According to TechCrunch, Paypal is processing about $315.3 million in payments per day. That’s how big Paypal is and projected to reach 5 million transactions each day. Paypal, a payment gateway facility, is used by millions of people to accept payments regardless of country origins. I used people to run my small freelancing business and online shop. I also use it to purchase items online and pay services that I’ve availed of. Despite the horror stories and identify theft cases, Paypal is still the next best thing since the invention of slice bread.