1 thought on “butterfly jewelry wholesale Payment principle of PayPal mode”

  1. college wholesale jewelry When paypal payers want to pay a amount to the merchant or the payee, they can be divided into the following steps:
    1. As long as there is an email address, the payer can log in to open the PayPal account. By verifying it, it becomes its user, and provides credit card or related bank information to increase the amount of accounts, and the account registered by a certain amount from its account (such as a credit card) Moved to the PayPal account.
    2. When the payer starts the payment process to the third party, he must first enter the PayPal account, specify a specific export amount, and provide the subject's email account to PayPal.
    3. Then PayPal email the merchant or the payee to inform him of the waiting or transfer of money.
    4. For example, the merchant or the payee is also a PayPal user. After the decision to accept it, the payment specified by the payer is transferred to the payee.
    5. If the merchant or the payee does not have a PayPal account, the payee may instruct the connection station to enter the webpal account in accordance with the PayPal email content instructions. With the four ways of withdrawing from the American account, remove the balance.
    It from the above process, it can be seen that if the payee is already a user of PayPal, then the payment will be remitted into the PayPal account he owns. Mail, guide the receipt to register a new account on the PayPal website. Therefore, some people say that this sales model of PayPal is a "email virus -type" business expansion method, which makes PayPal's rolling and bigger markets.
    In general, this payment method is easy to see that funds are remitted by email (Fund-in). payment procedure. In fact, the email issued through PayPal only plays the role of "notification", and the PayPal service only borrows and loan records of the user's credit card account.
    It generally, in terms of form, PayPal's current basic model is a "email payment" method. In essence, PayPal is a bookkeeping and transfer system based on its platform -based virtual bank account. The transfer of funds is between the payment of the payer's bank account. The operation of transmission information and notifications is inseparable from traditional payment tools such as bank accounts, electronic capital transfer, and credit cards. (For the payee who does not register the PayPal account, sending an email to the payee has a market sales role for PayPal.)
    It this model is characterized by the collection of online transactions. (Seller) As long as the payer (buyer) has its own email address, that is, the username on PayPal, then the payer can complete the payment through PayPal. Paypal's users and the amount received are first of all to increase or decrease its PayPal book. Users can pay through the PayPal account instructions, withdrawing or becoming a bank deposit. You can also send a instruction to send a check for PayPal, or draw the funds to the bank account designated by the user through transfer. The payer and the payee can open an account in two different banks, or it can be a bank account of two countries or regions far away, but as long as they are all PayPal users, they can reduce cross -bank, multinational and cross -border, cross -border, cross -border and cross -crossing users. The transfer between regions is cumbersome. There is no doubt that this one -stop convenience and email address as the PayPal account are greatly different from traditional transactions and transfer models on financial systems.
    In addition, for payment security, the role of PayPal is somewhat the same as the firewall, and a security barrier is built between the payer and the user's credit card data. In the past, shopping with a credit card, you need to enter the card number on the payment page provided by the online store. Of course, it is very convenient to do this, but if the website does not implement encrypted transmission information, or some counterfeit sites are maliciously cheating information transactions, the security will be greater. Discounts ----- Credit card information will be obtained by website staff or anyone else. It's different now. PayPal is transferred or paid to the merchant. As long as you enter the PayPal account and password ---- this is a layer of password protection, and the payment page is provided by PayPal instead of online stores. In the end, the encrypted payment process was completed on PayPal Station. There was no third -party (including online stores) that could access the user's bank account or credit card cardholder's personal information.
    paypal, user, bank and its legal relationship
    before talking about the relationship between PayPal and users, it is necessary to make a brief introduction to the PayPal user protocol.到“PayPal will pool your funds together with funds from other Users, and will place those funds in accounts at one or more FDIC-insured banks (Pooled Accounts). You agree that any earnings on the Pooled Accounts will be the property of PayPal, And you will not receive interest or other earnings on the function that paypal handles as your agent. ), By receiving early user agreements, the user agrees that PayPal is owned by PayPal due to any income generated by the account, and the user will not receive any benefits or other benefits of the funds transferred through PayPal.
    In the current (June 2005) user agreement (US), you can see, "PayPal Acts as a to Help You Accepts from and Make Payments to Third PARTIES. We Act As your agent upon your direction and weououourtion and you requests to use our Services that require us to perform tasks on your behalf. PayPal will at all times hold your funds separate from its corporate funds, will not use your funds for its operating expenses or any other corporate purposes, and will not make funds available to its creditors in the event of or for any other purpose. You that (i) PayPal is not a bank and the Service is a payment service rather than a banking service, and (ii) PayPal is not acting as a trustee, ficiary or escrow with respect to your funds, but is acting only as an agent and custodian.”rn“You agree that you will not receive interest or other earnings on the funds that PayPal handles as your agent. PayPal will also not receive interest on those funds, but may receive a rection in fees or expenses charged for banking services by the banks that hold your funds”.rnPayPal严格区分用户自己的资金和自身的资金,不会将此资金It is not used for the company's operation or other purposes, and it will not attribute funds to creditors in the case of bankruptcy or other purposes. This shows that PayPal currently does not use user funds to earn interest income, and the user's funds will be deposited in a bank that will be deposited by the banks of the Federal Savings Insurance Company without joining another service "currency market fund" solution provided by PayPal. (FDIC-IINSURED BANKS) opened in interest-free accounts.
    payPal claims that they are the user's agent (Agent) in the user protocol, and are agency that helps users accept payment from third parties and pay to third parties. And in the user agreement, let the user clarify that (1) PayPal itself is not a bank itself, and the service it provides users is payment processing services, not the banking business; People, or when they are mature, are transferred to the third parties to the assignee, but as the user's agent and the manager of the funds.
    The user protocol based on PayPal, we can think that PayPal provides a network payment processing service among users of buyers or sellers for their users or sellers. In other words, after the user accepts the user agreement, there is a contract relationship between PayPal and users to provide network payment services and accept network payment services.
    In Paypal (US) user protocol, PayPal said that he was the manager of the user's agent and user funds in the process of the entire service. We believe that the legal issues involved in PayPal can be concentrated in the following Interest: The relationship between users and the relationship between the bank (credit card), the legal status confirmation of Paypal's legal status. The relationship between
    Paypal and users
    It also mentioned in the user protocol in PayPal (US), "PayPal Acts as a Payment Services by Creating, Hosting, and Providing Our Service to You Via the Internet. We do not have any control over the procts or services that are paid for with our Service. We cannot ensure that a buyer or a seller you are dealing with will actually complete the .”这里可以看到前面一段澄清PayPal和用户的之间After a broad agency relationship, it also explicitly stated that he, as a provider of online payment services, does not guarantee whether the buyer and the seller really fulfill the transaction.
    We believe that it is defined as an agency in PayPal's U.S. User Agreement, that is to say, PayPal is based on user instructions and requirements to complete online payment in the name of users.
    It can be said to be a broad concept in British and American law. According to the theory of Agency Law in the United States, the agent is a trustworthy relationship, and one of them agree to implement certain behaviors for the interests of the other party under the supervision of the other party. Although the agency relationship does not necessarily have to be based on a contractual relationship, it is basically a conformity: that is, he requires him to indicate that he is willing to represent him on behalf of him as a certain behavior and assume its consequences; Accept your instructions or control. This consent can be expressed, or it can be inferred from the actions or situations of both parties.
    Is when PayPal's acting as a user handles network payment related matters, PayPal's responsibility is based on its statement and promise in the user protocol, and fulfills the obligation to pay the payment notice and the obligation to collect the payment notification by mail in the form of mail. Essence Of course, as an agent and the manager of the funds (custody) of the user's personal information, the account information of the account should have a certain confidentiality obligation and ensure the security and smoothness of the online payment funds. PayPal specifically mentioned in the user protocol that funds do not use funds for other purposes of the company, and in the case of the company's bankruptcy, the user's funds are not attributed to the creditors' name.
    Paypal and bank (credit card) relationship
    It can be considered like this. On the one hand, PayPal provides services for customers who accept their user protocols. Credit card organizations and banking systems to build their own service framework. PayPal is a receiver for banks and credit card organizations, that is, users put funds in PayPal's account through credit cards or bank accounts. PayPal needs a service agreement with the bank (credit card organization) to clearly clarify the rights and obligations of both parties, mainly in the following aspects:
    1. Organizational or banks are allocated in accordance with PayPal's (user instructions) required;
    3. Confirmation of possible fraud and refund requirements.
    It can be said to further refine and virtual networkization of credit cards and banks in the process of payment. It is an extension. Essence This will inevitably lead to a close combination of PayPal and credit card organizations and banking business. For example, PayPal must often adjust its relevant policies to consistent and coordinate with the rules of credit card organizations, as well as regulating the relevant laws of credit cards.
    The payment security problem is a problem that both users and PayPal are very concerned. Although the email address is used as an account on PayPal, and the simple execution password is used as the command and instructions for payment to avoid the credit card information and other bank accounts The information revealed the risk of leaked in the process of other merchants. However, in PayPal's practice, there will still be a problem of network integrity and security, as well as privacy and consumer protection issues in the services involved.
    For this reason, PayPal has introduced some policies and measures to ensure the security of online payment. For example:
    account authentication
    The user can choose to register one of the three accounts for payment. Personal account (Personal Account), high -end accounts (Premier Account) and Business Account. After confirming that a account is selected, users need to bind a bank account or a credit card before using the payment. At this time, PayPal is right to Validity of credit card accounts and bank accounts and user identity. Adopt "Random DEPOSIT" for American users. When the user registered, PayPal randomly deposited two small deposits into the account. After 2-3 working days, users can consider the amount of these two deposits and activate the activation as activation The code of code is completed on the PayPal page. The other is for users outside the United States. These customers need to pay a $ 1.95 of PayPal before opening accounts. Then users will get a monthly order, bank account bill dialogue, and online access to the credit card monthly order, bank accounts, and online access. A 4 -digit code, if the customer enters the 4 -digit code correctly on the PayPal page, the customer's account is certified successfully. The $ 1.95 amount will be returned to the PayPal account. rn交易保护rn基于PayPal初始依赖于eBay不断扩大自己业务的关系,PayPal专门设置了一系列针对网上交易的安全支付政策,有买方申诉政策、卖方保护政策、买方保护政策和Refund guarantee policy. Among them, the buyer's appeal policy and the buyer's protection policy are mentioned that PayPal has obviously inconsistent with the goods that the seller has not delivered, the goods and description received by the seller, and provide a certain refund guarantee. In addition, according to the "E rules" (Note 1) formulated by the Federal Reserve, if the funds are set up through a credit card and unauthorized, users can enjoy the refund guarantee provided by the card issuer.

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