Hafiz's NMT Blog

Progressive Project Research Part 3

Posted by: nmtp03hafiz on: February 5, 2010

Online Transactions

Source Content

PayPal is the faster, safer and easier way to pay and get paid online. Available in 190 markets and 24 currencies, PayPal is a global leader of online payment solutions, with over 78 million active accounts worldwide. PayPal makes it easy to send and receive online payments, whether you’re doing it for personal or business reasons – it’s an all-in-one solution.As a seller, you can accept all major credit/debit cards, bank transfers1 and PayPal balances. As a buyer, you can choose how to pay for items.


Demo

http://www.paypal.com/en_GB/m/demo/demo_consumer/demovideo.html

Source: http://www.paypal.com

Self-opinion

What i have noticed lacking under the donations page in the Club Rainbow website it the option to pay by PayPal. PayPal is faster, safer and an easier way to pay and get paid online.  It is available in 190 markets and 24 currencies. This is useful and convenient for those who does not own a credit card or for those people overseas who wants to quickly transfer funds into the organization. This also helps those who owns a credit card due to the fact that it saves the hassle of them needing to refill the form again everytime they want to donate. Those who donate frequently to the organization could just use PayPal which stores their personal details. They are just a few clicks away from successfully transferring money to the organizations bank account. This process is much faster, easier and less hassle. This will definitely help the organization to gain donations from overseas because foreigners can rest assured that the money they transfer will be in safe hands due to the tight security that PayPal offers.

PayPal is also widely used for online shopping. Since it is recognized internationally, customers from all over the world can shop online from anywhere in the world. PayPal will transfer those funds fast and secure with their proved business model. This also relates to the organizations virtual shop. If they would introduce PayPal as one of the payment methods, they will gain a larger amount of customers and locally and globally as they had use one of the most trusted and secured online money transfer channel in the world.


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