Paypal is one of the biggest online payment processors in the world which anyone can use Paypal to facilitate their online buying and selling.
Paypal can be used as the middle man for online transactions and has a lot of benefits such as security and flexibility.
Rather than having to pull your credit card out every time you make a purchase online, where anyone can store and use it, you only need to let Paypal know your credit card and bank details and they handle the rest.
Your Paypal will link to your credit card and bank account, so when you want to buy something online you only need to login through your Paypal account to agree to the purchase.
Where can I use Paypal
I cant remember a time anymore where a website which sells something didn’t use Paypal. Just about every website uses Paypal including Ebay. Here is a list of some more, https://www.paypal.com/au/webapps/mpp/where-to-shop-with-paypal
If you have a website and want to sell goods or services its very easy to set up a Paypal account and start accepting money right away. When customers make a purchase Paypal accepts the money on your behalf and stores it in your Paypal wallet until you want to withdraw it (send it to your bank account).
How much does Paypal cost
Paypal is free.. Kinda.
When you make a purchase using Paypal, it doesn’t cost you anything. The person who is selling is the one who pays the fees and they are taken out of the purchase price once it has been received.
Fess vary depending on the amounts but generally its a small percentage around 2.5 and a flat fee of 30 cents.
More fees can be found here.
Advantages of using Paypal online
Paypal is trusted by everyone
Paypal has been around for a while now and all the big websites use it. People trust it and so do banks and businesses.
If you are going to buy or sell something, you might not trust the people your dealing with, but you will be able to trust Paypal.
Disputes
If you have a dispute with the other party, you can involve Paypal to refund you funds. Its very important to keep copys of the transactions and conversations so you can show them to Paypal if you have a problem.
Security
Once you have signed up for a Paypal account you will never have to get your credit card out again and give it to someone you might not trust. You simply logon to the purchase link, use your username and password and Paypal sends or receives the money.