Which of the following statements regarding methods of payment is TRUE?
A) PayPal is known as a 3PPS.
B) PayPal is easy to use, but it is dangerous because it requires you to disclose personal banking details to a vendor each time you purchase online.
C) As its developers intended, the PayPal system operates on exactly the same principles and rules as traditional cheques.That explains why it is so popular with consumers.
D) In order to use PayPal with a particular online vendor, you must first provide that vendor with a void cheque from your bank.
E) PayPal operates like a credit card, except that the Government of Canada guarantees that you will be repaid if the online vendor fails to deliver as promised.
Correct Answer:
Verified
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