How does PayPal work?

@hora_fugit (5859)

India

February 17, 2007 4:28am CST

For banks, we issue checks or DDs in which amount is clearly written. So the banks verify that the said amount is withdrawn. But how does an online bank work, for instance PayPal? If I want to withdraw some money to give to an online site, I give my paypal address..... then? How would I forbid the site to take more money than I had intended to? Can somebody help me please??

2 responses

@samson1967 (7411)

• India

17 Feb 07

The Online site to which you owe money will send you their invoice or bill with a CC to paypal. In turn paypal will ask your approval, if you approve only paypal will pay your seller. Hence you will have control on your transfers and withdrawals.

1 person likes this

@hora_fugit (5859)

• India

20 Feb 07

Thank you so much for clearing my confusion, and that too in few words;) All the best!!

@hora_fugit (5859)

• India

20 Feb 07

Thank you so much for clearing up my confusion**

• Nepal

17 Feb 07

i am sory my friend in paypal has not extended its service in our country i work through e gold i could have said if i was known to that

1 person likes this

@hora_fugit (5859)

• India

17 Feb 07

no problem:) thanks for replying