PayPal is not a bank you need to have a bank account to open a PayPal account. The reasoning for this is because PayPal pulls the money from your bank to make purchases.
Yes. It doesn't even ask for your bank account during registration.
No, you don't have to have a bank account to open a PayPal account, but unless you do have one, you can't become "PayPal Verified". Your PayPal account will initially have sending and receiving limits and to lift these limits (and withdraw any money), you need to register your bank account details to your PayPal account. You can also use a Visa credit card to send and receive payments.
No, you don 't have to have a balance in your PayPal account. If you have added your bank (or checking) account details and/or your card details to your PayPal account, you can make an "instant payment" for an item that you buy from eBay. With an "instant payment" money is automatically taken from your bank or card, paid into your PayPal account and then paid out immediately to the seller. All of this happens within seconds of you agreeing to make the payment.
Yes you can.
Yes, PayPal does allow you to make payments for purchases made on Ebay, for example directly from your bank account. It is a fairly simple process and very secure too.
No - Paypal is intended as an electronic funds transfer system. You register a bank account with them, and the funds are deducted from that account when you make an online purchase, and elect to use Paypal to pay for it.
Pay Pal allows you to make payment for items or services via the internet. Its kinda like the new age money order.You must open an account online on PayPal website, connecting it to your bank account, so withdrawals can be made automatically when you purchase something. Paypal handles the transfer of money from your account to the seller's Paypal account.
PayPal is not the same things as having a debit or credit card. In order to have one of the cards you must have a bank account from which the card can pull money. The card can be used practically anywhere. In order to have a PayPal account you must also have a bank account to withdraw money from. PayPal is mainly used to make online purchases through websites such as eBay. You can link you card and you PayPal together, however.
About Payment Methods. PayPal allows you to make payments using a variety of methods including: PayPalbalance, bank account, PayPal branded debit and credit cards, PayPal Credit, debit card, and credit card.
PayPal , as an intermediary payment service is a classic example of promoting worldwide eCommerce which has rather invaded .e-marketing You can very well make payment with paypal online, and your PayPal account can be funded with an electronic debit either from your bank account or using your credit card.
It is really simple. The first thing you have to do is to sign up for a Paypal account, using an active email account. This will be your "Paypal address". Then, you must link a bank account or credit card account to your Paypal account so you can fund it. After you have done that, you must to ask your recipient to provide you with his/her Paypal address. Click on the "Send Money" button within your account overview and enter the recipient's Paypal address, the amount you want to transfer and the reason for the payment (you will be presented with three options). Press continue, review your information and click on the "Send Money" button and that is it!