August 22, 2006 1:22am CST
can someone explain pay pal. i opened a private account,because my lot said i needed to ,so i could recieve money from my lot. i didnt join my lot for that reason, but i thought well it might help, like can you use the money for buying things in ebay?sorry if i sound niave, but i am new to all this and need a little guidence.
22 Aug 06
I give here a small note on Paypal for your information and hope your question is answered.Paypal is owned by eBay. You can use credit cards in paypal for making payments. 3. Paypal charges small fee for joining and opening account. But once other transaction starts in our account, money paid pby yoou is put back into account. 4. The recipient of money from Paypal should also have account. 5. You can give your bank account number, so that it can take money directly from your account. 6. You should not give out your e-mail details and account numbers elsewhere. 7. Paypal will never ask you e-mail after you join them. 8. Small organisations can ask paypal to collect money from sales through eBay 9. Premier accounts are charged a commision on each payment they receive. 10. If you leave money in your payapl account, it pays interest at a decent rate, but since paypal is not a bank. 11. Paypal accounts are not insured, although most banks of US are insured. Information given is not absolute, only a few points.