The $1 USD is a pre-authorization fee, mainly used to test whether your credit card can be used with PayPal. When your credit card passes the test, a $1 consumption record will be displayed on your credit card record. It is said to be an international practice that if you have not paid with a credit card, it must be verified. It will not be verified next time. After the test is completed, the $1 charge will be cancelled. Deduction failure means that your credit card issuer has rejected Paypal's $1 prepayment request.
You need to call your credit card issuer for details.
It is recommended to change the credit card association.
PayPal
PayPal (NASDAQ: PYPL) was founded in December 1998 by Peter Thiel and Max Levchin. It is a company headquartered in San Jose, California, USA. online payment service provider. Adhering to the corporate philosophy of "inclusive financial services for the public", we are committed to providing inclusive financial services, combining technological innovation and strategic cooperation, creating better ways of fund management and mobility, and providing flexible options for transfer, payment or collection. Helping individuals and businesses participate and succeed in the global economy.
PayPal also cooperates with some e-commerce websites and becomes one of their payment methods; however, when transferring money using this payment method, PayPal charges a certain amount of handling fees. In December 2018, the World Brand Laboratory released the "Top 500 World Brands 2018" list, and PayPal ranked 402nd. On October 4, 2019, PayPal announced its withdrawal from the Libra Association, becoming the first member to withdraw from the organization. In 2019, it was selected into the "2019 Forbes Top 100 Global Digital Economy", ranking 33rd. [2] In October 2019, Interbrand ranked 72nd on the top 100 global brands list.
On March 8, 2021, the online payment platform PayPal announced that it would acquire Curv, a digital cryptocurrency secure storage technology company, to accelerate and expand its plans for cryptocurrency and digital assets.
PayPal is an international trade payment tool that is highly sought after by hundreds of millions of users around the world. It provides instant payment, instant arrival, and a full Chinese operation interface. It can easily withdraw cash through local banks in China, solving the problem of foreign trade collection and helping You successfully carry out overseas business and win the world. Sign up for PayPal and start accepting credit card payments immediately.