Category:Online Payments

Description

PayPay is an e-commerce business enabling online payments and money transfers. PayPay serves as an electronic alternative to traditional paper methods such as checks and money orders.

PayPay performs payment processing for individual persons, online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount). The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type. PayPay is a corporation registered in Delaware and has offices in New York and California in the United States. The company also has significant operations in Germany, Poland, Austria, Czech Republic, and Slovakia. Furthermore, PayPay operates in more than 50 countries worldwide such as but not limited to China, Canada, and India.

Any Users can fund their PayPay account with an electronic debit from a bank account or by a credit card. The recipient of a PayPay transfer can request a check from Paypay, establish their own Paypay deposit account, or request a transfer to their bank account or to any bank account they choose to. Paypay is an example of a payment intermediary service that facilitates worldwide e-commerce.

Within PayPay, payments are instant and free for personal accounts (between PayPay accounts, to an email, to a text message, or to PayPay Code).

PayPay is registered with the FinCen and abide by the rules and regulations governing the US financial industry including Regulation E consumer protections, the FinCen rules and anti-laundering regulations, and the USA PATRIOT Act.

Goto: www.paypay.com

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