How does Pay Pal work?

I haved signed up for Pay Pal. Thats it. I don't have a clue on how it works

Comments

  • PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.

    A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.

    PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount).

    On October 3, 2002, PayPal became a wholly owned subsidiary of eBay

    Hope this helps

    Mouse

  • Its a really secure form of money transfer. You can either connect your credit card or your bank account. So supposed you bought an item from ebay. You check out using paypal and paypal will sent the selller the price of the product and then from there your credit card or your bank account will be credited. In the case of having something not show up or just plainly screwed out of your money you launch a dispute with the seller and you will get your money back. Paypal is 100% safe and secure and DO NOTTTTTT use anything but Paypal.

    Hope I helped,

    Cheers

  • What would you be buying from? If you are buying from ebay, make sure paypal is "hooked up" to your credit cards/bank account, what ever, then when you go to check out with an order on example: EBay. You will buy the item, then click pay now, then log into paypal, then click submit. It's VERY easy.

  • In a nutshell, you're paypal is linked to you're bank account when you purchase something on lets say ebay. You will be paying with paypal but unless you have a balance in you're paypal account (a seller would) you will be taking money directly out of you're bank account. It takes a little time to set up but it really is one of the easiest ways to pay online

  • you put either a bank account # or a credit card # and then you can send money to other people using their email and receive money by having other paypal members send you money using your email. thats the basic Idea.

  • U can send payments from there,

    Also, if u sell things on the internet

    e.g) Ebay

    Thats where your money is transferred to ,

    u then have to transfer your money from paypal to your bank account

    -0x

  • its just a way to pay things on the internet

  • you have your credit card details on it, now you can use your credit card over the internet

  • its like an online wallet. you can put money in there, spend it, take it out, send it and save it.

  • it works on ebay. and any way, answer this question please?!

    http://answers.yahoo.com/question/index?qid=200904...

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