How paypal works , case studies, advantages, disadvantages, features, phone numbers

How PayPal works , case studies, advantages, disadvantages, features, phone numbers

PayPal makes the financial transactions over internet very easy and secure. You can receive/send funds from your credit cards through PayPal.PayPal can be used for online auction sites (such as eBay), to purchase goods or services, and to make donations. There are more than 100 million PayPal accounts in existence.

How to sign-in

Prerequisites are very simple , you just need an email id and a credit card. On sign up you just need to fill in our Postal address , email id and phone no. It is just a simple sign up process. Now you need to link your credit card to PayPal account. For that you just need to click on verify account button and fill in your credit card details. Now PayPal will charge $1.95 from your credit card and your statement will be reflected with xxxxPAYPAL transaction id, where XXXX would be a 4 digit number. you need to type in those digit to finish your verification. Now you are a verified PayPal user.

How PayPal works

Here we are explaining  how PayPal works in 2 different scenarios.

Pay bills online

Suppose you need to pay for some services availed online , instead of using credit cards you can use your PayPal account to pay online , which is internally linked to your credit card, this way it is more secure since we are not exposing our credit card number to third party website.
Once payment is done thru PayPal , and if your PayPal account doesn’t have enough fund it will take it from your internally linked credit card. Another advantage is you can even transfer fund to other PayPal accounts, this way online payments are made so easy and secure.

+ pay bills online
+ shop online

Receive funds online

If you owns a online business and you need to receive payments for the service provided, clients can pay to your PayPal account, or even you can raise a PayPal invoice, once they have paid it it will be accumulated in your PayPal account and can be used for any other online purchase or even you can transfer the amount to your bank account.

+ receive donations
+ get paid for your services

As per my experience PayPal is the best method to receive fund online.

Disadvantages of PayPal

I am not writing more about disadvantages of PayPal since it is all mentioned in
PayPal sucks
About PayPal
PayPal warnings

More info

https://www.thepaypalblog.com/
http://www.ehow.com/how-does_4913093_how-paypal-works.html

PayPal Phone numbers

List of Paypal phone numbers

Need more info ?

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