Paypal Help?

Question

I was wondering how paypal works and how much it costs. I am mainly interested in it because of ebay. I want to buy and sell things on ebay but the only way i can do this is through a paypal account. How do you add money. I am just really curious about what it is and how you use it. Anything would really help. Thanks!

Answer 1

PayPal is a great tool for buyers and sellers. It costs you nothing to use it to purchase; sellers pay fees, I believe 2%.

You have to verify your bank account, and then the money comes right out of there. Or, you can tie it to a credit card.

I use my PayPal account to buy things on ebay and at various other websites.

Answer 2

Hi! I've been using Paypal for about 5 years now, and it's great. The way it works, you will need a checking account and a credit card to open the Paypal account. If you sell items and people send you money- a small fee is deducted out of it, what is left sits you your account. You can then use it to pay for items and there is no fee for sending money. If you have a 0 balance in your Paypal, the money is withdrawn out of your checking account, or from your credit card (which is used only as a backup.) If you want to take money out of Paypal, you can transfer it to your checking account without fee, takes about 4 business days. Hope that helps.

Answer 3

Paypal is a company that functions like a merchant account, in that it functions as a way for potential buyers and sellers to transact business for a fee. It is owned by Ebay now. I have used it many times and I like the service.

This is a warning - once you have a paypal account remember it is attached to your bank account. Never open up email from ebay or paypal and use the link in the email to go to your account - no matter how official it looks. Hackers use this kind of deception to steal your passwords. Always use the independent web url to go to your account.

http://mpoweryourself.com/auctions/index.html
http://mpoweryourself.com/ecommerce/index.html
http://mpoweryourself.com/ebay/index.html

Answer 4

PayPal is free.
No charge for registering and using it to purchase items on Ebay[ I love Ebay]
You register and use it almost as an "entension" of your checking or savings account.
They are authorized to deduct the stated amount from your account.
Does not cost a thing.
They have recently offered another service -Paypal- to be able to transfer funds from one banking acocunt, to another.
Example. My son lives 450 miles away. If we are both Paypal customers, I can 'send' money from my bank account, to his bank account.
Very easy.
I suppose Paypal is reimbursed by the sellers on Ebay, and Overstock. But I am not sure.
I only know for me to pay the vendors on Ebay it is free, for the buyer.
I have used it for years and enjoy the freedom it brings to purchase online.
Good luck.

Answer 5

> How do you add money
You authorize a direct transfer from your checking account. After that, it takes three business days before the money shows up in your PayPal account [interest ripoff].

Answer 6

well i opened up a seperate bank account just for paypal incase someone haked in. you transfer money from your bank account. its really easy and the safest way to send and recieve money for ebay. it is free except when you sell an item say you sold it for $20.00 you will only get like $18.75. same with ebay you have to pay to sell.

Answer 7

THere is only fees if you sell things buying is free for the buyer it is really simple once you sign up to figure it out you can pay directly froma bank account or credit card it is just so easy

Answer 8

first you sign up to paypal then read the rules

Answer 9

go to to the pay pal website and educate yourself . Its really simple.