hoe dose paypal work
2006-08-04 23:23:34 · 6 answers · asked by tyson123 1 in Computers & Internet ➔ Internet
If you are going to accept PayPal then you need to set up a PayPal account. You can do it from ebay's homepage. You will need to give them credit card and bank information and then they will usually make 2 small deposits to your bank account. You need to verify the deposit amounts and enter them with PayPal.
This will confirm that you are actually who you say you are since you are the only one that would have access to your bank deposit information.When the PayPal payment is made to you then you can ask them to send you the money by check. You can also get a PayPal debit card that can be used just like a bank card. It also has a Visa logo on it so you can spend the money just about anywhere. I think you need a certain feedback number before they will send you a debit card though.You can also leave the money in your PayPal account and use the money for purchases. PayPal will take a percentage of the sale when you sell something but not if you are purchasing. If you are only going to sell a single item then you can sell your item and ask for the payment to be made by money order, but buyers are generally a bit skeptical of this type of transaction so PayPal is the way to go if you are going to continue selling or buying on ebay.
2006-08-04 23:36:57 · answer #1 · answered by I'manalienfrog 5 · 0⤊ 0⤋
If you subscribed your Paypal (it's free and you can use even for buying in Ebay) account the buyer can use his own credit card to pay on your paypal account. After that you can decide either to leave the money in this account or send it to your personal bank account.
Remember that if you buy using paypal you don't have to pay any commission, but if you get money from a sale you have to pay a little percent (around 3-4 %).
2006-08-05 06:33:47 · answer #2 · answered by AlfredCT 3 · 0⤊ 0⤋
firt, you have to set up your account with paypal.
it's easy , just log in to paypal website and then fill all the information they need ( you have to have Bank account ).
When someone buy something from you from Ebay , normally if they have paypal account then they will just pay to your paypal.
If you want to take the money from paypal , you just have to log in your paypal account and transfer the money from paypal to your bank account.
That's it really .
Hope this is help :)
2006-08-05 06:30:56 · answer #3 · answered by Rose 2 · 0⤊ 0⤋
Paypal keeps all your bank details private - only your email address is revealed. The buyer credits your paypal account with money, which paypal then credits your bank card with. Simple and safe!
2006-08-05 06:30:06 · answer #4 · answered by Neil_R 3 · 0⤊ 0⤋
You can ask to be payed by cheque, or Paypal, for Paypal you must sign up, then payment is straight forward, they pay straight into you account, it is worth it as there are no problems.
2006-08-05 06:40:22 · answer #5 · answered by smilley 2 · 0⤊ 0⤋
PayPal, check, or money orders.
With PayPal they send a payment from their credit card, or bank account. You receive it, and transfer it to your bank account, or request a check.
2006-08-05 06:29:10 · answer #6 · answered by Angel 4 · 0⤊ 0⤋