With PayPal Checkout, your customers can complete transactions in just a few steps, using their shipping and billing information already stored securely at PayPal to check out so they don’t have to re-enter it on your site. #SplitPanels-1203271525403185 { #SplitPanels-1205221553865291 .panels__panel:first-child { flex-direction: column-reverse; .pp-header .main-link:focus:focus, #CTA-120522155214968232 .pullout__btn--center { } .pp-header .pp-header.pp-header--submenu-open .main-link, .pp-header.pp-header--submenu-open .main-link.pypl-header__subnav-control--is-highlighted, float: left; You can register multiple credit cards on your PayPal account and select a different one for different types of purchases. .pp-header.pp-header--submenu-open .main-link:hover.pypl-header__subnav-control--is-active, } border-left: 1px solid transparent; 2. .pp-header.pp-header--menu-open .main-menu .separator-menu::before, } Before knowing How Does PayPal Work here you can go through some interesting facts. Putting your PayPal purchases on a credit card is a good idea. @media (max-width: 1151px) { Does PayPal reimburse fraudulent payment requests? } } #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line { } 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. /* Join over 300 million PayPal users */ padding-left: 30px; background-color: #f5f7fa; } #Statement-1208865252274428 .statement__headline, } .pp-header .pp-header.pp-header--menu-open .closer-mobile button, } .pp-header.pp-header--submenu-open #signup-button:hover { 1 Terms and limitations apply to PayPal Purchase Protection. @media (min-width: 752px) { color: #eaeced; #SplitPanels-1205221553865291 h3.content-panel__headline.pypl-heading { max-width: 700px; Then, when your account has no balance, you can choose to pay by credit card. } } background-position: center; border-top: 1px solid transparent; padding: 30px 0; box-shadow: 0 0 0 1px #fff, 0 0 0 1px #fff; margin: 0; } color: #fff; When you’re shopping … If the buyer and seller both have PayPal, the transaction can be quickly completed through the service. padding: 9px 0 11px; Get details on PayPal's fees, security and more. .mobile-flex-column .content-panel { Merchant Solutions. .pp-header.pp-header--submenu-open .main-link:focus:hover, padding-top: 30px; } color: #2c2e2f; border: 1px solid #0070ba; #Disclosure-120522162731370973 { } } PayPal simplifies your life We believe it should be simple to get, spend, and send your money. Other prepaid debit cards that you use as a substitute for checking accounts often do not work. Online payments. } @media (min-width: 1152px) { width: 55%; What is PayPal.Me and how does PayPal Me work? .pp-header .main-link:hover.pypl-header__subnav-control--is-highlighted, When PayPal Checkout is configured with the default settings, customers must have a PayPal account to complete a payment. .theme-background-color-dark { .pp-header .pp-header.pp-header--submenu-open .main-link:hover { .pp-header .header-buttons .pypl-btn--outline-white.pypl-btn--small { .pp-header .header-buttons .pypl-btn--outline-white:focus, font-family: PayPalSansSmall-Regular,Helvetica Neue,Arial,sans-serif; .pp-header.pp-header--menu-open .main-link:hover.pypl-header__subnav-control--is-active, .pp-header { There’s no charge to the buyer to pay for an online purchase — or to send money to anyone. } .pp-header .main-link:focus:hover, font-variant: normal; -webkit-font-smoothing: antialiased; background-image: url(https://www.paypalobjects.com/webstatic/i/logo/rebrand/ppcom-white.svg); Check out with an email and password or mobile number and PIN. You can use PayPal Credit in most stores that accept PayPal … #SplitPanels-1208865352860430 { #SplitPanels-1203271525403185 .content-panel, .pp-header .main-link:hover.pypl-header__subnav-control::after { .pp-header .main-link.pypl-header__subnav-control--is-highlighted, Founded in 1998, PayPal currently has over 100 million active accounts in 190 markets around the world. } } .pp-header .closer-mobile button:focus, .pp-header.pp-header--menu-open .main-menu a:active, .pp-header #menu-button:after, .pp-header.pp-header--submenu-open .main-menu a:active, } max-width: 450px; If you want to send a transfer, you must have a credit or debit card registered with PayPal as a backup for your funds. #CommercePlatformHero-120522161611981727 .commerce-platform-hero__paragraph { } background-color: #003087; How does PayPal work? .disclosure p+p { 1. PayPal, in turn, handles all the transactions with various banks and credit card companies, and pays the interchange. .pp-header .pp-header.pp-header--menu-open .main-link, The company was founded in 1998 and it made its first electronic transaction possible in … #CommercePlatformHero-120522161611981727 .center-block { } color: #005ea6; Pay from your credit card or bank account. PayPal keeps your customers’ data safe. /* Commerce Platform Themes */ #SplitPanels-1208865352860430 .simple-image-panel, /* Closing CTA */ color: #2c2e2f; padding-bottom: 20px; Although you can transfer funds from a linked checking or savings account to add money to a PayPal account, the process of using a Visa card through PayPal for a large business purchase requires a different set of steps. PayPal, a very well known name for all because of its ultimate payment solution and it works across the currencies and countries. If you don't already have a PayPal account, signing up is fast and free. color: #0070ba; #Statement-12088644167556 { } #SplitPanels-120327150345144 .row, flex-direction: inherit; .pp-header.pp-header--submenu-open .header-buttons .pypl-btn--outline-white { /* New Shared Theme */ width: 50%; .split-panels .panels__panel.col-sm-12 { .pp-header.pp-header--menu-open .main-link:hover:focus, } #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { }. Small businesses that operate on eBay will likely need to be familiar with PayPal. You have several ways to fund the money you send to another party through PayPal: Instant transfer: Sending money this way means the money is immediately credited to the recipient’s account. .pp-header.pp-header--submenu-open .header-buttons .pypl-btn--outline-white:focus, It’s simplest to keep your books balanced if you withdraw any PayPal balance to your business account before making a purchase. Once you’ve done that, you conduct transactions by clicking on the icons on the top right of the page or the menu. margin: 0 auto; } Millions of people trust PayPal to buy, sell, and send money—without sharing their financial information. max-width: 500px; } For Sellers For Sellers, the protection guarantees are pretty similar. padding-top: 0; padding-bottom: 11px; } You’ll want to be informed. padding-left: 5px; @media (min-width: 576px) { .pp-header.pp-header--menu-open .main-link:focus, text-transform: none; .mobile-flex-column .row { @media (min-width: 576px) { #CTA-120522155214968232 .pypl-heading.pullout__headline { #CommercePlatformHero-120522161611981727 .commerce-platform-hero__browline { @media(min-width: 576px) { That person can then immediately transfer the money to his or her personal bank account. /* Hero */ eCheck: Sending an eCheck isn’t as “instant” as an instant transfer. .pp-header .pp-header .main-link:focus, width: 50%; @media (min-width: 576px) and (max-width: 751px) { border-color: #fff; padding-right: 30px; How does PayPal work? .pp-header.pp-header--submenu-open .closer-mobile button.pypl-header__subnav-control--is-highlighted, .pp-header.pp-header--submenu-open .main-link.pypl-header__subnav-control::after, #CommercePlatformHero-120522161611981727 .center-block { font-family: PPUI-Icons !important; After the … color: #fff; } .pp-header.pp-header--menu-open .closer-mobile button:focus, Bill your customers for physical or digital goods on a regular basis with recurring billing options. .pp-header #menu-button:before { .pp-header.pp-header--menu-open .main-menu a:visited, Opt to Be Paid Less Often. How Does Paypal Work for You as a Seller? It can be used both personally, and for your business. background-repeat: no-repeat; Disclaimer: Please note that I have written this article as a general guide for new users to make them aware of how PayPal works. @media (max-width: 576px) { .pp-header.pp-header--submenu-open .header-buttons .pypl-btn--outline-white:active { } .pp-header { First, you have to sign up for PayPal Credit, which gets you a line of credit worth a minimum of $250. color: #cbd2d6; .pp-header.pp-header--menu-open .main-link:focus:hover, .content-panel__cta { border-color: #2c2e2f; } PayPal is currently holding more than 100 million active accounts with 25 currencies. } #CommercePlatformHero-120522161611981727 { That’s why our services are designed to fit into your everyday life. .pp-header #signup-button { } padding-top: 20px; } #SplitPanels-120327150345144 .simple-image-panel, h3.content-panel__headline.pypl-heading { 2 An account with PayPal is required to send and receive money online, using the PayPal app, PayPal.me or to use MoneyPools. Sign Up Now. } box-shadow: 0 0 10px 1px rgba(0, 0, 0, .2), 0 0 10px 1px rgba(255, 255, 255, .2); .pp-header .main-link:focus.pypl-header__subnav-control--is-highlighted, font-weight: 700; .pp-header.pp-header--submenu-open .pypl-logo { .pp-header .pp-header .closer-mobile button, } } Users and merchants in our growing network count on us to help them securely spend, send, and get their money. @media (min-width: 752px) { #Statement-1208865252274428 { #CommercePlatformHero-120522161611981727 .center-block { } @media (min-width: 576px) { Acceptable Use Policy for the United States. PayPal makes its own money in two ways. } No seller would send an item without being paid first. .pp-header .main-menu a, } border: 1px solid #2c2e2f; padding: 0; Then, fill out the form with your name, address, and phone number. .split-panels .panels__panel { padding-left: 30px; max-width: 760px;   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. font-family: PPUI-Icons !important; #SplitPanels-1208865355233431, .pp-header .closer-mobile button.pypl-header__subnav-control--is-active, background-color: #0070ba; #Statement-12088644167556 .statement__paragraph { height: 72px; You can transfer money from your bank account to your PayPal … } background-color: #005ea6; From Pony Express to telegraph transfers and fast wired transactions, people have always managed to find a way to transfer goods both nationally and internationally. @media (min-width: 752px) { @media (min-width: 1024px) { .pp-header .pp-header.pp-header--submenu-open .closer-mobile button, .pp-header .main-link:hover.pypl-header__subnav-control--is-active, color: #6c7378; PayPal Me launched in the US a few years back, and allows users with a PayPal account to create a customized link to send to friends, family, clients or customers, to request a payment.¹ . } #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { @media (min-width: 576px) { } .pp-header .main-link:hover, How does Paypal work? padding-top: 0; Over one million copies of her various eBay titles have sold since her first, eBay For Dummies, hit store shelves in 1999. margin-top: 20px; Buying Online. } .mobile-flex-column .row { .pp-header.pp-header--submenu-open .main-menu a:visited { .pp-header .main-menu a:focus, #CommercePlatformHero-120522161611981727 .commerce-platform-hero__cta-line .pypl-btn { Pay for online items on the websites where they’re listed, and nowhere else. .pp-header .main-link:focus, padding-top: 11px; } .content-panel, .mobile-flex-column .content-panel { .content-panel a.no-icon[target="_blank"]:after { padding-top: 0 !important; background-color: transparent; } height: 56px; .pp-header .main-menu a:active, However, the digital revolution has opened new doors to new ways of sending and receiving money. How PayPal Works. width: 280px; position: absolute; #CommercePlatformHero-120522161611981727 .center-block { } } } padding-left: 0; .pp-header .header-buttons .pypl-btn--outline-white { Before you can start using PayPal, the first thing you need to do is open a PayPal account. } background-color: #003087; padding-right: 30px; .pp-header .header-buttons .pypl-btn--outline-white:hover { #CommercePlatformHero-120522161611981727 .container { .pp-header.pp-header--submenu-open .main-link:focus.pypl-header__subnav-control--is-active, } max-width: 250px; .pp-header .main-link.pypl-header__subnav-control--is-active, PayPal is very convenient. } background-image: url(https://www.paypalobjects.com/digitalassets/c/website/logo/full-text/pp_fc_hl.svg); As a result, the Internet has seen the rise in the number of numerous payment … } Signing Up for PayPal Click "Sign Up" on the PayPal website. .pp-header.pp-header--submenu-open .main-link:hover:focus, } @media (min-width: 1152px) { See PayPal.Me In Action How PayPal.Me Works. All you need to send money to family or friends is the email address of the recipient. /* Hidden Mobile Hero Image */ font-weight: 400; Then, when you buy something using PayPal, select PayPal Credit as your payment option. #SplitPanels-120327150345144 .simple-image-panel img { How does PayPal Credit work? } .pp-header:before { .pp-header.pp-header--menu-open .closer-mobile button.pypl-header__subnav-control--is-highlighted, } .pp-header.pp-header--submenu-open .main-link:hover, I have … } } } 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. It’s just like writing a secure check — without exposing any of your personal information. padding-top: 12px; Both sides have provided their bank account or credit card information to PayPal. Sign Up for Free. This balance is first applied to any purchases you’ve made. What is PayPal and how does it work? } padding-bottom: 10px; More ways to use PayPal. #SplitPanels-1208865351119429 .content-panel { } background-color: #fff; .statement .col-md-10:first-child { You can only link a debit card to one PayPal account. .pp-header #menu-button { } } } padding-top: 75px; } flex-direction: column-reverse; background-color: #eaeced; .pp-header.pp-header--menu-open .main-link:hover:hover, } Sign Up for Free. } @media (min-width: 752px) { Introduction to How Does PayPal Work? } How does PayPal Work June 17, 2015 April 4, 2018 Kamal Kaur Your PayPal account is much like any savings or checking account, except that PayPal was designed specifically for online transactions. .pp-header .main-menu .separator-menu::before { PayPal expedites online shopping and can make sending money to friends and family fast and free. } Here’s how PayPal defines an eCheck: An eCheck is an electronic payment funded by the buyer’s bank account. } .pp-header.pp-header--menu-open .main-link:hover, .pp-header .closer-mobile button:hover, text-align: left !important; #Statement-12088644167556 .statement__headline { #SplitPanels-1208865351119429 { Create a secure pool of money . } } .pp-header.pp-header--submenu-open .closer-mobile button.pypl-header__subnav-control::after, 2. border-color: #0070ba; } Sign up quickly for an account with just a few details. Funding Source . width: 280px; .commerce-platform-hero__headline.pypl-heading { color: #2c2e2f; content: ' \E920'; Both buyer and seller deal with PayPal instead of each other. background-color: transparent; .pp-header.pp-header--submenu-open #signup-button { Finding Out How PayPal Works; Finding Out How PayPal Works. } PayPal is perfect for subscriptions and all sorts of regular payments. That way, you can place personal purchases on one account and business purchases on another. color: #2c2e2f; } Then, when you have the money, you can log into PayPal and pay off the balance on your PayPal Credit account. #CommercePlatformHero-120522161611981727 h1.h2.commerce-platform-hero__headline { .pp-header.pp-header--submenu-open .main-link:hover.pypl-header__subnav-control--is-highlighted, .pp-header.pp-header--menu-open .main-link:hover.pypl-header__subnav-control--is-highlighted, Nothing to do with the seller as they get credited the funds instantly, all it means is that paypal wait a bit longer before debiting your bank account. This balance is first applied to any purchases you’ve made. One way to lower your PayPal fees is to opt to be paid less often. Consider starting with a Personal account, because you have no fees associated with sending or … Share your link easily. line-height: 1.4rem; font-style: normal; .pp-header .closer-mobile button.pypl-header__subnav-control::after, Credit card: Charge it! padding-bottom: 12px; .pp-header.pp-header--menu-open .main-link.pypl-header__subnav-control--is-highlighted, text-align: center; border-top: 1px solid transparent; .pp-header.pp-header--submenu-open .main-menu .separator-menu::before { #CTA-120522155214968232 .pypl-heading.pullout__headline { .pp-header.pp-header--submenu-open .main-menu a, } } You can also enter your bank account information so you can transfer money between your accounts. .mobile-flex-column .row { .pp-header.pp-header--menu-open .main-link.pypl-header__subnav-control--is-active, 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. #SplitPanels-1208865352860430 .row { } margin-left: 0; border: 1px solid #0070ba; padding-top: 20px; padding-top: 30px; .pp-header.pp-header--menu-open .main-menu a, position: absolute; #SplitPanels-1208865351119429 .simple-image-panel { .pp-header .pp-header.pp-header--menu-open .main-link:hover, #Statement-12088644167556 .statement__paragraph { } Shipping Address Paypal Scam. Choose your own link. } What is PayPal and how does it work?The simple answer is that it's a way to send and receive payments. #Statement-12088644167556 { .pp-header.pp-header--menu-open .main-menu a:focus, By Victoria Rosenborg, Marsha Collier . Personal: Use this when you need to send money to your kid in college or pay back your roommate for saving you from great embarrassment when you left your wallet at home on a double date. .content-panel { padding-top: 15px 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. .pp-header .main-link:focus.pypl-header__subnav-control::after, Limits on Linking . .pp-header.pp-header--menu-open .closer-mobile button:hover, #CommercePlatformHero-120522161611981727 { } PayPal How to pay with PayPal? } } To get started setting up a PayPal account, go to paypal.com and click “Sign up” in the top right corner of the page. -moz-osx-font-smoothing: antialiased; padding-right: 0; font-size: 1.875rem !important; Mobile Solutions . #SplitPanels-1208865352860430 .content-panel, How PayPal works. @media (min-width: 1152px) { } } Millions of people trust PayPal to buy, sell, and send money—without sharing their financial information. 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