What and how does Paypal work? Also is it true that the money from Paypal can with the sole purpose be uesd on the internet?
Answers: Paypal is like an online bank explanation, that is linked to your mound account. Any payments that you make or receive come out of this vindication. Then when you want actual cash from it, you request a check in the amount that you want.
Pyapal is a middleman to compensate and receive money over the Internet. For example, the seller does not have to process your credit card directly because Paypal does it.
You can verbs your paypal money to a bank account.
I use Pyapal within a small business of mine and it works fine. Just don't respond to all the fake emails that vote there is a problem with your picture.
I'll explain in a moment how PayPal works, but in answer of your second cross-examine . while PayPal is the top ONLINE payment processing solution (it has an April 6, 2008 Alexa Ranking of 243) PayPal can be used OFFLINE (outside of the Internet)! So whoever told you that you can singular use PayPal on the Internet was wrong.
HERE'S HOW TO USE PAYPAL OUTSIDE OF THE INTERNET. Open a PayPal account -- after deposit some money into the account. From this account you can find a credit or debit card associated with the account. I recommend getting a debit card so you're not getting yourself into debt. Using the card is the safest process to buy anything online because you can check daily as to the balance. They also remuneration you for the money market rate (anywhere from a low in the 2% right very soon up to a 5-5% when the market was much better). It's also give you cash back rewards for shopping within brick and mortar stores.
Please know however, that you should keep a low balance because PayPal is not a edge account, which means it's not FDIC insured.
How PayPal works:
1. Your sensitive financial information is carefully stored on the PayPal servers.
2. When you use PayPal to pay online, you provide only your PayPal email address.
3. The merchants/retailers receive salary from PayPal without ever seeing your financial information. This information will also include your shipping address.
4. PayPal helps you safeguard against identity burglary, because every PayPal payment is followed by an e-mail confirming your transaction.
Paypal just act as a go between between you and the retailer. Its very adjectives and offers protection.
I use it for Ebay so have money sitting within my paypal account which I can transfer into my dune account or leave surrounded by my account to use against my next purchase,
Its free to verbs money over lb50 or there is a small charge if under.
Hope this help!