How Paypal.com Established its Credibility

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Evaluate how paypal.com establishes its credibility. In particular, how does it:

• Establish itself as professional and competent,

• Establish its security in making transactions and handling individual data?

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About Paypal

PayPal has become one of the most preferred online financial service provider which facilitates payments, money transfers and other services to be made through the internet. In October 2002, PayPal became a wholly owned subsidiary of eBay." In Q1 2006, the total value of transactions through the PayPal system was $8.8 billion, up 41% year over year.
In 2005 the total payment value on PayPal was 27.5 billion dollars according to the corporate presentations on eBay's website. "(Wikipedia)

Ebusiness Issues

There has been tremendous impact of e-Business on the financial services in which
Paypal is operating. The information is exchanged much more quickly than any other thing which is helping the Paypal to provide the services to the organizations to make more quick and accurate decisions. Thus E business has removed geographical and time restrictions for the organizations. It includes catering to a group or target consumer in order to expose, sell, market. etc goods or services to the public. Thus there are issues of diverse cultures and languages; legal and regulatory differences; localization, technology and infrastructure. Moreover the markets are flooded with various products. Various options are available for end customers to switch loyalties. Thus the survival is at stake.

Issue is of privacy and security.
The most important challenge that e-commerce face is the ability to guarantee customers' privacy and safety when doing transactions online such as booking tickets or reservations for hotels etc. Thus the major worries encountered in electronic ...