What is a PayPal account and how does it work

What is a PayPal account and how does it work?

Despite the fact that online payment has become so common, many of us are still scared to use it, but they have all heard of PayPal. Here are three questions and answers to help you have a better understanding of this online payment option.

What is PayPal?

PayPal is an online payment service to pay for purchases or receive or transfer money online. Suffice it to say that if you have to make a purchase online, PayPal is the solution to consider.

PayPal is more than just an online bank account. Once you have your account, you can use it even if you don’t have PayPal money. The service will connect your bank with the seller and provide you with its secure payment system for free.

By entering your associated email and password at the time of purchase, PayPal will transfer your funds to the seller’s PayPal account. The latter does not see any information about you. This is why PayPal is particularly interesting.

How does a PayPal account work?

Paying with PayPal online is very simple. As is often the case, the most demanding step is to sign up for the service. Once your credentials are stored, financial transactions are completed in just a few seconds.

To use PayPal, you must first create a user account. When creating the account, you can save your banking information and specify an email address and password to log in.

Unfortunately, not everything can be purchased online with PayPal. With your account, you can only pay to sites and sellers that accept PayPal transactions.

PayPal is a well-known service in many nations, which is one of its major advantages. Another wonderful point is that if you wish to sell products online, you can quickly bill clients using your PayPal account. Because everything happens on the internet with PayPal, you don’t need a payment terminal to make financial transactions.

You can now also pay online from your smartphone using PayPal apps for Android, iPhone, Windows Phone and BlackBerry.

Paypal account information:

PayPal is the first online payment broker. It is used by the largest companies in the world: banks, professionals, associations, etc.
It is a very secure payment method. You can pay and receive money through your PayPal account. In these cases, you must enter your bank details as well as your credit card numbers.
Paypal is completely free, they only take commissions for transfers to your bank account . If you use it to make a payment, it won’t cost you anything.
Many people use PayPal for their payment and no incident has been reported so far.

Advantages of a PayPal account

Safe: You can make your purchases without communicating your bank details to a third party.
Fast: Payments are almost instant and much faster than sending checks.
Feature: Sending money is free
Simple: Payment is sent via a simple email address.
Worldwide: PayPal allows payments in sixteen currencies and over 92 million accounts are open in 55 countries and territories around the world.
Innovative: PayPal is constantly developing new services and tools to advance your online activities.

Open a Paypal account

It is the safest and most recognized method on the Internet in terms of secure payment.
Go to www.Paypal.com.
Click Open Account (top left).
Choose your country and language and then choose “Personal – for people who buy online.”
Fill in the corresponding fields.
Confirm account opening! Go to your email to confirm that your email address is correct.
In the email you will receive from PayPal, click on “Click here to confirm your account.”
Confirm email address! Click Continue.