Paypal acts essentially as an online bank account. It enables you to safely send and receive money to buyers and sellers world wide with a small fee incorporated. Paypal offers direct credit card processing for Business accounts and is a great way to expand your market!
Paypal is a great and quick way to send and receive money without having to enter all of your payment details time after time. Most sites have a Pay with Paypal button that requires only that you login and choose which preset account you would like to pay from.
Benefits 1. Your credit card won't be revealed when you do transaction 2. when you are not from US or europe, You can shopping on the internet more freely, because now, lot of shop accept paypal. 3. The employer usually send the payment by paypal. etc
Alot of people have PayPal, its a quick way for them to make payments and they trust the service a lot more than putting their credit card onto a website themselves.
It works both ways. If you are an individual and wish to purchase online without revealing your credit card information then paypal would be very useful. If you are a seller and would like to accept credit card payments paypal provides you with that service too. However they do charge for every transaction - about 3% I think. If you are a business and want a secure way to process credit cards online you may want to look into getting a merchant account though.
Paypal has lots of advantage for you online business. You can use it to get payment from other on your site, pay for any goods instantly and most accurate with your security.