Ralph Breaks the Internet is a film produced by Walt Disney Pictures in 2018. Although this film is built around the destruction of the emotion between King Ralph and Yunilup. At the same time, the film shows the audience the internal virtual structure of the fast-growing Internet. People have a deeper understanding of the Internet and eBay payments. This film is a bridge between reality and the virtual world.
The popularity of the Internet makes online shopping more convenient. Of course, this also requires the help of online payment– PayPal.
A brief introduction to the history of PayPal
PayPal, an Internet third-party payment service provider based in San Jose, Calif., allows funds to be transferred between users who use e-mail to identify their identity, avoiding traditional methods of mailing checks or remittances. PayPal was founded in December 1998 by Ken Howery, Max Levchenko, Elon Musk, Luke Nosek, and Peter Tiel.
Since then, PayPal has expanded its business since 2000, including launching businesses in other countries and joining currency units other than the US dollar, including the British Pound, Canadian Dollar, Euro, Australian Dollar, Japanese Yen, New Taiwan Dollar, and Hong Kong Dollar.
In October 2002, eBay, the world’s largest auction site, acquired PayPal for $1.5 billion, and PayPal became one of eBay’s main payment channels. Today, PayPal has supported more than 193 locations with more than 250 million registered users (2012). PayPal is currently the world’s largest online payment provider.
On May 18, 2018, PayPal invested US$2.2 billion (approximately HK$17.16 billion) to acquire Swedish startup iZettle to expand its in-store payment service coverage. On June 4th, PayPal acquired Jetlore, an artificial intelligence (AI) retail system developer. On June 20th, PayPal spent $400 million to acquire the group payment platform HyperWallet. On June 25th, PayPal spent $120 million to acquire the anti-fraud risk management platform Similarity, which will strengthen its related security functions.
Why choose PayPal as a payment method
PayPal will often check the IP of the user’s login account. If the IP is changed frequently, which can effectively prevent the account from being stolen. Privacy is protected through PayPal, which is very popular with consumers.
In eBay transaction, both buyer and seller will be protected by the rules of “credit” and “evaluation”. However, its protection mechanism is biased towards the buyer side. Trading outside of eBay, PayPal can return the money as soon as it complains to PayPal about “unauthorized transactions” or complains to the bank that “credit card has been stolen.” For this mechanism, PayPal offers a refutation period of 60 days. After the buyer pays, the buyer can initiate a complaint that the goods have not been received within 45 days, the product received does not match the description and the dispute can also be initiated.