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It is most commonly used for payments made over the Internet, but can also be used with mail-order transactions by mail or fax, or over the telephone. Card-not-present transactions are a major route for credit card fraud , because it is difficult for a merchant to verify that the actual cardholder is indeed authorizing a purchase.
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
The buyer is then directed to PayPal (or Authorize.net) to submit payment. In order to link buyers directly to a sellerʼs payment gateway, the PayPal Id (email associated with the sellerʼs PayPal account) is imputed into the payment method field upon listing. This is done in both individual listings and bulk listings.
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