SUBMITTED TO: MERVYN SOOKUN
SUBMITTED BY: SAUMEN ADHIKARY
ID: L0722RBRB1010
STRATEGIC MANAGEMENT
Executive Summary:
Paypal is the largest e commerce business allows sending and receiving money through internet with safely. Transferring money with no traditional paper works and the process is quick as well. Actually PayPal is doing their business through the bank. They funded their account by a bank account or credit card at the person’s choice. Since 2010 paypal using bank verification because of security and safety reason. For exceeding the credit limit the payers must need to verify their bank account. Here I describe about their process of working, environmental analysis through swot, company brief and future project, their target and with own recommendation.
ITRODUCTION:
PayPal permits to any business or person with a valid email address to securely and cost-effectively receive and send money online. PayPal builds on the already exist economic infrastructure of bank accounts and credit cards to make a worldwide payment solution. They deliver product fit for small trade, online payers, personal and others recent activities by traditional payment value. The size of the network and expending acceptance of reliable service assist paypal to become no 1 leading networks in online payments solution.
PAYPAL WORKING PROCESS AND TIMELINE:
After opening in account with paypal must need to verify by bank statement document. They send a few amount of money to the bank statement and we need to submit the amount in payal website.
And code verification as well. The funding hierarchy working process: * A PayPal account with balance * Paypal extra, Paypal credit card, Paypal smart-connections or pay later option * A valid registered bank account * Different payment options such as non PayPal account * The receiver can either request a check from
References: 1) Hitt, Ireland, Hoskisson (dec 2011), strategic management, competitiveness and glovalisation 9th edition. 2) Philip Sadlar, James C. Craig(2003), Strategic Management 2nd edition 3) Gregory G 4) Charles W.L. HILL, Gareth R. Jones( 2007), Strategic Management: An integrated Approach 8th edition. 7) THE ECONOMICS TIMES (APRIL 6. 2012) http://articles.economictimes.indiatimes.com/keyword/paypal 8) ONE INDIA NEWS (JAN 6 ,2012) http://articles.economictimes.indiatimes.com/keyword/paypal