PayPal is now available to Canadians Please read the paypal update. PayPal is a payment method that was first used for Auctions. It allows its users to pay each other with credit card without getting a merchant account.
Money is transferred from one users account or credit card to another users account.
When you want to withdrawal your funds Pay Pal will transfer them onto your credit card. There is no set up fees or monthly bills. There are advantages and disadvantages to using PayPal. The biggest advantages are obviously cost and convenience for you since there is no need to get a merchant account. Another consideration is brand awareness.