Home Services How to Use Paypal- A detailed Guide

How to Use Paypal- A detailed Guide

by Shagun Saini
PayPal

One of the most popular forms of payment processing site in the world that let you send and receive payments online for many years, and also makes it easy for online sellers to accept payments from shoppers worldwide.

  • What is PayPal?

PayPal is one of the most popular forms of payment processing site in the world that let you send and receive payments online for many years, and also makes it easy for online sellers to accept payments from shoppers worldwide.

Here, you can link your credit card, debit card, or account with PayPal and send and receive money online. PayPal service as a distributor that exists between the bank and the merchants and keeps your information protected while you make transactions.

  • How to send money through PayPal?

Most people open PayPal account to use the PayPal services and do transactions. The PayPal payment system can be used by the people for any of the following happenings:

  1. To buy products from online retailers
  2. To pay for the freelance services
  3. To pay for products buy in-store where you can connect your PayPal account with Google Pay or with Samsung Pay
  4. You can also send money to your family or friends using PayPal
  5. For sending money through PayPal, login into the account is a must. Where once you have finished the payment transaction on the bank page you will be redirected to the merchant page or application.
  6. Although, making payments to other PayPal users using Paypal is much easier. Where you just need to click on the send button in your Paypal account to send the money.
  7. Here, you will also have an option to choose for what service you are paying i.e. paying to a friend or for a service. Whereas in case of transfer to a friend, the service of PayPal is free, and in case you are paying for a service, a transaction fee is being charged.
  8. Loyalty cards can also be added to the Paypal account in order to gain loyalty points while you pay using the PayPal application.

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  • How to set up a PayPal account:

In order to set up your PayPal account firstly, you should know which type of PayPal account you want to create. As there are 2 types of PayPal accounts:

  1. Business account, and
  2. Personal account.

 

  1. Business account:

In order to accept business payments through an online PayPal business account is offered where a person can use credit cards and debit cards, the transaction can also be performed online even if the person or the customer is not having a PayPal account. You can also send invoices to the clients and also receive the money online using PayPal services. Here, in the business account you also need to fill in the following details:

  • Legal first and last name;
  • Legal business name;
  • Legal business phone number;
  • And business address.
  1. Personal account:

The most common account type used and preferred by most people and users is a personal PayPal account that lets you send and receive money and also make purchases while using the PayPal application. Here, with PayPal, you can also access your personal history as well as link new bank accounts, and add credit cards to your account too.

  • Creating a PayPal account:

So, now let us see some steps to create a PayPal account.

  1. Step 1: Firstly, you need to Go to comor you can also download the PayPal app from the google play store or from the app store.
  2. Step 2: You need to click on the sign-up button and proceed.
  3. Step 3: Then you need to select the account type, where you can select a personal account.
  4. Step 4: Now, you can type in your phone number where you will receive a security code that you need to provide to PayPal.
  5. Step 5: Now, you need to provide the following details: your first name as well as your last name, your email address, and a secure password for the account.
  6. Step 6: Now, also enter the mailing address of your’s and then agree to PayPal’s privacy policy. And this will create your PayPal account.
  7. Step 7: Now, your PayPal account is created. You can also add your credit card, debit card as well as bank account to the PayPal account created.

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  • Is Paypal free?

While you create a PayPal account, it is free while online purchases and most personal transactions you do online are also free. Although, a certain amount of fees is charged by PayPal on certain types of transactions as:

  1. Fees for purchases
  2. Fees for personal transactions
  3. Fees for withdrawing money

 

  1. Fees for purchases

For online purchases with retailers that accept PayPal, there are no fees involved, unless there is no currency conversion involved. Whereas in the case of currency conversion there is almost 2 to 3 percent foreign transaction fee involved in the purchases made.

  1. Fees for personal transactions

In the case of personal transactions involved which involves transactions with friends and family, then these transactions are considered as personal transactions, where some of these transactions do involve fees while some do not, which is based on where you are sending money and from where you are withdrawing money from.

  1. Fees for withdrawing money

There also exist some other fees on PayPal that a user may encounter when using PayPal. Although, there are no fees involved when you transfer your PayPal balance to any local bank account where you also need to wait for this process to complete. In case you want instant access to the funds then you need to pay a 1 percent fee for the same. Whereas, a $ 1.50 fee per withdrawal is charged in case you draw a check from your PayPal account.

  • What is PayPal Credit?

PayPal Credit is a credit lending program that ley you use credit just like using a credit card, but you can just use it for online transactions where PayPal is being accepted. So, defer payment service is being provided by Paypal credit.

  • How to use PayPal credit?

You can use PayPal credit for credit payments done online where PayPal is being accepted. Though, the terms and conditions of PayPal credit should be read before its use.

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  • How to pay someone with Paypal?

In order to pay someone with PayPal you need to follow the following steps as:

  1. Firstly, click on the send button and then request at the top of the page.
  2. Then you need to select the type of payment.
  3. Enter down the recipient’s email address and also the amount to be paid
  4. Then you need to choose the type of payment and then click continue.
  5. Fill down the details needed and asked
  6. Then click continue.
  7. Then you just need to review your payment and then click on send money.
  • How to use PayPal on Amazon?

In order to use PayPal on Amazon, you can buy the gift card on amazon using PayPal and then, later on, use the gift card to shop on Amazon. 

  • How to check PayPal balance?

In order to check your PayPal balance, you need to log in to your PayPal account. Then on the left side of your main account page, you can find PayPal balance option on the website where you can check your PayPal balance.

  • Do I need a bank account for PayPal?

No, you do not need to have a bank account for sending money through PayPal as well as for receiving money through or on PayPal. Although, in case you want to withdraw money than in case you need a bank account.

  • Does Paypal charge to receive money?

Yes, there are certain amounts on fees involved in PayPal to receive money. Though, it is free while online purchases and most personal transactions you do online are also free. Although, a certain amount of fees is charged by PayPal on certain types of transactions as:

  1. Fees for purchases
  2. Fees for personal transactions
  3. Fees for withdrawing money
  • Why use PayPal?

Paypal is a secure, easy as well as a convenient option for users available worldwide and also used by many customers and users.

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  • How much does PayPal take?

Paypal takes 2.9 percent of the payment plus 30 cents per transaction in case of business transactions before you can put the money or transfer the money in your account. Although, this fee is charged for the business and not from the customer.

  • Alternatives to PayPal

There are some common Alternatives to PayPal as:

  1. Venmo
  2. Cash App
  3. Skrill
  4. PayLine

Conclusion:

For online shopping and money transfers, people consider PayPal as a reliable as well as a secure option. As, PayPal is one of the most popular forms of payment processing site in the world that let you send and receive payments online for many years, and also makes it easy for online sellers to accept payments from shoppers worldwide.

Frequently asked questions:

  • How to use Paypal credit?

You can use PayPal credit for credit payments done online where PayPal is being accepted. Though, the terms and conditions of PayPal credit should be read before its use.

  • Is PayPal free?

While you create a PayPal account, it is free while online purchases and most personal transactions you do online are also free. Although, a certain amount of fees is charged by PayPal on certain types of transactions as:

  1. Fees for purchases
  2. Fees for personal transactions
  3. Fees for withdrawing money
  • How to pay someone with PayPal?

In order to pay someone with PayPal you need to follow the following steps as:

  1. Firstly, click on the send button and then request at the top of the page.
  2. Then you need to select the type of payment.
  3. Enter down the recipient’s email address and also the amount to be paid
  4. Then you need to choose the type of payment and then click continue.
  5. Fill down the details needed and asked
  6. Then click continue.
  7. Then you just need to review your payment and then click on send money.
  8. How to use Paypal on Amazon?
  9. In order to use PayPal on Amazon, you can buy the gift card on amazon using PayPal and then, later on, use the gift card to shop on Amazon.
  • How to check PayPal balance?

In order to check your PayPal balance, you need to log in to your PayPal account. Then on the left side of your main account page, you can find PayPal balance option on the website where you can check your PayPal balance.

  • Do I need a bank account for PayPal?

No, you do not need to have a bank account for sending money through PayPal as well as for receiving money through or on PayPal. Although, in case you want to withdraw money than in case you need a bank account.

  • How much does PayPal take?

Paypal takes 2.9 percent of the payment plus 30 cents per transaction in case of business transactions before you can put the money or transfer the money in your account. Although, this fee is charged for the business and not from the customer.

 

 

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