Understanding PayPal

Frequently Asked Questions About PayPal

By Heather Shockney, published Nov 25, 2006
Published Content: 155  Total Views: 691,281  Favorited By: 67 CPs
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There have been many questions lately on PayPal. What exactly is PayPal and how do I sign up? PayPal has been around since 1998. It was used for paying for items won on the auction site EBay.  PayPal offers a real time payment option. They have over 100 million user accounts and have been the recipient of 20 awards for their technical abilities. They are the biggest company that deals with on line payments. Many on line companies choose to use PayPal for paying their employees such as Associated Content. This allows for fast payments and not having to deal with mailing checks and such. You might be wondering how you can get your own PayPal account, I am going to provide the answers to this and many other frequently asked questions about PayPal.

 
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Understanding PayPal

The PayPal debit card allows you to spend the money right from your account.

Credit: Heather Shockney

Copyright: Heather Shockney

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Takeaways
  • PayPal is very secure.
  • It's very simple to sign up for a PayPal account.
  • They have three account choices, personal,premier,or business.
Did You Know?
You can earn 1% back on purchases made with a PayPal debit card.
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Comments
Showing Comments 1 - 8 of 8
 
 
I don't understand. When you say it charges a .30 cent fee per transaction and a 4.9% fee (in this case if you have a personal account) per transaction but it says sending, adding, transfering, and recieveing money is all free??? So is it free to get money from AC or does paypal charge that money??? And all you people who leave comments like "It's amazing not everyone understands paypal!" are ridiculous. Why are you even reading the article? How were you born understanding paypal.

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Posted on 09/23/2007 at 2:09:00 PM

 
Very informative.

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Posted on 04/26/2007 at 12:04:00 PM

 
Good article. I have had paypal for several years now and have had a good experience with them.

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Posted on 03/25/2007 at 7:03:00 PM

 
This was an excellent article. It is really weird - there are a lot of people who have no idea what paypal is. Even those who "get" ebay. Weird. But this was a really great article explaining it!

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Posted on 12/02/2006 at 7:12:00 AM

 
I have had nothing but problems with PayPal's "customer service". They are snotty and give out false information. But I have to use PayPal to get paid from here.

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Posted on 11/29/2006 at 4:11:00 PM

 
Good information. It's hard to believe that not everyone knows about PayPal, but it's true, they don't.

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Posted on 11/29/2006 at 9:11:00 AM

 
I am glad you wrote this because I am tired of explaining to people what is PayPal!

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Posted on 11/26/2006 at 9:11:00 AM

 
I liked the FAQ format you chose for this.

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Posted on 11/26/2006 at 7:11:00 AM

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