About PayPal
PayPal is the global leader in online payment solutions and has more than 30 million account members worldwide.
PayPal is used by eBay buyers and sellers, online retailers and other businesses. Available in 38 countries and 5 currencies - Pounds Sterling, Euros, US Dollars, Canadian Dollars and Japanese Yen - PayPal is ideal for international as well as domestic transactions and money tarnsfers.
To send or receive payments online with PayPal, all you need is an email address and a credit or debit card.
Sending money using PayPal
When you sign up for PayPal, just enter your details and add a debit or credit card. You'll then be able to send / transfer money to anyone with an email address.
You control how you pay, too: bank account, credit card or your PayPal balance. From home, work, even your mobile phone. It?s all about choice: yours.
PayPal holds your information securely and does not disclose it to anyone else - by using PayPal you can pay people online without divulging your card or bank account details to them.
Receiving money using PayPal
Whether you're an established merchant or just an occasional seller, PayPal enables you to accept credit and debit cards, among other forms of payment, from senders in the UK or around the world. You can receive money from anyone with a PayPal account.
You'll receive an email from PayPal as soon as the money has been sent to you. The sender never sees your financial details.
Fees
PayPal charges Premier and Business accounts to receive payments. Personal accounts are free, but may not receive debit or credit card payments.
| Personal Account | Premier/Business Account | |
|---|---|---|
| Open an Account Send Money Add Funds | Free | Free |
| Withdraw Funds | Free for bank accounts in the US | Free for bank accounts in the US |
| Receive Funds | Free | 1.9% to 2.9% + $0.30 USD |
| Multiple Currency Transactions | Exchange rate includes a 2.5% fee | Exchange rate includes a 2.5% fee |
Official website: www.paypal.com
