Why We Work With PayPal

Several people have asked why we rely on PayPal as the only transaction engine we use to handle payments from our customers. Simply stated, we believe PayPal has created the safest, easiest-to-use, and most cost effective platform for businesses and individuals to send and receive money. Accordingly, it is our belief that this method of electronic money exchange will become a widespread phenomenon over the coming years. Once independent, PayPal is now a subsidiary of e-commerce leader, eBay (NASD: EBAY).

Why should you rely on PayPal for your transactions? Here are a few points about PayPal:

• PayPal offers one of the safest platforms for online commerce with fraud rates at a fraction of those of typical e-commerce offerings.
• PayPal offers ease and flexibility, accepting all major credit cards (Visa, Mastercard, Discover, and American Express), as well as all major debit cards and direct transfers.
• PayPal offers low merchant rates with no set up or recurring costs.

Financially, PayPal has shown tremendous business fundamentals:

• PayPal successfully completes over 300,000 transactions per day with over 20 million accounts in 39 countries worldwide.
• PayPal is processing over $18 million in payments per day and has transacted over $10 billion in total payments since launching in 1999.
• While virtually all technology companies have languished in these difficult economic times, PayPal has shown tremendous growth.
• PayPal, and its new parent company, eBay (NASD: EBAY), are both profitable.

We have chosen to build our business on PayPal given this company's phenomenal success and achievements. We hope you can share our confidence here as well.