Paypal is the well known international e-commerce business and the world’s favourite way to pay and get paid. The service lets people pay and get paid for goods and services over the Internet. This is an electronic alternative to making payment via more traditional means such as cash, check, money order, wire transfer and so on. Paypal now operates in 203 markets worldwide and has 148 million registered active accounts. The service allows people to make payment online without revealing their credit card number and other financial details.