answer business management question: If credit cards are so widely accepted and globally used, why is there a need for PayPal system? Highlight all the intermediaries between the buyer and seller to differentiate between the two systems

Credit card payments system as an intermediary, is well accepted and trusted globally. PayPal is less than 10 years old and is today a US$54b business  . If credit cards are so widely accepted and globally used, why is there a need for PayPal system? Highlight all the intermediaries between the buyer and seller to differentiate between the two systems

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