By accessing the STAR Online Partner service, consumers can enroll for a PayPal account via their financial institution’s online banking website. After they register, they can add funds to their PayPal account with their debit cards and pay for online purchases without having to disclose debit card account details.
A 2008 Study of Consumer Payment Preferences conducted by Hitachi Consulting and the Bank Administration Institute (BAI) indicates that credit cards rank highest in terms of penetration levels among online buyers, followed by both debit cards and online payment services such as PayPal. eBay`s online payments business unit has also partnered Green Dot, a US retail based financial services provider, to allow US consumers to load money directly to their PayPal accounts using Green Dot’s MoneyPak.
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