tam1116 Posted November 2, 2012 Share Posted November 2, 2012 I am thinking about setting up papal but don't know much about it. Could someone tell me how it works and what fees are involved.Thanks Quote Link to comment Share on other sites More sharing options...
Beth Posted November 2, 2012 Share Posted November 2, 2012 Paypal is like a "middle man". You buy things & pay Paypal. Then Paypal sends your money to wherever you're purchasing from. OR you sell something & that person pays you via their Paypal account. If there are any problems either way, Paypal can help you get your money from your buyer or they can refund your money if there's a problem with a purchase you made.You can fund paypal directly from your bank account or with a credit/debit card. Or if you sell, you can let money build up in your Paypal account. Or you can transfer money back & forth between your Paypal account and your bank account. As for the fees, that's a tangled web. You'd have to look at the fees page on their website. There's never a fee to send money. There are fees involved in receiving money, unless it's a "gift". It's a nice way to pay for things without having to put your credit card info on random sites. It's all stored with Paypal. Quote Link to comment Share on other sites More sharing options...
tam1116 Posted November 2, 2012 Author Share Posted November 2, 2012 Beth thank you so much for the information!!!!!, Quote Link to comment Share on other sites More sharing options...
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