Friday 6 January 2012

Paypal In Pakistan



Through the internet we can earn a lot ,we can do business through our websites on internet, We can purchase any thing on online stores, we can sell our products through internet but these all depend upon another service of the internet in order to have our earned money with us, in order to trasffer our money to our desired destination. Paypal provides such type of services. Yes it provides us the services of transffering money from one account or one place to another account or place. It is just like the services provided by easy pesa in pakistan but is different from the easy pesa in terms that easy pesa is sevices provided through mobile network services but paypal is on internet based.


In march 2000 paypal was initially started with the collective efforts of max levichen, peter thiel, luke nosek, ken hovery (also collectively founded confinity .Com) and elen musk (founder of x.Com) doing the bussiness of transffering money from one place to another, as well as the source of reciepts and
payements for most of the american companies. You can do your business online but question is that how will you have your money with you in order to have your money with you, you need the services from paypal or paypal like services will help you to have your money with you that you have earned through the internet.


there is a very detailed history related to paypal but we are mentioning here just the main basis for the start up of paypal.


Initially there were two services provided throughj the internet before march 2000 one was confinity.Com (founded by, max lavichen,peter thiel, luke nosek, and ken hovery in december 1998) initially as a cryptography and palm pilot’s payement company it was located or was operated from palo alto on university avenue with the features of email payements it mainly focused on reconciling beamed payements from palm pilots. Another services was x.Com (founded by elon musk in march 1999) initially x.Com was an internet financial service company it was also operated from palo alto on university avenue.Then in march 2000 these both the website owners merged their work estabilishing a new website that today we know it as the Paypal.Com afterwards Paypal started its work as the provider of the services of transferring money online. At the moment it is providing services throughout the 24 countries of the world having 24different currencies of the different countries. In 2008total amount of transaction which were carried out through the Paypal was $60 billion american dollars it was 27% of the total transacted amount in previous year, it is still focusing continually on that growth of total transactional amounts.


Paypal service is not just only focusing on its transactional values but is busy in providing the better services to its customer also. In orded to escape from fraudulent access by automated systems Paypal started to use the system (see capcha) of making the user entr numbers from a blury picture which they call as guasebeck-levichen test.Paypal is still looking for improved secuirity features for their customers..


"Being a pakistani i feel our unfortunate because the paypal service is absent in pakistan they (paypal) owner do not provide services in pakistan, but fortunately saying that paypal like service likr alertpay is functional in our beloved country. Alertpay is also the money transffering service like the paypal is, providing the services in those areas of the world where paypal can not reached or do not want to go"

2 comments:

  1. Paypal is very good service but it is not available in our country :-(

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