Running head: THE PAYPAL MONEY TRANSFER SERVICEThe PayPal Money Transfer ServiceNameInstitution1THE PAYPAL MONEY TRANSFER SERVICE2The PayPal Money Transfer ServiceService DescriptionPayPal remains the leading peer to peer money transfer service in the world. Every onlineshopping site provides PayPal as one of the best options when it comes to money transfer serviceand payment option in the world. The company handles up to $7 million transfers per an hour.The company is devoted to improving its functionality by making the cash transfer to the bankcomfortable and convenient. Despite the fact that the company issues a debit card for thecustomers to access their funds from the bank most users tend to prefer direct transfer of themoney to the bank directly. And the entire process takes two to three business days to reflect inthe bank account (Obaid, Bayram, & Saleh, 2017).The company believes that with time ranging from the next view months, it could be ableto transfer money directly and more effectively to the bank accounts without any further delaysor wait time. The customers in possession of MasterCard's and Visa debits will be able toconfirm funds in their counts within few minutes with a longest expected delay of about half anhour. The instance transaction will be charged a fee of $0.25 per a deal through the standardtransfer and wait time will still be there as an option to use. The company experience asignificant competition from other organiz ...
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