Saturday, January 10, 2009

Paypal

You can pay anyone with an email address or phone number—instantly—with Paypal.

With Paypal, you can (1) send money to family and friends and (2) pay for goods and services.

PayPal is provides a secure, free, and easy way to pay. There are several ways by which you can pay online. You can use your bank account, credit card, or PayPal balance. You can send money from home, work, even your mobile phone.

Shop worldwide

Paypal accounts are accepted at some of the world's top online stores. You can check out with confidence at millions of merchants without exposing your financial details. Paypal assures 100% protection against unauthorized payments sent from your account.

Send money fast

You can send cash to friends and family—practically anyone with an email address. You can conveniently pay back friends. Or you can collect from a group for a combined gift or shared event.

Give yourself options

With the Paypal service you can pay directly with money from your bank account or credit card. You can also access your PayPal account anywhere with your mobile phone.

Withdrawing funds from Paypal accounts

To withdraw funds to your bank account, all you need to do are the following: (1) Log in to your account; (2) Click the My Account tab; (3) Click Withdraw at the top of the page; (4) Click the Withdraw funds to your bank account link; (5) Enter the requested information and click Continue; and (6) Click Submit.

Withdrawing funds by requesting a check

You can also withdraw funds by requesting a check with these steps: (1) Log in to your account; (2) Click the My Account tab; (3) Click Withdraw at the top of the page; (4) Click the Request a check from PayPal link; (5) Enter the requested information and click Continue; and (6) Click Submit.

Note: A fee of $1.50 USD will be applied to each check withdrawal.

Fees


Personal account

Premier/Business account

Open an account

Free

Free

Send money

Free

Free

Withdraw Funds

Free for bank accounts in the U.S
Fees for other withdrawal options

Free for bank accounts in the U.S
Fees for other withdrawal options

Add funds

Free

Free

Receive payments funded by PayPal Balance, PayPal Instant Transfer or PayPal eCheck

Free

1.9% to 2.9% + $0.30 USD

Receive payments funded by Credit Card, Debit Card or Buyer Credit

4.9% + $0.30 USD (limit of 5 transactions per 12 month period)** for domestic or U.S. transactions

2% + applicable Fees Fees for cross border payments

4.9% plus $0.30 USD for card payments received using PayPal on Skype

1.9% to 2.9% + $0.30 USD

Multiple currency transactions

Exchange rate includes a 2.5% fee**
Fees for cross border payments

Exchange rate includes a 2.5% fee**
Fees for cross border payments

These fees apply to U.S. users only. For Canadian fees, click here. For European fees, click here. Otherwise, click here.

** If your transaction involves a currency conversion, it will be completed at a retail foreign exchange rate determined by PayPal, which is adjusted regularly based on market conditions. This exchange rate includes a 2.5% spread above the wholesale exchange rate at which PayPal obtains foreign currency, and the spread is retained by PayPal. The specific exchange rate that applies to your multiple currency transaction will be displayed at the time of the transaction.

** Personal accounts may not receive payments funded by credit card, debit card or Buyer Credit for eBay or eBay Express transactions without upgrading to Premier or Business accounts.

Does not apply to Website Payments Pro or Virtual Terminal.

Download the PayPal Plug-In to use PayPal even at places that don't take PayPal.

Learn more about Paypal or open a paypal account by clicking here.

No comments: