PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders.
PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. PayPal is one of the most recognized payment methods in the world. There are over 170 million members using the system. They have built up a trust factor on their own though eBay and on their own over the years by being careful and many say over protective in their responsibilities.
Right now, PayPal operates in 190 different markets, and currently manages over 170 million accounts. PayPal allows customers to send, receive, and hold funds in 18 currencies worldwide. You can use it to get payments from customers, from websites and from other affiliate programs. It is a very secure method of payment, since the person receiving the payment is paid through PayPal and then PayPal debits your account. There is a processing fee per transaction but that's the price you pay for security.
If you are doing business online, you should get a PayPal Debit/Credit Card so you can use it to make your purchases offline as well as online. You also can withdraw from any ATM with it as well. PayPal allows you to connect to your checking account or link to an existing credit card.
You can count on PayPal to be a secure method of receiving and sending online payments. There are other online payment systems available, but PayPal is one of the originals and is very easy to use. You can also sign up for their credit card registered with MasterCard.
Many people will not buy items if they cannot use their PayPal account. There are no start-up costs; you need a bank account for some verification deposits into your account, other than that it is pretty simple.
Here are the steps to getting started:
Sign up now for an Account/ business owner's name, address, and email
Enter your Business name and address
Enter your Customer service information
Use it to accept credit cards, bank transfers, and PayPal balances
Save money and sell more with our merchant solutions
Verify your information.
Confirm email address
The email address you used to sign up
Add and confirm bank account
Enter your bank's name
Enter your account and routing numbers
Enter the name associated with your bank account
It might take up to 3-5 business days for the bank's system to record your transaction and validate the test deposit. Once that is done, go to your PayPal account and click the validate section to complete the process.
After you are done, you can accept credit cards, bank transfers, debit cards, and more! Plus, your customers can pay you instantly, even without a PayPal account. This is a great way to get started in an online business.
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