What exactly is paypal and how do you use it?

I really need help using paypal..

First I really do not get how the general idea works. I started selling t-shirts as some kind of personal business thing, but I wanted to allow customers use paypal.

How does this work?

Do customers need a paypal account? Do they send me money? Where do the money go in? Do I

I really need help using paypal..

First I really do not get how the general idea works. I started selling t-shirts as some kind of personal business thing, but I wanted to allow customers use paypal.

How does this work?

Do customers need a paypal account? Do they send me money? Where do the money go in? Do I need to tell paypal my banking account and the money will get in my bank account?

Is paypal trustworthy? and what kind of bank account can I choose for paypal?

Best Answer:

Kevin: Paypal creates an online wallet to store money
You can take money in or out of the Wallet
You link a bank account to the wallet where you can send some of the payopal money once is reaches a certain level,
Or you can Put money into Paypal Wallet to use of EBay or anywhere else

It is recommended you set up a separate bank account to deal with Paypal –

They need a paypal account too – they put money in their acount an Email it to yours – then you can transfer it to you Real bank account if you choose – or spend it else where through paypal

Other answer:

Kevin:
To use Paypal, both you and your customers need to be 18 or older. Are you?
Elaine M:
I was hesitant and did a lot of research. It turned out to be a godsend, not only is it quick and takes very little from each transaction, it does credit cards and even accepts money from overseas so you don't have to exchange that at the bank.

PayPal is a money transfer company. It's not a bank so it doesn't abide by banking rules. You sign up in 5 minutes, put in your charge card number and bank account number (to let them know where to route money to your account) and you're good to go. For someone to transfer money to you they have to have your email to your PayPal account. They put that in, type in the money total and 'send'. You get a notice it's in your account, log on and transfer it to your bank. The transfer takes 1 to 2 days.

I've had only one issue in the 9 years I've been using it – and that was when our power went out for a week and I missed seeing that I had an order and payment given for it. The person complained that they didn't get the item and PayPal sent me a notice. I emailed back to PayPal about the flooding and our system being down and the error was corrected.

It's safe, it's worldwide, and I am glad I have it because in the first 3 years I was able to get more sold due to its convenience than if I'd have asked for a check or money order, to the tune of $6,000 in sales.

It takes only 10 minutes or so to sign up for a free basic account. If you're going to be transferring $500 in payments per month or more, then you'd need to get a paid business account through them. There is a $500 monthly withdrawal limit on the basic accounts.

Customers would need to have a paypal account themselves, but pretty much anyone already does. Don't leave the money sitting in PayPal and treat it as a second savings account. If there's any issue with your use of it PayPal can freeze it and you're locked out till the issue is resolved. There is nobody to phone, all contact with PayPal for disputes are done via email.

Aleida:
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