How to use Paypal: A quick guide

Paypal is a simple and secure online payment solution that allows internet users to make purchases without revealing their actual bank or credit card information to the merchants. Besides shopping online, Paypal can also be used for transferring money locally and internationally and that's why it is very important to know how to use Paypal.

The main advantage of using Paypal is that all your private financial information will be shared with PayPal and thus no third parties will be able to access them. When setting up a new Paypal account, you will be able to choose from three different types: Personal, Premier and Business.

Creating a Paypal account is a straightforward process. You will only need your personal details and a valid email address in the beginning. You can later link your account to a bank account or to your debit or credit card. You can receive and send money before adding your bank account information, but you will not be able to withdraw any funds.

More and more websites accept Paypal payments, so it will be very easy to do your online shopping, as you will not need to enter your credit card information every time you want to make a purchase. You will simply enter your PayPal email address and the payment will be made by Paypal on your behalf, without sharing your card details with the merchant. This way, your payment will be protected. Moreover, a Paypal account is useful if you want to purchase or sell items on eBay, as this is the main payment method accepted by this bidding website.

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