questions about paypal

[darkangel]

Hi, I have never used paypal before and I would like to know how to go about signing up for it. But first I ahve a couple of questions.

1. What is paypal?

2. Does it take money straght from my account?

3. how does it work?

thankyou feel free to say other stuff about paypal of which I have not thourght of asking.

Thanks.

[dgnr7982]

its a system that debits ur card - like an online retailer - payment is sent and received in email form and paypal debits you.

yes, unless you have a balance on ur paypal account

they debit/credit the card number u give them in view of the email payments u send/recive.


To receive a payment in ? its 20p + 3.4% of the value - rip off! best used for paying for stuff rather than using it when you sell - unless you want to sell items abroad - thats where its real strength lies - u can pay in any currency anywhere in the world.

its now owned by evilbay

[darkangel]

so it gives me virtual money to spend? and then however much I spend of the money it takes from my account? how does it work the other way round? R.E selling?

[dgnr7982]

yeah u just send and receive then ur card is debited/credited that amount - note that it costs extra to take money from your paypal account to your bank account and takes 7 day!

when you sell it goes to your paypal balance which you can either use for purchases or upload to ur bank account - you can do partial payments to use ur paypal balance + a remainder from your bank account.

[darkangel]

ok, I think ive got it. you spend the virtual money it debits/charges your card. you sell and you either get paypal money or bank money. and whats this about the 7 day charging thing?

[dgnr7982]

it takes 7 days from money to go from your paypal balance to your bank account and costs 50p - u dont have to send the money to ur bank account though - u can just leave it on paypal for any future purchases you make.

It takes about 5 days for paypal debits to show up on ur bank account statement - you can use a credit card or switch/solo.

[darkangel]

thankyou, 2 more questions where can I get a paypal account? and how much paypal virtual money do you get to start off with?

[sam1981]

There's info about this on paypal.co.uk which is also where you can sign up.

[darkangel]

1 more thing how do I put money from my bank account onto paypal? thankyou for all your help. and should I sign up for a premium account? it asks to put my name how it is on the card so first name I put Daniel Adam and then 2nd name I put Bendelman? also what does address 1 and adress 2 mean?

[dgnr7982]

you don't put bank account money onto ur paypal account - they will just debit u when u send money.

I think i have a premier one - i really don't know what the difference between them is

[sam1981]

I've only ever used it once (today in fact!), but I think you just enter inyour credit/debit card details and it just takes out the money like any other online transaction.

[sam1981]

I just have a basic account and I'm pretty sure it said it was free to send and recieve money.

[darkangel]

and should I sign up for a premium account? it asks to put my name how it is on the card, so first name I put Daniel Adam and then 2nd name I put Bendelman? also what does address 1 and adress 2 mean?
_________________

[dgnr7982]

adress 1 & 2 are just normal address lines, some people have long addresses.

It's free to send money but there is a fee for receiving it

[darkangel]

You cannot access PayPal because your browser does not currently support cookies. You must enable cookies with your browser before you may use the PayPal site. Please go to your browser's help files to learn how to enable cookies. After you have enabled cookies, you may have to refresh the page twice.

If you have already enabled cookies and are still unable to log in to the PayPal website, please email [email protected].

Error 3014


what do I do now?