Before knowing How Does PayPal Work here you can go through some interesting facts. PayPal makes its own money in two ways. .pp-header .header-buttons .pypl-btn--outline-white.pypl-btn--small { background-color: #fff; } #SplitPanels-1208865351119429 { Once you’ve done that, you conduct transactions by clicking on the icons on the top right of the page or the menu. margin: 0 auto; How Does PayPal Work for Sellers?. /* Join over 300 million PayPal users */ Personal: Use this when you need to send money to your kid in college or pay back your roommate for saving you from great embarrassment when you left your wallet at home on a double date. padding-top: 20px; If you want to send a transfer, you must have a credit or debit card registered with PayPal as a backup for your funds. You can register multiple credit cards on your PayPal account and select a different one for different types of purchases. } PayPal is perfect for subscriptions and all sorts of regular payments. PayPal provides an easy and quick way to send and request money online. Putting your PayPal purchases on a credit card is a good idea. Choose your own link. @media (min-width: 576px) { You can also enter your bank account information so you can transfer money between your accounts. This balance is first applied to any purchases you’ve made. } width: 50%; The Scam: This scam involves a scammer asking for the items to … #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { The Balance. .commerce-platform-hero__headline.pypl-heading { .pp-header .header-buttons .pypl-btn--outline-white:hover { } .content-panel, .mobile-flex-column .content-panel { See PayPal.Me In Action How PayPal.Me Works. .pp-header .pp-header.pp-header--submenu-open .main-link:hover { } } When a buyer wins an auction, has a best offer accepted, or purchases an item at full price, the seller will send an invoice to the buyer. } When you sign up for PayPal, you can link your credit card account, your bank account, or both to your PayPal account. .pp-header #signup-button:hover { .pp-header .pp-header.pp-header--menu-open .main-link:hover, h3.content-panel__headline.pypl-heading { .disclosure p { .pp-header.pp-header--menu-open .main-menu a:hover, .pp-header.pp-header--submenu-open .closer-mobile button.pypl-header__subnav-control--is-active, color: #2c2e2f; Then, when your account has no balance, you can choose to pay by credit card. .content-panel a[target="_blank"]:after { Online payments. } By Victoria Rosenborg, Marsha Collier . Opt to Be Paid Less Often. font-family: PPUI-Icons !important; .pp-header .closer-mobile button.pypl-header__subnav-control--is-highlighted, } Create your own PayPal.Me link and share it instantly with anyone: friends, customers, or partners. It was acquired by eBay in 2002 for $1.5 billion. To get started setting up a PayPal account, go to paypal.com and click “Sign up” in the top right corner of the page. .pp-header.pp-header--submenu-open .main-link:focus.pypl-header__subnav-control--is-active, font-weight: 700; } Millions of people trust PayPal to buy, sell, and send money—without sharing their financial information. 1. font-weight: 700; To get started with PayPal, link your favourite debit cards, credit cards, and bank accounts to your PayPal account. First, you have to sign up for PayPal Credit, which gets you a line of credit worth a minimum of $250. .statement .col-md-10:first-child { #SplitPanels-1208865352860430 .content-panel, .content-panel__list-item a, color: #2c2e2f; After the … background: #fff; How does PayPal Work June 17, 2015 April 4, 2018 Kamal Kaur Your PayPal account is much like any savings or checking account, except that PayPal was designed specifically for online transactions. padding-bottom: 20px; @media(min-width: 576px) { Here’s how PayPal defines an eCheck: An eCheck is an electronic payment funded by the buyer’s bank account. When you’re using the cash-advance feature for the Send Money→Personal payment type, consider using a payment method other than credit card to avoid possible credit card fees for a cash advance. } } margin-left: 0; .pp-header.pp-header--menu-open .main-link:hover:hover, #CommercePlatformHero-120522161611981727 h1.h2.commerce-platform-hero__headline { /* Closing CTA */ It’s simplest to keep your books balanced if you withdraw any PayPal balance to your business account before making a purchase. line-height: 0; .pp-header.pp-header--submenu-open .main-link:hover:hover { } .pp-header .main-menu a, Nothing to do with the seller as they get credited the funds instantly, all it means is that paypal wait a bit longer before debiting your bank account. And you can start accepting money from anyone in an instant. .pp-header.pp-header--submenu-open .main-menu a:focus, background-image: url(https://www.paypalobjects.com/digitalassets/c/website/logo/full-text/pp_fc_hl.svg); } #SplitPanels-1208865355233431 .content-panel, width: 280px; padding-top: 60px; #SplitPanels-1208865351119429 .simple-image-panel img { .pp-header .main-menu a:focus, } width: 100%; .pp-header.pp-header--submenu-open .main-link:hover.pypl-header__subnav-control::after { @media (max-width: 575px) { box-shadow: none; To use PayPal, you have to link it to either your bank account or credit cards (Visa, MasterCard, Discover or American Express). border: 1px solid #0070ba; .statement .col-md-offset-1:first-child { How does it work? } .pp-header.pp-header--submenu-open .header-buttons .pypl-btn--outline-white:active { padding-top: 75px; You can transfer money (abroad) to family, friends, online shops, and auction sites like eBay. .pp-header.pp-header--menu-open .closer-mobile button:focus, Get the PayPal app PayPal business app. @media (min-width: 576px) { /* White Header Styles */ PayPal Me launched in the US a few years back, and allows users with a PayPal account to create a customized link to send to friends, family, clients or customers, to request a payment.¹ . .pp-header .pp-header .closer-mobile button, .pp-header.pp-header--menu-open .main-link:hover.pypl-header__subnav-control::after, .disclosure p+p { .pp-header .main-link:hover:hover { .pp-header.pp-header--menu-open .main-link:focus.pypl-header__subnav-control::after, flex-direction: inherit; background-color: #005ea6; #SplitPanels-1205221553865291 h3.content-panel__headline.pypl-heading { padding-bottom: 10px; #Statement-12088644167556 .statement__paragraph { #Statement-12088644167556 .statement__headline { .pp-header #menu-button:before { #CTA-120522155214968232 .pullout__btn--center:hover { Not only are you protected by PayPal, but your credit card company also backs you up in case of fraud. } } font-size: 1rem; Like many great ideas, the fundamentals of PayPal are pretty easy to grasp. Our focus on fraud protection, 24/7 monitoring, and secure encryption technology is one reason why we’ve been a trusted brand for over 20 years. .pp-header.pp-header--submenu-open .closer-mobile button.pypl-header__subnav-control--is-highlighted, .mobile-flex-column .content-panel { } How PayPal Works With eBay Transactions . } All you need to send money to family or friends is the email address of the recipient. background-image: url(https://www.paypalobjects.com/marketing/web/shared/how-paypal-works/hero-desktop.png); #SplitPanels-1208865352860430 .row { @media (min-width: 1152px) { You don’t need a backup source of funds when you use eCheck. Pay for online items on the websites where they’re listed, and nowhere else. } } background-color: #eaeced; .mobile-flex-column .row { border: 0; Both buyer and seller deal with PayPal instead of each other. } flex-direction: inherit; @media (min-width: 576px) { } text-align: left !important; How Does Paypal Work for You as a Seller? } Other prepaid debit cards that you use as a substitute for checking accounts often do not work. .pp-header .closer-mobile button.pypl-header__subnav-control::after, #CommercePlatformHero-120522161611981727 { font-variant: normal; Merchant Solutions. Credit card: Charge it! /* Hero */ #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line { max-width: 500px; .pp-header.pp-header--submenu-open .main-menu a:visited { } font-family: PayPalSansSmall-Regular,Helvetica Neue,Arial,sans-serif; #Statement-1208865252274428 .statement__headline { font-size: 1.7rem; It’s just like writing a check from your checking account; it can take from three to five days for an eCheck to clear. } line-height: inherit; eCheck: Sending an eCheck isn’t as “instant” as an instant transfer. font-size: 1rem; I have … #SplitPanels-120327150345144 .simple-image-panel img { background-color: #0070ba; That person can then immediately transfer the money to his or her personal bank account. padding-top: 11px; margin-left: 5px; max-width: 760px; } color: #2c2e2f; To create your account, go to the … } } background-position: center; .content-panel__cta { An eCheck must clear the bank before it’s credited to the recipient.   If you and your partner use cards with the same card number, which is common for credit cards, but less common for debit cards, only one of you can use that card with your PayPal account. .pp-header:before { .pp-header .main-link:focus.pypl-header__subnav-control--is-highlighted, #Statement-12088644167556 { @media (min-width: 950px) { } } .pp-header .main-menu a:hover, .pp-header.pp-header--menu-open .main-link:focus.pypl-header__subnav-control--is-highlighted, } #CTA-120522155214968232 .pypl-heading.pullout__headline { } padding-right: 30px; #CommercePlatformHero-120522161611981727 .center-block { When PayPal Checkout is configured with the default settings, customers must have a PayPal account to complete a payment. .pp-header .pypl-logo { .pp-header .closer-mobile button:focus, PayPal, a very well known name for all because of its ultimate payment solution and it works across the currencies and countries. However, the digital revolution has opened new doors to new ways of sending and receiving money. } #SplitPanels-1208865352860430 { } font-family: PayPalSansBig-Light, Helvetica Neue, Arial, sans-serif } So how does PayPal work, exactly? ... PayPal asks that you work with the seller first, but if they refuse to hit the “Issue a Refund” button, you can open a dispute in the Resolution Center. .pp-header .pp-header.pp-header--submenu-open .closer-mobile button, } .pp-header.pp-header--submenu-open .closer-mobile button:hover, color: #fff; /* New Shared Theme */ width: 55%; } .pp-header.pp-header--menu-open .main-menu a:visited, #CommercePlatformHero-120522161611981727 .commerce-platform-hero__paragraph { } PayPal is currently holding more than 100 million active accounts with 25 currencies. When you first sign up for Paypal, you’ll link it to your bank account or a credit/debit card by providing all of the necessary info. } } Founded in 1998, PayPal currently has over 100 million active accounts in 190 markets around the world. color: #2c2e2f; .pp-header .main-link:hover:focus, The person who receives this money can either receive it in his own PayPal account, get a check from the company, or get it transferred to their bank accounts. Users and merchants in our growing network count on us to help them securely spend, send, and get their money. } border-left: 1px solid transparent; color: #fff; #SplitPanels-1203271525403185 .content-panel, Check out with an email and password or mobile number and PIN. #SplitPanels-1205221553865291 .panels__panel:first-child { .pp-header.pp-header--menu-open .main-link:hover.pypl-header__subnav-control--is-active, How Does Paypal Work:- Every day all over the global, PayPal connects masses of hundreds of thousands of humans spending, sending, and receiving billions of dollars. } #CommercePlatformHero-120522161611981727 h1.h2.commerce-platform-hero__headline { Then, fill out the form with your name, address, and phone number. How PayPal works. @media (min-width: 1152px) { Both sides have provided their bank account or credit card information to PayPal. .pp-header.pp-header--menu-open .closer-mobile button.pypl-header__subnav-control--is-active, How PayPal Works. .pp-header.pp-header--submenu-open #signup-button { Bill your customers for physical or digital goods on a regular basis with recurring billing options. .pp-header #menu-button:after, } What is PayPal and how does it work? } -moz-osx-font-smoothing: antialiased; .pp-header.pp-header--submenu-open .main-menu .separator-menu::before { border-color: #fff; Add your bank account, debit card or credit card. When you’re shopping … How does PayPal work? 2. PayPal is a financial services company that allows its users to send money across the Internet much in the same way they would send an email. For Sellers For Sellers, the protection guarantees are pretty similar. .pp-header .pp-header.pp-header--submenu-open .main-link, a.content-panel__cta[target="_blank"]:after { #CommercePlatformHero-120522161611981727 { .pp-header.pp-header--menu-open .closer-mobile button:hover, #CommercePlatformHero-120522161611981727 .center-block { } #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { How does PayPal work? Then, when your account has no balance, you can choose to pay by credit card. .pp-header.pp-header--menu-open .main-link:focus.pypl-header__subnav-control--is-active, Sign Up for Free. More ways to use PayPal. border-color: #0070ba; Get details on PayPal's fees, security and more. .pp-header { .pp-header .main-link.pypl-header__subnav-control--is-highlighted, .pp-header .closer-mobile button.pypl-header__subnav-control--is-active, That way, when you pay for something using PayPal, you get to choose where the money comes from! @media (min-width: 1152px) { padding-left: 0; margin-top: 20px; } A few things that you can’t pay for with PayPal include most items related to gambling, adult content or services, and buying or selling prescription drugs from noncertified sellers. /* Hidden Mobile Hero Image */ I advise and recommend that PayPal’s website is used for the latest information. Millions of people trust PayPal to buy, sell, and send money—without sharing their financial information. Shop online Offers Send and receive money Collect Money. #CommercePlatformHero-120522161611981727 .center-block { } Consider starting with a Personal account, because you have no fees associated with sending or … max-width: 390px; flex-direction: column-reverse; .pp-header .header-buttons .pypl-btn--outline-white { Services: You can send payment for a service performed for you or your business, such as web design, bookkeeping, psychic readings — your imagination can get carried away here. .pp-header.pp-header--submenu-open .closer-mobile button:focus, #Statement-12088644167556 .statement__paragraph { Sending money to a business through PayPal? Shipping Address Paypal Scam. .pp-header.pp-header--submenu-open .main-link:focus.pypl-header__subnav-control--is-highlighted, PayPal keeps your customers’ data safe. Buying Online. .pp-header.pp-header--menu-open .closer-mobile button.pypl-header__subnav-control::after, .content-panel a.no-icon[target="_blank"]:after { text-transform: none; @media (min-width: 576px) { #SplitPanels-1208865355233431 .simple-image-panel img { .pp-header.pp-header--menu-open .main-menu a:focus, Sign Up Now. You have several ways to fund the money you send to another party through PayPal: Instant transfer: Sending money this way means the money is immediately credited to the recipient’s account. color: #6c7378; text-transform: none; } Share your PayPal.Me link the way you want to. Sign up quickly for an account with just a few details. .pp-header .main-link.pypl-header__subnav-control::after, .mobile-flex-column .row { flex-direction: column-reverse; } .pp-header .main-link.pypl-header__subnav-control--is-active, PayPal expedites online shopping and can make sending money to friends and family fast and free. } } margin: 0 auto; It makes end-of-year bookkeeping a lot easier! } Acceptable Use Policy for the United States. 2. It can be used both personally, and for your business. .pp-header.pp-header--submenu-open .main-link.pypl-header__subnav-control--is-active, PayPal eChecks and how they work. PayPal originally rose to prominence as the payment processor for users of eBay’s auction site, but … font-family: PPUI-Icons !important; #SplitPanels-1208865351119429 .content-panel { padding-left: 5px; border-top: 1px solid transparent; One way to lower your PayPal fees is to opt to be paid less often. .pp-header.pp-header--menu-open .main-link:hover.pypl-header__subnav-control--is-highlighted, .pp-header.pp-header--submenu-open .pypl-logo { Your PayPal account is much like any savings or checking account, except PayPal was designed specifically for online transactions. } .pp-header .main-link:hover.pypl-header__subnav-control::after { It’s just like writing a secure check — without exposing any of your personal information. line-height: 1.4rem; } height: 56px; Does PayPal reimburse fraudulent payment requests? padding-bottom: 12px; .pp-header.pp-header--menu-open .main-link.pypl-header__subnav-control--is-highlighted, } There’s no charge to the buyer to pay for an online purchase — or to send money to anyone. } } } font-variant: normal; @media (max-width: 576px) { padding-bottom: 30px; width: 45%; padding-right: 30px; #SplitPanels-1208865352860430 .simple-image-panel, background-color: transparent; .theme-background-color-dark { @media (min-width: 752px) { #SplitPanels-1203271525403185 .simple-image-panel, #Disclosure-120522162731370973 { .pp-header .pp-header.pp-header--menu-open .main-link:focus, @media (max-width: 1151px) { .pp-header .pp-header.pp-header--menu-open .closer-mobile button, border-color: #2c2e2f; } #SplitPanels-1205221553865291 .panels__panel:first-child { } #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { } box-shadow: 0 0 0 1px #fff, 0 0 0 1px #fff; .pp-header .main-link:focus:hover, From Pony Express to telegraph transfers and fast wired transactions, people have always managed to find a way to transfer goods both nationally and internationally. 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