what is paypal account
July 6, 2008 8:55am CST
hello friends ,plz send me the meaning of paypal account ,i dont have any knowledge about paypal. plz give the detail actually mylot is my first earning stage on internet, so plz help me.....
• United States
6 Jul 08
Paypal is a payment processing site. Mylot will send the money you earn to your paypal account then you can either spend the money from your paypal account on the interne like on ebay or you can link a bank account and have it sent to your bank account to sign up for a free paypal account just go to paypal.com it will give you all the answers you need.
6 Jul 08
hi dear sangeetgupta a paypal account is the intermediary appointed by the mylot and all other international agencies for easy transfer of money across all nations in all currencies. if have to remit say 50 dollars to us or any other country there are more than one factors involved. 1.time 2. charges here both the things are considerably saved. transactions are thru the net -online hence save time. secondly the charges are far less as compared to normal banking transactions. you have to furnish your local bank account details and link it up with the paypal account. when you open your paypal a/c thru mylot site..no documents are reqd. to be furnished . it is all thru your email a/c. when the amount is accrued in mylot system they will transfer the same to your paypal a/c and paypal will remit it immediately to the local bank whose information you have provided them with. it is rather simple. you can go ahead. it is important to furnish correct information. all the very best.