Introduction Background Nowadays, the Internet creates numerous opportunities for people, who decide to purchase or sell goods and services or develop a new business online. It does not take much time to surf the web, choose a product or service, and make a purchase. People enjoy the existing variety of options and their personal freedoms. At the same time, they want to make sure that their business development meets the standards and lead to profits and incomes. Business velocity is the factor that contributes to the growth of business considerably (Cohn, 2015, par. 1). However, it is necessary to understand that online operations have a number of peculiarities and obligations, and one of them is the necessity to choose a proper payment method (Reed & Walden, 2013, p. 201). Online, mobile, and electronic payment systems vary considerably and have to meet the requirements of business developers in a no-matter-what industry (Cohn, 2015, par. 1). Besides, it is expected that humanity and the creation of cognitive systems online could augment human decisions and promote opportunities for a successful business (Wang, 2015, p. 151). Situation The development of a new business is the opportunity to create an idea and promote it in the most appropriate way. People have to take into consideration a number of issues such as the choice of a platform, the conditions under which the cooperation with customers is possible, organizational culture, and the goals that have to be achieved. Online businesses are based on the relations developed by online communities that could be located in different geographical places (Morabito, 2014, p. 126). Online payments are the activities that have to be established in such communities in order to make sure that employees could get their salaries, customers could make payments, and managers could organize the required portion of financial operations. It is very important for a company to choose a payment method online and make sure the choice has enough grounds and explanations. Importance of Choice Today, online users have access to a variety of online payment systems (Reed & Walden, 2013, p. 201). It is hard to make the right choice in a short period of time. Therefore, analytical reports and comparisons should be promoted. In this report, the peculiar features of two online payment systems, PayPal and Bitcoin, will be compared and explained in terms of security, customer satisfaction, popularity, pricing policies, and technological issues in order to clarify which system is best for the development of new business online. This report will be divided into several sections so that the discussion of the platforms and features of PayPal and Bitcoin could help to create a solid basis for these companies’ comparison and recommendations for online business developers. Paypal History PayPal is a famous American company that aims at operating an online payment system and money transfers around the whole world. It was founded in 1998 and became a significant part of the digital payments revolution ( PayPal about Who we are, n.d., para. 1). Nowadays, it is available for the citizens of more than 202 countries who could make their payments in more than 100 currencies ( PayPal about Who we are, n.d., para. 2). One of th