PAYPAL
\pˈe͡ɪpal], \pˈeɪpal], \p_ˈeɪ_p_a_l]\
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A company owned by eBay, whose primary function is to process online payments and transfer money from individuals and companies. It was set up in 1998, and accepts 18 currencies at present. The system is based solely over the internet. Funds can be withdrawn ot the bank account, or uploaded from the bank account too.
By Henry Campbell Black
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