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Using PayPal for Online Transactions

by Ron Kurtus (revised 18 November 2020)

PayPal is a popular online financial service that allows you to securely send or receive payments over the Internet. There is no charge to open a PayPal account, and PayPal only charges a nominal fee to the recipient of a transaction. There are several levels of a PayPal account, depending on what sort of transactions you plan to do.

You can send money when you are purchasing goods, making online donations, or sending money to family members. You can also receive payments through PayPal if you are selling items or someone is sending you money. Most online services accept payments through PayPal.

Questions you may have include:

This lesson will answer those questions.



Open a PayPal account

In order to use the PayPal service, you first need to open a PayPal account. From the PayPal home page, click on the Sign up link at the top of the page.

To create your PayPal account, select your country and language. You then have a choice of opening a Personal, Premier, or Business account. For a Personal or Premier account, you simply enter your email address (which you later use to log in), password, address, phone number and credit card number.

Note: You can send your credit card number, since the PayPal website is secure, as indicated by the https:// before the web address ("s" for secure).

However, do not be so foolish as to send your information from an unsecured WiFi, such as from a coffee shop.

There are several additional steps for setting up a Business account.

Once set up, you will receive an email from PayPal asking you to activate your account. Then you're ready to shop, send money, and accept payments using PayPal.

Types of PayPal accounts

The type of PayPal account that you open depends on how you want to use the service. You always have the option to upgrade the type of account that you have, if the need arises.

(See Types of PayPal Accounts for more information.)

Sending and receiving money

There are several ways to send and receive money through your PayPal account.

(See Send or Receive Money with PayPal for more information.)

Summary

PayPal allows you to securely send or receive payments over the Internet. There is no charge to open a PayPal account, and PayPal only charges a nominal fee to the recipient of a transaction.

It is easy to open a PayPal account. You need to give an email address, password and credit card number, along with some other information. You can open a Personal, Premier, or Business account, depending on what sort of transactions you plan to do.

You can pay for goods you are purchasing, make online donations, or send money to family members. You can also receive payments through PayPal if you are selling items or someone is sending you money. Most online services accept payments through PayPal.



Resources and references

Ron Kurtus' Credentials

Websites

How to Use PayPal - From WikiHow.com

How to Use PayPal on Amazon

How Does PayPal Work on eBay? - From Dummies.com

How PayPal Works - From HowStuffWorks.com

PayPal Help

Finances Resources

Books

(Notice: The School for Champions may earn commissions from book purchases)

Top-rated books on PayPal

Top-rated books on Personal Finances


Questions and comments

Do you have any questions, comments, or opinions on this subject? If so, send an email with your feedback. I will try to get back to you as soon as possible.


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