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Paypal is an international money processor which is probably most popular for its convenience making selling and buying on ebay easy or for its provided opportunity to send and receive money worldwide even if you don\'t know receipient\'s bank details or postal address. It\'s that simple: you only need to know person\'s to whom you are sending the money e-mail address or phone number! That makes sending the money much more convenient than if you would have to use the bank account or Western union, or MoneyGram or services alike because not only Paypal payments are sent immediately to the recipient, Paypal also doesn\'t charge you for sending the money. That way the recipient is the one who would have to make a small commission for withdrawing the money from their account to their bank account or debit/credit card. There are limits to money person can send and receive though and those limits really depend on whether you are a verified Paypal user. The send/receive money option Paypal provides can be extremely useful for donations and charities.

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