Paypal Payment

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PayPal - PayPal is an Internet business which allows the transfer of money between email users and merchants, avoiding traditional paper methods such as checks/cheques and money orders. PayPal also performs payment processing for e-commerce vendors, auction sites, and other corporate users, for which they charge a fee.

YowCow - YowCow is a online payment service, similar to PayPal, that allows safe, fast transactions between member accounts. It was founded in 2004 as an alternative to PayPal, as an attempt to rectify some common complaints about PayPal's handling of its accounts.

PayPaI - PayPaI was a phishing scam in mid 2000 which targeted account holders of the widely used Internet payment service PayPal using the fact that an upper case "i" may be difficult to distinguish from a lower case "l" in some computer fonts. Paypal sends account holders a notification email when they receive payments.

Electronic bill payment - Electronic bill payment is a feature of online banking, similar in its effect to a giro, allowing a depositor to send money from his demand account to a creditor or vendor such as a public utility or a department store to be credited against a specific account. The payment is optimally executed electronically in real time, though some financial institutions or payment services will wait until the next business day to send out the payment.

Suggested Web Sites

MembersPro PayPal - Plug and Play membership script with support multiple levels of membership. Recurring subscriptions or one time payment. Supports PayPal payments. [Commercial]

PBS's I, Cringely - PayAcquaintance - Describes an incident of a chargeback scam whereby someone pays for an Everquest item or platinum through Paypal, makes the exchange on the Everquest servers, then tells Paypal that the exchange didn't take place. Paypal then reverses the payment to the seller of Everquest goods, and that person is stuck with nothing. This article also describes how Paypal apparently allows many more accounts than it says are allowed, helping the feedback rating system to be manipulated.

PayPal Shopping Cart - Written in PERL, designed to accept Pay Pal payments. Supports paypal instant payment notification. Includes demo.

Source: BazSites.com

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