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PayPal is an online auction service that allows sellers to
accept multiple forms of payment from buyers. You can accept several major
credit cards, e-checks, and instant bank transfers. The buyer and seller must
both establish a PayPal account, then when an item is sold, the seller can go to
PayPal and pay the amount due to the sellers account. PayPal is the service used
by eBay, and is widely well used on the internet as this type of service. Below is some information from the PayPal website:
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