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Subjects>Business>Finance

What is PayPal and how does it work?

Adonis Herman ∙

Lvl 10

∙ 1mo ago

Updated: 2/16/2025

PayPal is an online payment platform that allows users to send and receive money electronically. It works by linking a user's bank account or credit card to their PayPal account, enabling them to make secure transactions online without sharing their financial information with the recipient.

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∙ 1mo ago

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Continue Learning about Finance

How can i transfer money if you do not have visa or credit?

PayPal if you have a bank account and the other party has paypal.

How can you pay yourself with PayPal?

To pay yourself with PayPal, you can transfer money from your PayPal account to your linked bank account or request a check from PayPal.

How can I collect money from PayPal?

To collect money from PayPal, you can link your bank account to your PayPal account and transfer the funds directly. You can also request a check from PayPal or use a PayPal debit card to access your funds.

Do you have to accept money on PayPal?

No, you do not have to accept money on PayPal.

Can you explain how chargebacks work on PayPal?

A chargeback on PayPal occurs when a buyer disputes a transaction with their credit card company. PayPal will investigate the dispute and may refund the buyer if the claim is valid. The seller may be required to provide evidence to support their case. If the chargeback is successful, the seller will lose the funds from the transaction.

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Related Questions

Will PayPal work in Turkey?

Yes, Turkey is a "PayPal country".

What can be done if the Pay Pal IPN does not work properly?

The only thing that can be do if the PayPal IPN does not work properly was contacted the PayPal customer service and ask for their help regarding this.

Why PayPal is not work in Georgia?

If PayPal will enter at Georgian market, Georgian banks would lose profits, so they are in opposition

Why can't you get into your PayPal account?

If your password doesn't work click on "forgot password" or at the bottom of the page "contact" paypal and ask them.

How does a PayPal merchant account work?

Essentially, a PayPal merchant account goes between you bank account and the customer, giving you the chance to charge for merchandise. The money goes through PayPal, and you can draw out into your account

If you got a fake credit card number off of paypal manager will it work?

Yes, it will work

How does a PayPal virtual terminal work?

PayPal virtual terminals work by letting one send money to anyone with email. It is an affordable alternative to swipe machines and works for all major credit cards with no fees.

When are Paypal fees due to be paid?

It does not work that way for about 95% of the Paypal population. Fees are taken out automatically when you RECEIVE a payment. No fees for sending money and/or buying.

How does PayPal work if one wants to make a payment?

All one needs to make a payment using PayPal is a PayPal account with the funds, and the e-mail address of the recipient of the money. To receive the funds all the recipient needs is a PayPal account associated with the e-mail address that was used.

Does the 6 dollar investment with paypal scheme really work?

It's illegal

Is PayPal Australia owned by the same company as PayPal US?

Yes PayPal Australia is owned by the same company as PayPal US. PayPal was founded in California in 1998. In 2002 PayPal was bought by Ebay. PayPal is offered worldwide.

Best Free Internet Jobs Use Paypal?

When taking on free internet jobs, you need to make sure the payment method is legitimate. So many times, people put in work at websites and are disappointed when they do not receive paychecks. One should always check and make sure a website does payments through Paypal to decide if he or she should take work through that site. Paypal is a reputable online bank that is the largest provider of accounts for individuals and businesses. Paypal will not steal money or lose funds. Choosing to work for a site using Paypal is a smart option for anyone looking to make money online.

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