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PayPal

PayPal is an e-commerce service that allows making money transfers and payments via Internet on a global scale. This is a safe and fast method to receive and send money online.

How it works

Working with PayPal is quick and easy. You have to make an account on the website. For that purpose you will be asked to provide an email address. Then you need to choose a credit or debit card that you are going to use to make payments or to receive money. Signing up is free. If you are a resident of the UK, paying for things is free of charge too.

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PayPal is flexible. Every time you are asked to pay something somewhere, you can choose how you want to pay with various payment methods available.

Specifications

There are a few payment methods you can use with PayPal. You can link your bank account, credit card or debit card to your account on the website and use them to make payments.

It should be noted that in order to make a money transfer to another person, the latter should have a PayPal account in the first place.

Creating account / purchasing card

Go to the account registration page on the site. You have two options: either to make a business account or a personal one. Choose Business or Personal depending on your needs. Next, you will be asked to specify the country you live in. You will be redirected to Account Sign Up where you need to enter your account details and click Sign up.

Making a payment with PayPal

Making a payment with PayPal takes only a couple of minutes and a few steps. First, you need to enter your email address, the recipient’s email address, the amount of money you want to transfer and the currency. After that you are redirected to a second page where you need to enter a few more details.

Withdrawing money with PayPal

Withdrawing money is very easy. Just transfer it into the bank account you linked to PayPal. You can also ask PayPak to send you a check or use your Debit Master Card provided by PayPal.

Advantages of using PayPal

You can earn rewards by using your credit card: paying with your PayPal account means you can still get credit rewards such as points, cashback and air miles.
Shop online: the Internet is abundant in online shops. There are many things you cannot find in the local store that can be bargained online. You can shop from any part of the world, no matter what hemisphere you live in.
Get paid: if you work as a freelancer, you can get paid for the tasks you have completed with PayPal.
Choose how you pay: choose the payment method that best suits you. If you have no money in your PayPal account, PayPal will use your linked credit cards, debit cards or bank accounts to fund your payment.
PayPal makes shopping easier, faster and safer.
All your financial details are secure. No information is shared with third parties. PayPal provides a high level of security so you can be sure your financial details are never used for other purposes.