What is Paypal?

Question

How do u use paypal? When u sign up n whenever u want to buy something off another site what is the process or when someone send u money to the paypal account what is the process of how will u receive the money?

Answer 1

You give them your bank account information and when you send/receive money it is wired directly from/to your bank account.

Answer 2

First you need to sign up, add your checking account and possibly your credit card. They verify your bank account is real and then your paypal is all set.

When you want to buy something, first you place your order, then click on the paypal button to make your payment. Then you are redirected to the paypal site, where you log in with your email and password and then you confirm that you want to pay.

(If you have a credit card and a bank account tied to your paypal, here you can select how you are going to pay)

Then you click on continue or go back to dealer's page where you can complete your order. Like download the ebook that you just purchased.

When someone sends you money, paypal sends a notification to your email. You log in to paypal and you can withdraw to your checking account or just leave it there so you have cash at hand for your next purchase.