How to Make an App Like PayPal?

1
How to Make an App Like PayPal?
2

• Introduction 

• Are you wondering how to build a payment app like
  PayPal? Then, you are at the right place to get
  the answer. Currently, online mobile payment apps
  like PayPal have the access to a large
  marketplace and hence, there can be seen a sudden
  upsurge in eWallet app development services. If
  we put all the money-making profits aside,
  innovations in the payment provider industry
  provide a chance to make a positive impact on the
  users quality of life.
• Payment apps like PayPal Paytm are emerging as
  the core structure to do payments while doing
  activities like shopping, or transactions of
  money to each other. People have become more
  dependent on these apps and dont prefer to carry
  cash in their pockets to make payments for
  regular stuff.

3
History Overview of PayPal

• PayPal was launched in December 1998 by Max
  Levchin and Peter Thiel in Silicon Valley,
  California.
• In October 2002, eBay acquired PayPal by phasing
  out Billpoint and unified it into its services.
• The total payment volume of merchant services as
  a percent of complete payment volume was recorded
  around 53 in Q1 2009, whereas the Bill Me Later
  total payment volume was approx. 1 in Q1 2009.
• Currently, PayPal is known as a popular, safer,
  easier platform for money transfer between
  merchants and email users.
• This app permits its members to transact money by
  using multiple gateways such as bank accounts,
  credit cards, etc. without sharing any personal
  or financial data.
• At present, this app is having 75 million
  accounts active in 190 markets along with using
  19 currencies worldwide which enables global
  eCommerce.

4
How Does it Work?

• PayPal works as a middleman between sender
  receiver and doesnt hold any physical money of
  the user.
• It has an extra security layer that safeguards
  all the users data, such as accounts, credit
  cards, personal information, etc.
• This app is easy-to-use free, and users can
  transact the money via an email address, doesnt
  matter they have a PayPal account or not?
• It has three types of different accounts-
• Personal- For occasional online purchase
• Premier- For user's own business
• Business- For high transaction volume

5
Why There is a Need for PayPal?

• There are a lot of reasons and advantages
  provided by PayPal and it is because why several
  businesses are interested to obtain a PayPal app
  clone with the help of a top eWallet app
  development company.  Here are some advantages
• Easy to transact money while buying services
  products faster than anything.
• Payment will be directly sent from one bank
  account to another.
• It is a convenient, reliable, secure, and
  immediate service provider.
• Payment will be deposited into the account of the
  seller.
• eBays tools merchant services are free for
  users.
• Payment transactions are available locally and in
  190 countries regions across the world.  

6
Features

• To build your own payment app like PayPal or have
  digital wallet mobile app development services,
  it is necessary to add some advanced features and
  functionalities to grab the attention of target
  audiences. Here are some of them-
• Robust security features comprising fraud
  screening, encryption, and address screening.
• A PayPal business app must enable users to link
  their accounts with credit and debit cards, and
  other bank accounts.
• Easy integration with different shopping carts
  and POS functionalities.
• Different uses right from an online store to
  individual payments.
• Build a payment app by integrating data security
  tracking in terms of credit card information
  storage.
• Develop apps like PayPal that include faster KYC
  (know your customer) processes and operate by
  applying stringent regulations.

7
Technologies

• You can hire eWallet app developers to integrate
  the latest technologies and tools that are
  significant to create an app like PayPal while
  catering to the needs of customers with fast
  performance.
•    
• Data Encryption- SSL, HTTPS
• Web Development- Node.js, JavaScrip
• Programming Languages- Kotlin, Swift, Java
• Frameworks- PHP, Java EE, Express

8
Contact US

• To get more news updates about the latest
  trends technology, do follow us on

• Email Id sales_at_semidotinfotech.com
• Website https//semidotinfotech.com/
• Facebook https//www.facebook.com/semidotinfo/
• Twitter https//twitter.com/DotSemi
• Linkedin https//www.linkedin.com/company/semidot
  -infotech-pvt-ltd

9
Thank You for Watching!!