Paypal by Amanda Luckow

I chose Paypal for my new communication technology. It can be accessed at www.paypal.com. Many companies use Paypal in order to have secure transactions over the internet. While there are many different forms of purchasing items, with Paypal you can pay for online purchases, send and request money worldwide, track you’re online spending and accept credit cards. “PayPal acts as a middle man between the buyer and seller so that the seller never has to expose his payment information to the seller directly.”(westwind.com) You also have the ability of saving your credit card information for easy access any time you want to spend. A downside to Paypal is that it can only be used for web based purchases. You cannot use it for something that doesn’t involve the web and therefore if your business does offline sales it would be of little use. Another disadvantage is that they take a small percentage of each sale for the company. I would rate Paypal a 5 on its usefulness because you don’t have to worry about getting spammed by the seller and also if you end up having a dispute over an item Paypal will help you to settle it quick and efficiently.