Explain paypal term

[mini]

Pay Your Online Bills using PayPal- World Trusted Online Payment System easy. You set up an account using either your bank information, or a bank issued "credit" card, or a real credit card. If you want to buy something online that accepts paypal, you submit your purchase through paypal, who then takes your money and gives it to the person or business that you are sending it to. There are fees, but only for the receiver of money I believe, much like Ebay takes a fee from the amount of the winning bid(s).

[pretty]

Paypal is an account where you send money and receive money. It needs to be connected to your checking account. So you can purchase items and have paypal take to money from your checkings or if you sell items people send the money to your paypal account then you can transfer it to your checkings. It's suppose to be secure.

[royle]

Hi

Individuals with PayPal accounts can send money to anyone with a bank account and e-mail address. If recipients do not have a PayPal account, they are asked to open one when they receive notification that funds have been sent and are pending.

Thanks

[kally00]

Make instant and unlimited payments with your Verified PayPal account. Complete the following steps to get the full benefits of being Verified. More on Getting Verified

Legend Complete In Progress To Do
Status Tasks Details
Set up bank funding
Add Bank Account
Confirm Bank Account

Getting Verified is a simple process we require in order to provide you with the most complete and secure service possible.

Add bank account. Links your bank account to your PayPal account to enable instant bank transfer between the two accounts. With instant transfer you send and receive money while keeping your banking details private and secure.

[jhoan]

Hi

PayPal is a payment geteway. This is used in E-Commerce. It is way merchent accepts the payment from the consumer. For this merchant needs merchant acount into which payPal deposits money paid by the consumer through credit card.

Thanks