▶ How it works to pay PayPal
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Many times we are afraid to make purchases online in little-known stores for the precaution of giving bank details. But to avoid having to give up it is interesting to know how it works to pay PayPal.
PayPal is a system that allows us to create an account that is connected to our credit card or bank account. We can put a balance in it or allow you to directly access the amount we have in the account. And when we go to make a purchase, instead of our card we will give our PayPal address.
If the store where we want to buy includes PayPal as payment method, the first thing we will have to do is choose this option to when selecting how we want to pay for the purchase that we are willing to make.
Then we will only have to enter our username and password. Once the process is finished, we will have made our purchase without giving any bank details.
In the event that we have balance in our PayPal account, the default tool will deduct the amount of the purchase that we have just made make of said balance. In the event that we do not have a sufficient balance to make the purchase, if we have given permission to the tool and we have connected it with our bank account, it will withdraw the necessary money to pay directly from our account.
How PayPal works to get paid
Although this platform is already quite popular as a means of payment, there are many users who are not clear how it works to charge PayPal. And, even if you don't have a company account, you can also use this tool to receive money.
If you want someone to send you money to PayPal, all you need to do is give them the email address you used to create your account. Only with it will he be able to send you payments.
Once you have received the money, you have two options. In the event that you are going to make purchases on sites that accept PayPal payments, you can leave that charge as a balance to use whenever you want. But if you need to have the money for something else, you also have the option to transfer it to your bank account But you should keep in mind that if you opt for this option the money it will take about 5-6 days to be available.
In the event that you have an online store or a business on the net and you want your customers to be able to pay you with this means, you will have to implement in your store a button that allows users to pay with PayPal Although a company account is recommended, if the volume of sales is not very high, it will be worth it with a personal one.
Is PayPal free?
One thing that worries those considering starting to use this method is if PayPal is free.
Creating your PayPal account is totally free. There is also no commission for making purchases, so you can pay with your account in stores without losing money. And if you are going to make transactions with friends and family, you will not have to pay a commission to receive money from personal transactions within Spain.
Yes, you will have to pay a commission in the event that you are going to receive international transactions or that you are going to receive money for the sale of products or services .
PayPal recently started charging a fee for having an account with an available balance that you haven't even logged into for over a year . Therefore, if you are not going to use an account anymore, it is recommended that you withdraw the money.
But if you are only going to use your account to make purchases online, you can rest easy, because in no case will they be more expensive than if you pay with a card .