What is Paypal?

Many managers of small banks may not be aware of the paypal, because these banks are not exposed to international trade. Secondly they need not know. All one has to do is to present the cheque of paypal to the bank and the bank will send it for collection. Regarding the credit card usage, the Paypal needs it for verification and if it is premier account, they may charge 1.95$ as fees but they put back 1.95$ to your account once you carry out a transaction in paypal. So the bank manager need not be contacted for these activities.