All you need to know before proceeding with PayPal
You might have heard about PayPal before, but the main concern after getting to know about this word is the questions that might arise for example, what is PayPal? How it is used? How does PayPal work? Is PayPal safe? What are its advantages and disadvantages? And so on…
These questions might remain unanswered in your mind. Before proceeding with PayPal you must know the answers to these concerns. In this article, we will discuss some most commonly asked questions and concerns about PayPal to help you proceed with PayPal successfully.
What is PayPal?
PayPal is a well renowned and oldest online money transfer method. Moreover, Coupled with the quick and easy sending and receiving ways it serves in money transfer to friends and family residing abroad. Besides this, it can also be used in online shopping. In brief, you can say PayPal provides everything you can expect in online banking.
How does PayPal work?
That’s the most concerned question arises regarding PayPal. A lot of people ask this question to the PayPal users and sometimes they won’t even get any appropriate answers to understand the fact that how does PayPal work. That’s why I am writing just the concerned and important information you need to start with PayPal.
Before using PayPal you need to set up a PayPal account by simply providing your name, e-mail address, phone number, address, and password. Furthermore, Your email and password will allow you to log in with your account every time you open it. So, remember your password and try to set a strong password to avoid certain mishaps. It’s just a beginning; you also need to register your bank account or credit card with your PayPal account in order to send and receive money in your bank account or you can also use it for online purchases.
How does PayPal work in online shopping?
Paying with PayPal is just a one-click job. Online shopping stores providing the facility to pay through PayPal posted the PayPal payment option with its logo on the Payment selection section. You just have to check out using PayPal, to begin with, the online payment. Then you will receive a confirmation message and by confirming the payment you can easily end up shopping.
Is PayPal free?
Another major concern, especially for beginners, is the fees. In particular, PayPal account is free but fees might be according to the mode of payments. For instance, you can send money to family and friends without any fees or additional charges. Moreover, if you are sending through the credit card the recipient will pay the fees associated with it. However, PayPal also allows stating the fees of payment by the sender.
Also, you can check the fees overview at the bottom of your PayPal account. It will make it easy for you to decide which way you are charged and what services are free of additional charges.
Who can use PayPal?
Isn’t that even more major concern before getting to know that how does PayPal work? I think working of PayPal is concerned with the question that who can use it. Well, mostly freelancing marketplaces are more popular in paying via PayPal. While a lot of people who can do online shopping and purchases every now also bothers to use PayPal instead of their bank accounts.
Another major group using PayPal in their daily lives are those who are residing abroad and are more convenient with sending money to their families and friends online via PayPal. This is because every country has its own bank accounts which might not be able to be processed in other countries. So you need a common bank or account associating the two countries and the most popular and commonly used option nowadays is PayPal.
Is PayPal safe?
PayPal is serving at the online marketplace from years. It is totally safe and secure until and unless there is a safe connection linking with PayPal’s website or account. In order to avoid security, attacks try not to make any transactions using public Wi-Fi. Another thing adding more security to your payments is the use of a credit card instead of direct bank transactions or debit card as your funding method.