1. Why do you think PayPal has been so successful throughout the world?
I believe one of the reasons why PayPal has been successful worldwide is how it make money transfer much easier than a traditional money transfer method, which is via banks. As an international student, my parents used to support me financially. They sent me money from a bank in Japan to my bank in the United States. It took 3-7 days until I finally had an access to the money. It was also costing them a great deal of service fees because it was international funds transfer. It was not just about expensive fees. It was very time consuming as well. With my parents’ hectic schedules, going to the bank, conversing with ...view middle of the document...
We hear about scams by oversea companies often enough. By using PayPal’s credits, people can avoid giving out their credit/debit card information. It not only saves time, but also is more secured because people do not need to enter their information to the companies other than PayPal. For those who are not old enough or, for some reasons, can not get credit cards can shop online with PayPal as well.
I think that the fact that eBay bought PayPal helped it became more globalized service as well. eBay is one of the major websites for people to sell almost anything. The website is operated in the United States, but sellers on eBay are located in numerous countries in the world. Transaction through eBay takes place all over the world, which is a great for using PayPal.
Partnering with Facebook also expanded their business as well. Facebook has its users all over the world. Except for few countries that Facebook is benned, people have access to it from anywhere in the world. By using PayPal and credit cards, people can play games and send each other virtual gifts on Facebook. Because Facebook is for people who are older than 13, some users are not old enough to get credit cards. By using PayPal, people do not need to have credit cards to enjoy Facebook’s features.
3. Do you use PayPal? Why or why not?
I have not used PayPal. I have considered using PayPal, but it did not happen. the main reason why I did not pursue using PayPal at the time was that I was not sure...