Why we use PayPal.
Many of our customers and partners have asked why we built our service with PayPal as the only transaction engine. Simply stated, we believe PayPal has created the safest, easiest-to-use, and most cost effective platform for businesses and individuals to send and receive money. Accordingly, it is our belief that this method of electronic money exchange will become a widespread phenomenon over the coming years.
Why should you rely on PayPal for your transactions? Here are a few points about PayPal:
offers one of the safest platforms for online commerce with fraud rates
at a fraction of those of typical e-commerce offerings.
successfully completes over 200,000 transactions per day with over 15
million accounts in 39 countries worldwide.
Founded by Peter Thiel and Max Levchin, PayPal is a publicly traded company headquartered in Mountain View, California. PayPal is the 2002 SIIA Codie Awards winner for "Best eCommerce Solution" and is recognized by PC Magazine as one of "The Top 100 Web Sites."
How it works:
Step 1: Bob goes to SWE's website and presses the "Add to Cart" button. When he has chosen all of the items he wants, he presses the "View Cart" button.
Step 2: Bob looks at the contents of his cart and presses the "Checkout" button.
Step 3: Bob is taken to a PayPal Payment Details page which shows the items he has added to his Cart.
Step 4: Bob is prompted to login to his PayPal account, but since he is not already a PayPal member, he follows the instructions at the top of the screen.
Step 7: Bob is taken to a Confirmation page where he sees the details of his successful payment. He is also given SWE's customer service email.