about PayPal

What Is PayPal? PayPal is a banking service, a sort of "First Bank of the Internet," which lets you shop and pay money electronically. PayPal is much like a bank; they make money by investing customer deposits. Using PayPal, you can e-mail money electronically to the millions of other PayPal account holders.

Why Is It Safer to Buy Online using PayPal? Because only PayPal gets your credit card number; PayPal doesn't give your credit card number to the merchants you buy from.

How Do I Open an Account? Visit the PayPal web site. If you sign up with a credit card, then for a limited time, they will put $5 in your account just for signing up! After you spend that, your credit card or bank account will be automatically tapped as needed to fund your PayPal account. (Now available in the USA and certain other countries; check here to see if your country is listed.)

How Do I Get Money into My Account? PayPal adds money to your account as needed, by charging your bank or credit card.

How Do I Get Money out of My Account? PayPal can cut you a check on request, or can wire money directly into your bank account.

Which Computers Can I Use? Any desktop. Or any handheld with PC.

What Software Do I Need? Only a browser. Special software is needed only by handheld machines.

How Do I Know PayPal Is Legitimate? Go to the web sites you know and trust, and read these reviews:

Why Will Customers Like PayPal? Because it's not just for shopping. It also lets you reimburse your friends. Can't do that with a credit card. Also it's faster and cheaper to use PayPal than to write a check, mail the check, wait for it to arrive, wait for it to clear....

Why Will Merchants Like PayPal?

  1. Security. I can't speak for other business owners -- but I have a credit card like you do :^) ! Our culture of easy access to people's credit card numbers makes us all vulnerable, and so we need a more secure system. If customers were better protected, they'd buy online more often.
  2. Simplicity. Also, isn't it a big hassle to become a registered merchant with Visa, MasterCard, American Express, etc.?
  3. Moolah. Finally, for a limited time, I get $5 for every new PayPal user I sign up :^) . Want to sign up? To register while giving me credit, click on any PayPal link on this page.
    Suggestion: If you bookmark this page, you can think about it and come back later.

Where Can I Learn More? See PayPal's web site. Click here to pay by Credit Card with PayPal.

Where Can I Open an Account? Click above.

The above are the understandings and opinions of an enthusiastic business owner, not of PayPal. For the latest details, visit PayPal. 

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Los Alamos, NM  USA