and is not responsible for, your private credit card or account information.
Does PayPal cost anything?
PayPal is absolutely FREE for consumers.
How does PayPal make money?
PayPal offers its payment service free of charge to U.S. consumers for personal
use. Business use requires a Premier or Business account with a low fee. These transaction fees provide PayPal with revenue.
In addition, many consumer customers choose to keep a 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. Also, PayPal provides international and vendor services for which there are additional charges.
Is PayPal available for international use?
PayPal is currently available in the following countries:
Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Costa Rica, Denmark, Dominican Republic, Finland, France, Germany, Greece, Hong Kong,
Iceland, India, Ireland, Israel, Italy, Jamaica, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, United Kingdom
How do I signup as a PayPal user?
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