paypal, how does it work?
By qdietz
@qdietz (244)
United States
May 4, 2008 11:10pm CST
Hello, I was wondering if I needed to have a card activated on a paypal account to recieve and spend money on paypal.
What I would like to do is gain money from sites like mylot, and then spend that money on internet somewhere.
Do I need to have a card activated or no?
1 person likes this
6 responses
@Adelida2233 (1005)
• United States
5 May 08
There are several different ways that Paypal works.
Paypal can either be linked to your bank account or it can be a whole seperate account.
When you sign up for Paypal and have your bank account tied to your Paypal account, the two will work together and makes it easier to send funds back and forth. This means that you can send money from your bank account to your paypal account when yu want to buy something and you dont have enough money only in your paypal account.
You can also have the 2 seperate(not linked). This means that you can only spend the amount in your paypal account and will not draw any needed additional funds from your checking account.
If you are purely getting money from sites like mylot and spending them on sites that accept paypal(like ebay and thousands of others), you can just use your paypal account info(ie, your paypal account name and password) to make payments.
If you want to buy merchandise at stores that do not accept paypal, you can get the paypal debit card and enter your card info like you would a debit or credit card.
Hope that makes sense. Let me know if you have any other questions.
2 people like this
@best_jr73 (258)
• Philippines
6 May 08
I just read your post and it somehow concerns me because I am near in achieving my goal on having my and reaching it while I still have the chance to get to my one hundred points and get a star as well. Also, I am just wondering if ever people out there are really getting their earnings here successfully, I just hope that I will get mine soon because I am planning to add it as an extra cash to my allowance and it would really feel great because I really did worked hard for it. Spend your money wisely my dear friend and have a great time.
@vipulchawla (2220)
• India
5 May 08
Even i used to think the same before getting my first payment. I thought that we need to have a credit card and get our paypal acount verified before we could get our payment from mylot. I even started a discussion regarding the same thing. But then i realized that u need to have a credit card only when u need to set your payout limit to a very high amount. And who would like to do it?
Well all u need to do is to input your bank account on the paypal site so that whenever any payment comes at paypal u can either get it credited to your bank account or u can use it for online shopping directly from paypal.
You also need to fill in a code, IFSC code which is in correspondance to your bank branch. U will find that code in the link given by the side of the textbox where u need to fill in the code. U just complte your bank information at paypal and then u can enjoy your earnings..
@longbangod (1785)
• Philippines
5 May 08
I just signed up with paypal few weeks back and honestly dont have clear idea how to use it. I will just have to gather my earnings then afterwards if it is enough already to be withdrawn thats the time that I would seek for help from people who are already using paypal.
Thanks for posting this one, Ill wait for more info from your friends here...
@busta1baby (1230)
• United States
5 May 08
you can use your bank account to activate your paypal account or a cridet card will do also. i have a paypal account and i used my bank account you can also your paypal to buy things online anywhere that they take paypal.