PayPal - what is it and how to use it?

E-commerce in the 21st century is becoming one of the most promising ways of calculating between the seller and the buyer. Evidence of this is at least the fact that only in Russia in 2013 the volume of the electronic money market exceeded 2 trillion rubles. If we compare this figure with 2012, we can see that the e-commerce market has grown by 23%. By these figures, it is easy to understand that electronic payment systems are gaining popularity every year.

Consider one of the most common e-commerce systems around the world - PayPal.

Birth of the system

The history of PayPal dates back to March 2000, when it was invented (as a result of the merger) of several students, one of whom was an emigrant from the Soviet Union (Max Levchin).
Immediately after the creation, the company began to service electronic auctions, in particular, the world-famous eBay (in one month of existence more than one million auctions eBay offered payment by PayPal).

In 2002, a giant eBay corporation purchased PayPal, and from this moment 50% of purchases at the auction occur exactly through the latter.

In 2012, 190 countries could pay or trade with PayPal, in the arsenal of the system - 24 currencies around the world. The beginning of 2015 was the moment of the split of eBay and PayPal, and now these are two different corporations.

check in

So, the system PayPal. What it is and why it exists, we sorted it out. To start working with PayPal, you need to complete the registration process. To start registration in PayPal, you need to go to the official site (it's the same for all countries, but for convenience you can select the language you need), click on the "Register" button and in the next window select the "Personal account" tab, then click on the button "Continue".

After that, the browser is redirected to the page where you need to specify the country of residence, e-mail, set a password for logging in (it should consist of at least 8 characters, and it is better to enter both letters and numbers).

The next stage of registration is the completion of personal information (name, surname, date of birth, nationality, city, street, postal code, and telephone number). All the data should be entered correctly in order to avoid further problems, since the account (or PayPal-wallet) will be opened exactly according to the specified data, which then is very difficult to change.

account activation

If all the fields are filled correctly, you need to put the bird in the column "User Agreement", then click on the "I agree, create an account" button. Then you should check your mail and activate the account by clicking on the link in the email.

Add a bank card

Consider how to top up PayPal. There is one more important question. It reads: "How do I transfer money to PayPal?" You must first attach a bank card to the system. This is done in the user menu. You need to go to the link "Connect and confirm my debit or credit card" (top right on the site). After that you will need to enter all valid card data, namely: name, name, card type (Visa, Master Card, etc.), number, expiration date and so-called security code (3 digits that are on the back of the card ), Then click on the "Continue" button.

To ensure that the process of binding the card was successful, and you could learn how to pay for PayPal, it is required that the card has an amount equivalent to $ 1.95. This amount of money the system will automatically remove to verify that the card really belongs to the owner. This money will not be lost, but will return to your account account exactly in 24 hours.

Limits on withdrawal of funds

The PayPal system sets certain limits on withdrawal of funds for security purposes.

The minimum limit for CIS citizens is $ 50 or the equivalent in another world currency. Maskimal withdrawal of funds for the day (for residents of the Russian Federation) at the moment - 15 000 rubles, a month you can withdraw no more than 40 000 rubles. PayPal payment system in Russia, user feedback about which inspire confidence, charges a minimum commission for withdrawal of funds. This is a very profitable moment.

How to learn more about limits and how to top up PayPal? You need to go to the "My Account" tab in your account.

How to transfer money to PayPal

To transfer money in the system (say, to another account), just go to the menu and click on the "Send money" tab. In the appeared window it will be necessary to enter the data to whom the money will be sent (PayPal-purse of the payee), amount and currency. The default is the US dollar, but you can always choose the equivalent in another currency, if necessary.

If there is a question about transferring to your card, which is tied to the system, then it's still easier, because the transfer of PayPal money to your personal account is provided by the system. This can not but rejoice users. PayPal - what is it? As you can see, this is a very convenient payment instrument.

To transfer money to the menu, you need to select "My wallet" and mark the item "Transfer to a bank card", specify which card should be credited (since you can register several cards in the system), enter the amount and press " Translate". In this case, payment is almost instantaneous, and if everything is in order with the bank (there are no problems with the network, say), then you can cash out the money from the card in 2 minutes.

Account Types

What is PayPal and how to use it, we sorted it out. Now it's time to tell what accounts are in the system.

Global PayPal accounts can be divided into 4 types (types):

• personal;
• Premium;
• Student;
• business.

The most common type of account is personal (or personal). They can freely transfer money from PayPal, or accept currency. At the same time, contacts with various payers are envisaged. In order for the money to be delivered to the address, it is enough just to have a PayPal-purse and an e-mail address. This is all limited. The user can not send or receive money from any kind of card, only transfers within the system are allowed.

Premium accounts have added specialized features that are not available to other users. If you are interested in the question of how to transfer money to PayPal from the card, this kind of personal cabinet will help to answer it. It is in the premium account that you can freely withdraw money to the cards of other participants or take money on your card through the system.

Student account is an innovation in the electronic payment system. Using it, you can easily answer the question of how to transfer money to the child's PayPal account, if he is studying or living abroad. A person must be at least 13 years old, so that you can easily open an account. One parent has the right to have up to 4 such accounts. A real account does not open, but a system of replenishment of the student account from the parent takes place.

The business cabinet allows the user to make the most of the service. You can accept payments as an enterprise, there is no limit on the currency turnover per day, and, most importantly, you can take money to an account from any other bank or from an electronic wallet (not PayPal). In the types of accounts discussed above, unfortunately, there is no such option.

Verification of the user

First, let's define with the phrase "Verification of the PayPal user", what it is, also consider. Let us explain the word "verification" in simple words. It means acknowledgment (in literal translation), and in our case - confirmation of the veracity of the filled information about the user, which is registered in the system. That is, the system requires certain actions on the part of the user in order to make sure that the information he submitted is 100% true (for example, you can register as Vasya Pupkin, but in fact they do not have to).

While the user is not verified, payments can be made, but with certain limitations. For the removal of the latter you need to send in electronic form or by mail a scanned copy of the passport (with a residence permit) and confirm the mobile number. This data is confidential, you can be sure that they will not get into bad hands through PayPal.

Advantages of verification:

• Sending and receiving any amount of money at any time of day;
• Trust in the verified user is many times greater than to the unconfirmed;
• Lightning-fast sending of payments from a bank account without delays and other minor annoyances;
• Availability of exclusive services (among them - protection of the seller)

Why PayPal?

Among all possible electronic methods of payment in the Internet PayPal takes the 1 st place. And it's no accident. For the PayPal system - what is this, how is not the safest place to store personal savings? Advanced technology and two-factor authentication determine fraud of any kind. To get to your personal means is almost impossible, even if the robber is a hacker with experience. The account is attached to the physical key generated by the system. This key can be stored not on the network, but, say, on a flash drive. Without access to the key, no one will ever be able to steal any amount of money from the account.

A little about the commission

How to transfer money to PayPal and not to spend money on a commission? Actually nothing. The system charges a commission, but only with the transactions that have taken place. You do not need to pay for opening an account and servicing it.

To withdraw funds for a check (real, which can be cashed in any bank), you need to give the system $ 1.5.

The commission depends on the country in which (or in which) the transfer will be made, from how to transfer money PayPal (bank or electronic transfer), as well as from the currency of the transfer.

For example: if you withdraw money from your personal account to your US account, you do not need to pay anything, while in Bulgaria you will need to give $ 2.5 for such a transfer.

Also the system provides for a refund commission. If for some reason you need to return the funds back (how to transfer money to PayPal, described above), then for this too a certain sum will be deducted.

As for the commission within the system, it also exists, and depends on the country and on other factors. In the system itself, you will need to divide 0.5-2% of the total amount of the transaction or transfer. Again, a certain figure can not be named, since everything depends on many factors.

Conclusion

From all of the above, it became clear what PayPal is and how to use it. The choice in any case will always remain with you. The system has proved itself and proved the right to its existence by the fact that it is trusted by millions of people around the world - it has existed for more than 15 years. If the question is in translations within the RF, then you can find an alternative, but if the receipts are from different countries, then, of course, you should choose PayPal.