What is paypal? Paypal is the account you can create to buy stuffs online without exposing your credit card numbers or financial information, just provide the online merchant with your email address that you use to create paypal account to pay for it. You can use paypal account to purchase things online or to receive money if you sell items online. Create paypal account in few easy steps
When you use paypal to pay for items online you can choose if you like to pay directly from your bank account or charge it to your credit card that you have on file with paypal. There is no fee to join or open an account.
There are three different accounts you can sign up with paypal:
Free personal account, for individual who use the paypal account to purchase things online. You can receive money from paypal instant transfer or e-check using personal account. There are no fees to receive money or to withdraw money.
If you sell goods online, there is a monthly receiving limit for personal account. You can upgrade your account to premier/ business account to lift monthly receiving limit.
Premier/ business account is for individual or business entity who sell items online. However with this account you pay fees to receive paypal instant transfer, e-check and payment funded by paypal balance.
There are also fees associated with receiving payment funded by credit cards or debit cards for all accounts.
You can create personal account to receive paypal instant transfer to avoid fees and create another premier/ business account to receive payment from your e-commerce store or Ebay auction.
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