Tuesday, October 6, 2009

PayPal 101: How Paypal Works 3 of 10

http://netforbeginners.about.com/od/ebay101/ss/paypal101_3.htm
posted 2009 september


Part 3: What can I use PayPal for?

Answer 1: eBay purchasing. eBay sellers prefer to receive their payments via PayPal.

If you want to participate in eBay, it is imperative that you set up a PayPal account for yourself. Over 90% of eBay sellers choose PayPal as their trusted method of choice for taking payments. eBay does own Paypal, so you can be confident that its ownership is motivated to keep it a stable and reliable service.

Furthermore, PayPal is very amateur-friendly. Whether you are a new buyer, or someone just starting out as a new seller, Paypal is truly the most convenient way to do trusted payments online.

Answer 2: PayPal is also good for personal transactions. You don't need to be on eBay to use PayPal. PayPal is also ideal for moving money between strangers, without using credit card or personal information. Maybe you want to collect money for your sports team, your church, or your next group purchase of camping gear.

  • One PayPal Example: if you want to arrange a group discount purchase of paintball gear for your paintball club, you can coordinate with your friends by email, and have them send you their payments through PayPal.

  • Another PayPal Example: you find a digital camera you really like at an obscure online store in Ohio. Instead of trusting a strange store with your credit card, you send them PayPal instead.

Next: "How Safe is PayPal?"

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