Send & Receive Payments Online (paypal.com)

Member Name: marina321

Product:	paypal.com
Date:	24/03/09 (25 review reads)
Rating:

Advantages: Send and receive payments online, easy to use, Site is user - friendly, easy to navigate

Disadvantages: None

I opened a PayPal account a while back but only started using it actively almost a year ago when I started earning money online.

PayPal is one of the most popular online payment processors and various money making sites pay their users through it.

All you need to open an account is an email address, it is easy to sign up to the site and you can start using it by giving the email address that you sign up to PayPal with to the sender of the payment.

To log onto your PayPal account, you sign in using your email and password created when you sign up. You can check all the payments sent or received using the options on the site's homepage which consists of the following:

MY ACCOUNT:

'Add Funds': Using this opiton, you can transfer money from your bank account to your PayPal account. It takes about 7 to 9 working days and is free.

'Withdraw': This option can be used to transfer money from your PayPal account to your bank account. This takes 3-5 working days.

'History': Shows all your transaction history.

'Profile': You can 'add or remove an email' and 'add or remove a bank account' to which money will be sent to and edit your profile details.

SEND MONEY:
You can Send Money to another PayPal account using this option; simply enter the email address of the person you're sending the money To, the amount and whether it's a personal payment or purchase.

You can 'Pay Anyone', 'Pay for ebay Items' or 'Make a Mass Payment'

REQUEST MONEY:
You can request money from anyone with an email address using this option.

The above are the basics you need to use PayPal with ease, there's other aspects of it like 'merchant tools' and other 'products' and services which one can look into if they wish, I have not used them yet..

Although you do not need to have a verified account to send or receive money, my PayPal account is verified and all I had to do was 'add a bank account' then 'set up bank funding' and 'Verify' following the steps they give..
PayPal then deposits two small amounts in the bank account, about £0.01 to £0.03 and you then you log onto your PayPal account and enter these amounts in the option provided.
Verifying the account lifts your 'limits' i.e the amount you can withdraw from your PayPal account.

I have received almost £200 in payments through my PayPal account from various money making sites. I always receive payment notifications via email from PayPal and the minimum amount you can withdraw from PayPal is £6 and transferring payments to the bank account normally takes 3-4 days as stated.

Check the fees and limits that apply to your account to see when is the best time to withdraw, the minimum account to withdraw for my account is £6 and the withdrawals of £50 each I have made so far have been free.

I have not had any problems with the site and when I had one query, I got a prompt reply, would recommend the site..

©marina321 Dooyoo March 2009; Ciao.co.uk March 2009; Ciao.com March 2009

Summary: Easy to Use Payment Processor