Question about paypal

Question

When someone sends you money:

How do you receive it?

What is the process, can you just go to the bank and say " can I have the money stored in my paypal website?

Is there a place where paypal stores money you receive and you can automatically use the money or cash it?

Does receiving money show WHO or WHY how you got the money?

Answer 1

you get a email saying your received the money and it will ask you what you want to do with it like deposit it in your account

Answer 2

paypal is an online bank. It shows who, how and why. You can have the money deposited into your bank account or you can store it in your paypal account which is a completely separate account. You will receive a paypal card that works like a debit card and is accepted by most retailers as it is a visa card.  

Answer 3

The money gets deposited into your Paypal account. You can log on to your account to see how much is there. If you want to withdraw the money, you click on "withdraw" and then you can click on "deposit into my bank account" or "send me a check".

If you want to buy something using your Paypal account, they will withdraw the money from it to pay for whatever you're buying.