Monday, May 4, 2015

Exactly How Does PayPal Work?

So, You Would Like To Know How PayPal Works?


Well it's simple, but first let me explain what PayPal is. PayPal first started in 1999, it was pretty much the only online payment transfer business online. When it first started it offered new customers who signed up with them a whopping $20!
Now it has millions of free customers! PayPal is simply a company that allows you to send and receive money through through there international payment processing enterprise.They also offer several options for businesses to receive money online using there shopping carts, invoicing,
and more.Setting up a PayPal account is easy and quick. All you need is a email address, bank account or credit card to link to your account for spending and payments.

What Are some of PayPal Payments methods?

PayPal has 5 ways to shop online and make payments.
Here are 5 Payment Methods.

1. When you put money in your PayPal account or you receive a payment you now have a PayPal balance. You can use your PayPal balance to make purchases online or pay bills, family or friends.

2.Immediate Transfers
Immediate transfers or Instant transfers is money you've sent that is immediately credited the recipients account. The recipient has the money to instantly spend if they choose.

3.Use you credit card to make payments or shop online. You can add several different credit cards of your choice to PayPal. Yes, your credit card is protected in-case any fraud shall happen.

3. e-check
e-check is when you make payments with your bank account routing and account number. This process usually takes 3 - 7 business days to complete. So the recipient doesn't get paid until the echeck transactions is complete. Once complete funds will be available for spending in your PayPal account.

Receiving money is the best part, I know! When you receive money you have several ways you can spend it.

1.Transfer your money to your bank account or accounts. You can choose how much you want to spend to each of your linked bank accounts to PayPal. Usually takes 2-7 Business days for transfer to complete.



2.PayPal MasterCard
Apply for a PayPal MasterCard. If you get approved PayPal will send you a MasterCard and when you receive a payment money is instantly available for you on your MasterCard. You can use your card to make payments or take money out by using a ATM machine.

3.Just spend it! Most online companies allow you to pay with PayPal. When you want to make a payment just choose PayPal. Enter your email and address and hit make payment.
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