PayPal, which holds the money until goods are shipped and accepted, acts as a:
ARating agency firm
BAuction house firm
CPayment intermediary
DShipping contractor
Answer & Solution
Correct answer: C. Payment intermediary
1. The buyer avoids paying an unknown seller directly.
2. The money is released later.
3. So it is a payment intermediary.
_Source: NCERT Class 11 Business Studies, Chapter 5, Emerging Modes of Business._
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