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Pal is one of the most popular ecommerce payment processors that enable secure payments over the internet. Because of its popularity and the level of security of ensures, it is one of the most common modes of payment, preferred by both ecommerce sites and online casinos. Pay. Pal was founded in 1. Palo Alto, California. Today, it has over 1. In early 2. 00. 0, Pay. Pal was the preferred mode for online payment for auctions on e. Bay, beating the ecommerce site's own payment option called Billpoint and Citibank's c. In February 2. 00. Pay. Pal had processed payments for over 2. Bay, while Billpoint had only 4. Only two months after that, in April, Pay. Pal was being used for more than one million auctions that took place on e. Bay. This amazingly quick growth of the payment processor was one of the reasons why it was acquired by e. Bay for $1. 5 billion in October 2. Author Profile: By.
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