Paypal: Basic Questions and Answers

Who is PayPal?
PayPal has about 10% of market share in the U.S. for e-commerce. As of February 13, 2006, it had 100 million account members worldwide and 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 has been written about in USAToday, PC Magazine, and many other magazines and news shows including CNN, PBS, Newsweek, Time, and The Wall Street Journal.

PayPal was acquired by eBay Inc. in October, 2002.

Does PayPal Cost Anything?
PayPal is absolutely FREE for you while we pay a 2.9% fee.

Is PayPal Secure?
All transactions are conducted through secure servers, which are protected behind state-of-the-art firewalls. PayPal automatically encrypts your confidential information in transit from your computer to theirs 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 their site, they check that you're using an approved browser - one that uses SSL 3.0 or higher. Once your information reaches them, it resides on a server that is heavily guarded both physically and electronically. Their servers sit behind an electronic firewall and are not directly connected to the Internet.

Is PayPal Private?
Your financial information, such as credit card and bank account numbers, are kept private and the only personal information IWA sees is your name and e-mail address.

Transaction Types
You can use PayPal to make a contribution to Injured Workers' Alliance from a credit card, bank debit card, or from a PayPal account you've set up.