In this regard, PayPal has taken the role of This aligns with PayPal’s strategy to create its own payment ecosystem. PayPal has gotten harder to classify these days as it has taken a number of roles in the payment value chain. The issuing bank will also work with processor, such as TSYS and First Data to record, authorize transaction, and handle clearing and settlement. Most of the acquiring bank will partner a company that specialize in payment acquiring such as TSYS or First Data to provide the acquiring service. bank) registered on the network as an acquirer. Mastercard & Visa states that an acquirer must be a financial institution (i.e. More specifically, this network connects the issuing bank (consumer), acquiring bank (merchant), processors, and register (POS or payment gateway for online). Its network is used to authorize payment between seller and buyers. Credit card companies connect the banks, and its model can be simplified to providing the highway, and collecting the toll for using it. In the payment ecosystem, I think it’s easier to understand credit card than Paypal. Ever wondered what’s the difference? As someone who is passionate about payments and believe in understanding the basics, I have decided to write about it. PayPal is only accepted in the PAL website.When you make a purchase online, you are presented with the option to pay with PayPal or credit card (Visa or Mastercard). Currency conversion may happen if your funding currency is not in the supporting list (i.e, MYR.).Ĭan I pay with my PayPal account for my airfare at the PAL Ticket Office?No. PAL supports 11 transaction currencies in PayPal: USD, SGD, AUD, CAD, GBP, HKD, JPY, NZD, PHP, THB, and TWD. What is the currency that will be charged to my account?Based on your selection of itinerary, point of sale currency will be displayed clearly on the checkout page before you make a payment. If the transaction was charged but you did not get a confirmation/itinerary receipt, please email call PAL reservations at (+632) 8855-8888. If the transaction was not charged, you will need to create another booking. What do I need to do when I get a timeout response?You need to contact PayPal to confirm if the transaction was not charged to your account. It could be because you have been inactive on the page for a long time, the transaction was discontinued or abandoned, or there was a network or power failure. Why am I getting a timeout response?You are getting a timeout response because our payment gateway was unable to complete the payment transaction. If there is a problem with the payment, you should be able to receive a payment timeout notification prompt. What should I do if I have not received the confirmation/itinerary receipt?Please email or call PAL reservations at (+632) 8855-8888. How do I make sure that the transaction was processed?You will receive a confirmation/itinerary receipt when the purchase is made to confirm that the transaction and payment have been completed. Alternatively, you can go to PayPal’s website ( ) to create your PayPal account. ![]() You can link your debit or credit card to your PayPal account and check out immediately on PAL. Simply select PayPal as your payment option and you will see a “Create an Account” button on the PayPal login page. If your PayPal balance does not have enough money to cover the transaction, you can select another payment method (bank account or debit/credit card). If I select PayPal as my payment method, how will I be charged?PayPal uses money from your PayPal balance first. You will be directed to the PayPal checkout page wherein you can log in with your username and password to confirm your PAL ticket purchase. Once you have completed the booking process and you reach the payment page, you can select PayPal as a form of payment. When you don’t have enough money in your PayPal balance, you can also choose another payment method (bank account or debit/credit card). How can I pay with PayPal?You need to have a PayPal account with sufficient amount for you to make a purchase using PayPal. ![]() PayPal uses data encryption and anti-fraud technology to keep your information secure, reducing the risk of online fraud. Plus, you can pay with your credit card without exposing your credit card number. Speed through checkout with PayPal, no need to enter all your financial information every time you shop. PayPal is a service that enables you to pay online.
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