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Paypal is a site which now a days most of people use for online transactions. People use it to transfer and receive money as well as for online shopping.
Opening a Paypal account is very easy and simple. No special knowledge or business license is required to open a Paypal account. You only need to have a valid email address and a valid bank account and credit card.
Paypal is most trusted and user friendly site for online transactions. Whether you are a new user or someone who has opened a new online store, it is the most conventional way to send and receive money online. If you have a premiere or business account then it will charge you small fee on every payment you receive. So, for you a personal account will be the best option if you want to use it for online shopping or other small transactions.
Paypal provides full guarantee against any unauthorized transaction from your account. It does not reveal your account information while you make online payment. So, it is the safest mode.
Beside these there are many other benefit of using Paypal accounts. It saves a lot of time as you don't need to visit any bank or wait in queue to send money to your dear one. It provide the fastest and cheapest way to transfer money from one country to other.
You can also link Indian bank account with Paypal. And once you use it, you will fall in love with Paypal as it provides many discount coupons for shopping from hundred of online stores. So, feel free to use it if you are interested in online transactions.