In fact, it is the fastest growing currency platform in the world. Most merchants have adopted PayPal as means of accepting payment because of the increasing number of people with PayPal accounts. It also lends them credibility, especially the small businesses.Basic registration as an individual member is free. However, it is not entirely free to operate a PayPal account. PayPal deducts a small percentage, as transactional charges, for money transferred or received. The ease of registration can be attributed to PayPal’s success over the years. It also has one of the tightest financial security systems on the internet. For instance, it doesn’t disclose your credit card numbers whenever you make payment using PayPal.PayPal account holders can easily purchase goods and services over the internet. They can also use it to send and receive money, accept payment on their websites, link to bank accounts or even make donations. Some people, however, still think that PayPal is supposed to be used primarily to pay for goods purchased through eBay. Over the years, PayPal has introduced several features, acronyms, and protocols into its system, so it can be challenging for first-time users to choose the solution that is best for them.In 2002, PayPal had its IPO, and it became a subsidiary of eBay in the same year. Sooner rather than later, PayPal became the predominant means of payment means for eBay users. In mid-2015, eBay decided to make PayPal an independent company and immediately, after that, PayPal had its second IPO.