PayPal is a universal payment system founded in 1998 by Elon Musk. In 2002, it was sold to eBay, which later became a separate company. PayPal allows online payments without disclosing your credit card information to the counterparty. You can also use it to send money to other users and use it as a merchant to receive payments.
About 200 million people use Paypal in the world. Paypal has been around for 20 years and is still one of the safest payment methods on the Internet.
How to set up PayPal?
Opening an account is very easy. All you need is an email address and a credit card . Go through simple registration at PayPal.com : If you are a merchant, choose a Company account, otherwise proceed to your personal account. PayPal will try to check if it works – download some small ones and return them, don’t be afraid.
There are basically two methods of payment. Either you transfer some money to Paypal as a credit from your account, or you can connect Paypal to your credit card and it will reach it for every payment. We recommend the second option.
You can pair more payment cards with PayPal and choose between them for each payment. As with a withdrawal from a foreign ATM, you will have the choice whether to use the Paypal exchange rate or your bank . In both cases, the second option is preferable, which you can permanently switch in the settings. What you prefer not to set are security questions.
PayPal did not avoid this rather dangerous, so do not enter answers to questions such as “mother’s name for single” . Fortunately, PayPal is not required. On the other hand, two-step verification is a good security system. In the settings, click Security | Security Key and add your phone (with prefix 00420). You will then need to confirm each login with the code that will be sent to your SMS.
How to pay with PayPal?
Paypal web interface now has a nice new interface. On the home page you have an overview of your balance (if you do not use the credit system, then there is zero), an overview of recent payments and connected credit cards. There can be more of them and you can choose between them for each payment.
So you already have an account, how to pay with Paypal? First of all, it is only possible in e-shops that allow this method. Fortunately, there are most of them, so when choosing a payment, you only specify that you pay by PayPal instead of by card or bank transfer. There’s nothing more.
This is especially useful when shopping at less trusted e-shops. Instead of communicating the data to the Chinese merchant, you only pay Payal and the transaction goes through it. You can also pay for this on Alza, where the reason is no longer as much safety as comfort. Paypal costs you nothing, the fees are paid by the merchant who gains a competitive advantage by making this type of payment available.
How to send money to someone else via PayPal?
PayPal has the main use in paying in e-shops, but you can also use it to send money to another user. He / she should have a PayPal account or open a PayPal account during the process.
However, you have the option of linking PayPal directly to a bank account and sending payments is free of charge. Paypal also offers PayPal.me , which creates a direct link to a specific user for easier payments.