Define light-year: a unit of length in astronomy equal to the distance that light travels in one year in a vacuum or aboutâ¦ â light-year in a sentence a unit of length in astronomy equal to the distance that light travels in one year in a vacuum or about 5.88 trillion miles (9.46 trillionâ¦
Mass Payment Processing. The biggest difference between Business and Premier accounts on PayPal is the payment system. With a Business account, you can send mass payments to large groups of people at once; the Premier account requires that you handle payments individually. Mass payments might be used to pay affiliates, pay employees or transfer rebates.
PayPal Holdings, Inc. is an American company operating a worldwide online payments system. Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee. Established in 1998, PayPal had its IPO in 2002, and became a wholly owned subsidiary of eBay later that year.