At the core of the PayPal system lies the notion of a PayPal account.With a PayPal account, you can store money; send and receive money; link to your bank accounts, credit cards, and mobile devices; and do many other things. Anyone with an email address can freely create a PayPal account, and there are over 120 million PayPal accounts in existence today. That’s more accounts than American Express and Discover combined! PayPal accounts are growing at a tremendous pace, as Figure 2-1 illustrates.
This and the upcoming articles discuss everything related to a PayPal account. While at first glance a Pay-Pal account can appear fairly simple and straightforward, under the hood there are dozens of options that alter the way your PayPal account behaves. Understanding what all the options are and how to set them can save you headaches down the road. The next articles will cover the following account-related topics:
- • Account types
- • Sandbox testing accounts
- • Transaction fees
- • Account status
- • Countries where PayPal is allowed
- • Currencies that PayPal works with
- • Account profile settings
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