PayPal is an electronic commerce company that allows you to pay, send money and accept payments. It is more of intermediary service for online purchasing. You cannot do without having a PayPal account in our recent world. More than 45% of eBay’s purchase is via PayPal. the paypal credit and paypal card makes purchas very easy
The online service operates in almost all part of the world. Once you have a PayPal account, you can use PayPal payment processor for online commercial users and vendors. Similar to a bank, it I subjected to many consumer protection regulations that govern bank as well.
What is PayPal?
PayPal is the world’s largest online service that facilitates payments between parties. It allows individuals to send and receive payments on its website. paypal is link with the user’s account or credit card. It has a wonderful network service in almost all part of the world. The service security is up to par and it tends to make online purchase safer and easier.
PayPal account and services?
- It is one of the best online service uses in the worldwide. Over 45 million people use the service, and some of their multiple users has confess to the trust around the PayPal account services.
- It is highly secured for use. It conceals users’ bank information from any party. You do not need to panic using the PayPal account service as it provide all check against anyone having access to your bank and credit card details.
- The service is very user friendly and it requires majorly your personal account details before you can use it.
What are the requirements to have a PayPal account?
There are no special requirements or any sophisticated technology in sending and receiving money with PayPal services. Generally, to open a PayPal account, you need;
- A working and registered email address
- A valid bank account or bank credit card
PayPal Credit| Account| sign up- How it really work?
It is very easy to use, and its service is free if you are purchasing any item. Make sure you login to My PayPal full site or you can use the PayPal app. In case you are buying via PayPal, there is no cost involved to send money to a seller. Once you use a PayPal account, payment will be done and withdrawn from the users account without any charge
The reverse is the case for sellers. PayPal charges certain percent from whatever the seller receives from the buyers. Special calculation formula is use for this withdrawal.
If you use it to send money to your friends or family members, you may sometimes be charged. If the receiver has a PayPal account as a registered seller, you will have to pay extra fee.
Sending money to friends outside the country will required a surcharge of about 2%
What can you do once you have a PayPal Credit Account?
- Easy purchase of goods online; do you want to order for any good online, example from eBay or any other vendor. PayPal is your best alternative to buy goods online. It is safe and it keeps your card information from other users
- Online subscription- you can use your PayPal account to subscribe to online service that require mostly monthly payments. You can pay for your Netflix, Hulu and other online subscriptions.
- Sending money to close friends and family; if you want to send cash to your friends, relatives, you can send money to them at a zero surcharges anytime of the day.
Is PayPal safe to use?
Well, in terms of security, you do not need to panic. The service is specially design to check any form of fraudulent manipulations. There are no better financial institutes as secured as PayPal. They are very cautious when it comes to fraudulent activities. Any anomalous activity in your PayPal account will result to freezing of your account. Generally, PayPal do not share your financial information or your PayPal card with sellers or other parties. It also protects its users and covers your purchase items if items do not match their description.
How to ship and purchase anything with PayPal from eBay, Amazon and the likes
PayPal is the easiest payment system to purchase goods from eBay, amazon and other top online shoppers. All you need is to make sure you open and register your credit card or debit card with your PayPal account, once you click on the item to purchase, you can pay for the items by choosing PayPal. Once you select PayPal logo, it will log into your PayPal account and then you confirm your payments.
What you may not like about PayPal
- Conversion of currency by PayPal may be very expensive. Most users complain especially when purchasing goods from a vendor outside your own country. It charges about 2% surcharge to convert your currency
- Oversensitivity to fraud risks; any mistake using the account can result in PayPal freezing your account. This may take weeks until you convince them and your account is clean of any fraudulent allegations.
- PayPal is expensive to use compare to other e transacting services. It is more expensive and some uses complain of it over charging customers.