All About Using PayPal

Paypal is an e-commerce website that allows people to send and receive money without revealing their credit card numbers. Paypal has become an alternative to traditional paper checks and now serves as the largest money transferring website in the world. Read below for tips on how to use Paypal to send or receive money online.

 

First, you need to sign up for a Paypal account. A personal account allows you to send money to people free of charge, as well as shop online without revealing your credit card number to businesses. If you plan to sell things online through an e-commerce site, a Premiere account is for you. This allows you to accept Paypal payments for a low fee. A Business account is the final option and allows business owners to complete financial transactions through a merchant account. 

 

Once you decide upon an account type and sign up, you will need to enter your bank account information or link your credit card to Paypal. This way, you can easily purchase items online, as well as withdraw money from your Paypal account into your bank account (or vice versa). Most online stores have a Paypal icon that allows you to send money directly to them for an item. You can send money to anyone who has an e-mail address that is linked to Paypal, however. 

 

When you pay a business or individual, you can have the funds taken out of your Paypal account or directly from your credit card. The latter option is best if you have limited funds available in Paypal, and Paypal will still hide your credit card number to protect your security. Once you make a payment, confirm it and make sure it shows up on your account balance. If you use Paypal to send money from your credit card account, there may be a delay before it shows up on your balance. You should also always receive an e-mail receipt from Paypal for every transaction completed.