FAQs for Using PayPal

Posted by Leland On January - 17 - 2014 0 Comment

Top-of-Your-Head Questions on PayPal

If you’re a hardcore Internet-user, or an online business owner, you should know PayPal. PayPal brands itself as one of the safer—if not exactly the safest and quickest way—to send as well as receive money online.

PayPal users enjoy the convenience of having a PayPal account synced to their credit card account. This allows them to shop online so they wouldn’t have to go anywhere or be anywhere if they can’t be. Everything that happens happens there: online. This is isn’t just convenient, it’s incredible. Imagine being able to buy that one book by that reclusive author you like so much—one that’s sold only in Japan or the U.S.? Having a PayPal account makes it easy for you to own that book—and anything else you’d like, so long as you’ve got a credit card.

So if your account still isn’t synced, why not give it a go today? If you’re not all too familiar with the way PayPal works, here are a few basics to help you get started:

Can I Use PayPal Outside eBay?

Yes. PayPal is now available to all online merchants as well as online stores. If you’re about to sell or purchase a product, simply set up an account, and go from there. To be able to send or receive money, you just have to provide your username and PayPal account number. Your account has features that allow you to manage your money such as encashment, and tracking features, among others.

Do I need to share my credit card account information during transactions?

No, you do not. If you manage your account, that’s the only time you put down your credit card information. But, when you process the transactions, all you have to provide is your email account—which is why PayPal is different from many payment channels online. Others ask you to provide your credit card information just about every time you log in for a transaction. That’s not only a waste of time, it’s a constant hassle as well. PayPal does away with all that.

Are there any rewards if I use PayPal?

Yes, there are rewards such as points that you may convert to air miles and cashback.

Can I use PayPal for transactions other than shopping?

Yes. You can also send money—in 24 currencies—via email or your mobile through PayPal. You only need to provide your email address. If you sell products online, then it’ll be easy for buyers to pay you. On the other hand, if you want to pay or lend someone some money, PayPal has a feature for this as well.

Do I need to bank money on my PayPal account?

No. Wonderful right? But to buy something, you must link your bank account, credit card or debit card account to your PayPal account. When that’s done, then you can buy anything you want—and can afford—online.

Can I use my PayPal account to send donations?

Yes. You can make a difference with your PayPal account and donate to many online causes. You can even search for your favorite non-profit organisations and donate. The process is as easy as when you shop.

Can I transfer money abroad?

Yes. If you have relatives abroad and you want to give money as a gift, you can transfer most amounts with minimal fees. Check out the fee calculator for corresponding charges. Imagine yourself sending that money in just a few clicks and without you needing to go out of the house. It’s all really convenient.

How can I withdraw money from my PayPal account?

If you link your bank account to your PayPal account, you can transfer the money directly to your account. The process takes about 5-7 days, but it’s free! You don’t need to go out and have your balance encashed.

Is PayPal safe?

Yes! PayPal uses anti-fraud technology. There are also privacy laws in place and PayPal works under these laws to protect the privacy of their users’ information. For more on that, check out the PayPal Security Center.

Comments are closed.