How does PayPal Work?

If you don’t know what PayPal is, you probably have not used the internet for purchases in a while. PayPal started out primarily as a service that was linked with EBay that allowed the users of EBay a way to insure their transactions in case of fraud. It is a service that allows a consumer to input their information into one secure site and use that site to make transactions throughout the internet. The use of PayPal is quickly becoming the universal banking system of the World Wide Web.

How do you sign up for PayPal?

Signing up for PayPal is easy and free. You just need to have a valid email address, a verified mailing address, and either a credit card, or bank account on file. To sign up you need to first decide whether you intend to use the site for personal, or business use. You can use PayPal to both send, and receive payments through the internet.

If you are running a business, or buying through a merchant, PayPal takes on the responsibility to resolve any issues that may arise. They give the consumer the additional security to know that they are buying with confidence each time they follow through with a transaction.

What are the benefits of PayPal?

By only entering your credit card information, bank information, and personal information on one secure site, you minimize the risk that it may be intercepted through transmission across many sites. PayPal also gives you the guarantee of resolution, and accountability to anyone who sells their goods using the PayPal service.

How do you make payments through PayPal?

You can either use a merchant link to make payments with PayPal. If a merchant gives you the option, you are directed to the PayPal site to enter your email ID. If you wish to make payment on your own, you can send money using the security of the site directly by using the recipients email address, or mobile phone number.

You are also able to transfer funds both into your PayPal account, and out of it. There are options to transfer funds from your PayPal to your bank account, PayPal Debit MasterCard, or to have a check mailed to your address. PayPal links your credit card and bank accounts to your account, so if you need funds transferred you can do it all from the convenience of the internet.

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