That person can then immediately transfer the money to his or her personal bank account. Consider starting with a Personal account, because you have no fees associated with sending or … PayPal is perfect for subscriptions and all sorts of regular payments. What is PayPal and how does it work?The simple answer is that it's a way to send and receive payments. 3. .disclosure p { Users and merchants in our growing network count on us to help them securely spend, send, and get their money. .pp-header.pp-header--menu-open .main-menu a:visited, border: 1px solid #2c2e2f; .pp-header #signup-button:hover { @media (min-width: 576px) { .pp-header.pp-header--menu-open .main-link:focus, Goods (other): By clicking this radio button, you can send money to anyone in the world for goods purchased anywhere other than eBay. } .mobile-flex-column .content-panel { ... PayPal asks that you work with the seller first, but if they refuse to hit the “Issue a Refund” button, you can open a dispute in the Resolution Center. Pay from your credit card or bank account. .mobile-flex-column .row { @media(min-width: 576px) { content: none; 2. It was acquired by eBay in 2002 for $1.5 billion. And you can start accepting money from anyone in an instant. padding: 30px 0; You’ll want to be informed. How PayPal Works. } .pp-header.pp-header--menu-open .main-link:focus:focus, .pp-header #menu-button { .content-panel a.no-icon[target="_blank"]:after { .pp-header.pp-header--submenu-open .main-link:hover.pypl-header__subnav-control::after { @media (min-width: 576px) and (max-width: 751px) { The Balance. Joining PayPal is just the beginning, and the benefits far outweigh any fees charged to eBay sellers. } .pp-header.pp-header--submenu-open .main-link:focus:hover, align-items: flex-start; background: #fff; padding-top: 0; } background-color: #eaeced; #Statement-1208865252274428 { } } font-variant: normal; How Does Paypal Work for You as a Seller? #CommercePlatformHero-120522161611981727 h1.h2.commerce-platform-hero__headline { 2. #CTA-120522155214968232 .pullout__btn--center { #SplitPanels-1208865352860430 .simple-image-panel, } Millions of people trust PayPal to buy, sell, and send money—without sharing their financial information. .pp-header.pp-header--submenu-open .main-menu .separator-menu::before { #SplitPanels-120327150345144 .row, Well, in a nutshell, what it does is, it creates an account for a user, which is linked to either a bank account or a credit card account from which the debit for the online transaction happens. .pp-header.pp-header--submenu-open .main-link:hover.pypl-header__subnav-control--is-highlighted, width: 100%; .pp-header .main-link:focus, width: 280px; Pay for online items on the websites where they’re listed, and nowhere else. } font-family: PayPalSansSmall-Regular; margin: 0; } .pp-header.pp-header--menu-open .main-link:hover.pypl-header__subnav-control::after, background-color: #fff; #CTA-120522155214968232 .pullout__btn--center:hover { } background-size: cover; color: #eaeced; To get started setting up a PayPal account, go to paypal.com and click “Sign up” in the top right corner of the page. Credit card: Charge it! There’s no charge to the buyer to pay for an online purchase — or to send money to anyone. PayPal expedites online shopping and can make sending money to friends and family fast and free. } border-left: 1px solid transparent; background-color: #003087; It can be used both personally, and for your business. } Small businesses that operate on eBay will likely need to be familiar with PayPal. } .pp-header .main-link.pypl-header__subnav-control--is-highlighted, .pp-header.pp-header--submenu-open #signup-button:hover { Get the PayPal app PayPal business app. } Sign Up for Free. box-shadow: 0 0 10px 1px rgba(0, 0, 0, .2), 0 0 10px 1px rgba(255, 255, 255, .2); #SplitPanels-1203271525403185 .simple-image-panel img, That way, you can place personal purchases on one account and business purchases on another. No seller would send an item without being paid first. PayPal is a financial services company that allows its users to send money across the Internet much in the same way they would send an email. } Not only are you protected by PayPal, but your credit card company also backs you up in case of fraud. PayPal is very convenient. Share your PayPal.Me link the way you want to. What part does PayPal play in all this? .pp-header .main-menu a:visited { A few things that you can’t pay for with PayPal include most items related to gambling, adult content or services, and buying or selling prescription drugs from noncertified sellers. .pp-header #menu-button:after, width: 55%; } To get started with PayPal, link your favourite debit cards, credit cards, and bank accounts to your PayPal account. Share your link easily. As mentioned above, PayPal fees are typically higher if you’re paying for goods and services, and especially so if you’re making an international payment. padding-left: 5px; padding-bottom: 30px; When you first sign up for Paypal, you’ll link it to your bank account or a credit/debit card by providing all of the necessary info. Then, fill out the form with your name, address, and phone number. How Does Paypal Work:- Every day all over the global, PayPal connects masses of hundreds of thousands of humans spending, sending, and receiving billions of dollars. /* Hero */ #CTA-120522155214968232 .pypl-heading.pullout__headline { #SplitPanels-1208865355233431 .simple-image-panel, background-image: url(https://www.paypalobjects.com/webstatic/i/logo/rebrand/ppcom-white.svg); .pp-header.pp-header--menu-open .main-link:focus.pypl-header__subnav-control--is-highlighted, background-color: #eaeced; } padding: 9px 0 11px; Disclaimer: Please note that I have written this article as a general guide for new users to make them aware of how PayPal works. You can also enter your bank account information so you can transfer money between your accounts. Sign up quickly for an account with just a few details. } .split-panels .panels__panel.col-sm-12 { #SplitPanels-1208865355233431, #SplitPanels-1208865352860430 { Sign Up Now. text-transform: none; padding-bottom: 0; .pp-header.pp-header--submenu-open #signup-button { padding-right: 30px; } Signing Up for PayPal Click "Sign Up" on the PayPal website. .pp-header.pp-header--submenu-open .closer-mobile button.pypl-header__subnav-control--is-highlighted, } font-weight: 700; .pp-header.pp-header--submenu-open .main-link:hover:hover { One way to lower your PayPal fees is to opt to be paid less often. height: 72px; 1. } When PayPal Checkout is configured with the default settings, customers must have a PayPal account to complete a payment. You can use PayPal Credit in most stores that accept PayPal … display: none; @media (min-width: 752px) { For Sellers For Sellers, the protection guarantees are pretty similar. font-family: PPUI-Icons !important; } .pp-header.pp-header--menu-open .closer-mobile button.pypl-header__subnav-control--is-active, .pp-header .pp-header.pp-header--menu-open .main-link:focus, } background-color: #f5f7fa; Then, when your account has no balance, you can choose to pay by credit card. /* New Shared Theme */ border-left: 1px solid transparent; .theme-background-color-dark { font-size: 1.875rem !important; @media (min-width: 576px) { Then, when you have the money, you can log into PayPal and pay off the balance on your PayPal Credit account. Introduction to How Does PayPal Work? Founded in 1998, PayPal currently has over 100 million active accounts in 190 markets around the world. .pp-header.pp-header--menu-open .closer-mobile button.pypl-header__subnav-control--is-highlighted, } I have … Before you can start using PayPal, the first thing you need to do is open a PayPal account. .pp-header.pp-header--menu-open .closer-mobile button.pypl-header__subnav-control::after, PayPal balance: If someone sent you money through PayPal or you’ve sold something on eBay, you have a balance in your PayPal account. @media (min-width: 576px) { .pp-header .pp-header .closer-mobile button, .pp-header.pp-header--submenu-open .closer-mobile button.pypl-header__subnav-control::after, .pp-header.pp-header--menu-open .main-link:focus.pypl-header__subnav-control--is-active, } Your PayPal account is much like any savings or checking account, except PayPal was designed specifically for online transactions. .pp-header.pp-header--menu-open .main-menu a:hover, .pp-header.pp-header--submenu-open .pypl-logo { Choose your own link. #SplitPanels-1208865351119429 .content-panel { #Disclosure-120522162731370973 { To use PayPal, you have to link it to either your bank account or credit cards (Visa, MasterCard, Discover or American Express). .content-panel, .mobile-flex-column .content-panel { @media (min-width: 752px) { a.content-panel__cta[target="_blank"]:after { .pp-header.pp-header--menu-open .main-link:hover, When a buyer wins an auction, has a best offer accepted, or purchases an item at full price, the seller will send an invoice to the buyer. .theme-background-color-blue, Other prepaid debit cards that you use as a substitute for checking accounts often do not work. background-color: #0070ba; width: 50%; } .pp-header .main-link:focus:focus, border: 0; How does Paypal work? padding-top: 20px; Marsha Collier is a recognized expert on ecommerce, online customer service, social selling, social media marketing, and eBay. } You can pay for almost anything in the world on the PayPal system (as long as the recipient has an e-mail address). /* Commerce Platform Themes */ } PayPal originally rose to prominence as the payment processor for users of eBay’s auction site, but … color: #005ea6; If the buyer and seller both have PayPal, the transaction can be quickly completed through the service. If you and your partner use cards with the same card number, which is common for credit cards, but less common for debit cards, only one of you can use that card with your PayPal account. It is considered the world’s most popular middleman service for online purchasing. } #CommercePlatformHero-120522161611981727 .center-block { /* Closing CTA */ #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { Millions of people trust PayPal to buy, sell, and send money—without sharing their financial information. So, how does PayPal work? 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