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PayPal enables anyone with an e-mail address to securely send and receive payments online. It is a network built upon the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution
Paypal works by transferring money between merchant/customer accounts. A customer creates an account and registers a credit card. The web site owner (merchant) also has an account. When the customer makes a purchase, the money is transferred between accounts by charging the credit card and placing the money in the Merchant's account.
Paypal also allows shoppers to 'charge up' their account with cash, so those without a credit card can just borrow one to Credit their account, and then spend the money where ever Paypal is accepted.
Paypal charges 3.4% + 20p per Sterling transaction plus £1 to transfer money into a UK bank account from a Paypal account. This is much higher than standard credit card banking charges
PayPal seeks to become the global standard for online payments. PayPal is a privately held company headquartered in Palo Alto, California. Paypal are not a bank and are therefore subject to Banking regulations.
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PDF (Portable Document Format) is file format developed by Adobe. PDF is Cross Platform, Navigational, Ultra-Printable, Ultra-Viewable and Smaller than other conventional document formats.
Using a special free program called Acrobat Reader, any one can view a PDF document, but is not able to alter it.
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Self-referentially short for PHP: Hypertext Preprocessor. PHP is a programming language used for creating dynamic web pages. PHP scripts (or programs) run on the server side (not your PC) when browsing the web. They are used to generate web pages from predetermined formatting rules and parameters. An example which is this page.
The PHP behind this page reads information from a database and then generates the web page.
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A (usually small) piece of software that adds features to a larger piece of software. Common examples are plug-ins for web browsers like the a Macromedia Flash Player on Internet Explorer.
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The type of computer or operating system on which a software application runs. For example, some common platforms are PC, Macintosh, Unix, and NeXT.
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Usually used as a marketing term to described a Web site that is or is intended to be the first place people see when using the Web. Typically a "Portal site" has a catalog of web sites, a search engine, or both. A Portal site may also offer email and other service to entice people to use that site as their main "point of entry" (hence "portal") to the Web.
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The most common protocol used to connect home computers to the Internet over regular phone lines.
Most well known as a protocol that allows a computer to use a regular telephone line and a modem to make TCP/IP connections and thus be really and truly on the Internet.
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