What is this paypal thing?
By jesse15
@jesse15 (153)
India
August 2, 2008 5:37am CST
I'm new at internet and these money making sites. All these sites asks for an account named paypal. Well I visted at paypal website they say online account for money transfer. They say sign up. And that's where I got confused there are three options 1 2 3 i dont remember the names. Which one should I pick among those three. You know for sites like these who gave money to their users. Can somebody help me out of this? coz I didn't fill my account here at mylot.
Thanks.
Jesse.
2 people like this
3 responses
@lebi82000 (56)
• India
2 Aug 08
Hi paypay is like a bank account.when you earn money on mylot or any other site your need to get it so you have to open an account on internet which is provided by paypal.After that you can withdraw your money from any bank you have account in.That means paypal tranfer money from your paypal account to your bank account.If you want to know more about paypal please feel free to write a message to me.
@niv_musicman (346)
• Bangladesh
2 Aug 08
Yes They do.
It varies from account to account and sometimes country to country.
1 person likes this
@cyberbucks (199)
• India
2 Aug 08
paypal is a internet bank account which creates your online account,from where you can send or receive funds .they provide you three types of account.
1.Personal
2.Premiere
3.Business
I think personal account will be good for you but you need a credit card to verify your account.you can operate it without verifying it also.
premiere is for persons having mass transactions and same for business.
But in personal account there are limits.For further details go to paypal help center.
@lilaclady (28207)
• Australia
2 Aug 08
Hello jesse, Paypal is just an in the middle type banking system, where you have the account connected to a bank account or credit card or both, I see you are from India, I am not sure if paypal works there i hope some others from india can help you there...I hope it all works out for you...welcome to Mylot
1 person likes this
