what is paypal!!!!!!!!!!!!!!!!!!!

Paypal is basically an online bank. It holds money safely for you so you can use it to buy things online. All you do is go to paypal.com and sign up for an account for free. You can use this accound to buy things online, transfer money straight from a regular bank account to someone else's, or even save it online for something you really want.

So paypal is like an online bank aaccount mathingy. So you go to paypal.com and you sign up for it. It's free fast and easy. You sign up and you could get your earnings deposited there from mylot and from other sites that pay you to do stuff. You have to get your paypal verified first by adding a bank account. When you get it verified you are able to receive and send money. To withdraw money from paypal you can either ask for a check to be sent to you, you can transfer your money to your bank account or you can upgrade to a premium account and that means that you get a paypal debit card sent to you so that you can use.

If you are selling things online you can use PayPal to take payments as it acts as a credit card processor. People anywhere in the world can pay you using their credit card and PayPal acts as the processor which saves you the trouble and expense of having your own merchant account. I just use it for that and never leave funds in my PayPal account. As soon as some money is in my account I move it out to my regular bank account right away.

I'm sure you already know this by now, but PayPal is an online payment service that is free to regular folks like us and a small fee to merchants so they can accept credit card payments, when buying items online that accept paypal. The money comes from the person's bank account and can be uploaded or downloaded, depending on what is needed. If you have PayPal connected to your bank account and see something on eBay that you really want and you win the bid or "buy it now", then you can pay instantly with PayPal who will then take the money from your account to pay for the item. It's sort of like an online bank, but they aren't protected by the FDIC insurance. I used to use them to send money to my daughter. I have a premium account from when I was on eBay and have two debit cards through them. One is my daughter's and one is mine. I would put money into PayPal and she could withdraw it with her debit card. It was safer than sending her money through the mail. MyLot will deposit the money into PayPal when you've reach payout or they'll send you a check minus a fee. Putting the money into PayPal is free as is downloading it to your bank account. It takes a few days, but, for me, cheaper is ALWAYS better!! LOL

Paypal is a online way of receiving and transferring money. You can get a free account at paypal. So whenever someone wants to pay you but not in cash they can send money online trough paypal, you can then shop online (ebay) or withdraw. There are also other systems like these such as alertpay or e-gold. So call it an online piggy bank as you wish.

I love paypal! Lots of websites accept paypal as payment and it's so much easier than providing all the billing info over and over again!

There is a section in the "frequently asked questions" on MyLot, as to what paypal is. It can be explained there. PayPal is how MyLot transfers money from it's own accounts, to the accounts of it's users.

Yes your right this maybe a bit stupid but anyways i maybe more stupid to reply this hehe...Paypal is one of the most common payment processor online, where you can kept your online earnings.It's like an online bank. For instance you join an online earning website where you can earn extra money like mylot. Mylot sent your payment through paypal when you reach the minimum payment and so with the other earning site you join. You can browse their website for more of your understanding. BTW! it's free to sign up and you need to have one since you now join mylot. Hope it helps. Happy posting

Paypal is a website to get money from souces and transfer it to bank account. r paypal money can itself be used to buy things online in some cases. Mylot needs a paypal account to be paid.

Paypal is an account site through which u can transfer money from one account to another for any internet work. This account type is mostly used by freelancers. Actually it is safe way to transfer money. It automatically transfer you money from one currency to another.

Hello, to my own oppinion it does not sound stupid to me because this site i belive what is up to is to share what we dont understand with other member and share experience because according to and addage that says problem shared is problem solved, paypal is a means of payment online it is the most reliable and secure as well as fastest way of making paymnet online, it is save secure and fast. instead of using ur credit card when you have a paypal account all is well with you and which will protect you from those online hacker who have interest in your credit card information. To get a a paypal account is very easy all you need to do is just go to www.paypal.com on your browser, withing the twinkle of an eye you have the account, in addition you can link you credit card and your bank account as well, infact now is getting inbteresting paypal has its own credit card now i think its master card so kindly get one it will be usefull for you. Thanks

pay pal is online money sharing facility for this you have to register in paypal wit your email address and you must add your credit card or bank account your paypal account to recieve and send the money from your paypal account..you can also buy the ebay items with paypal

Paypal is how individuals and businesses send and receive money online. Through paypal, you can shop online securely and conveniently without sharing your financial information such as debit/credit card and bank account. Moreover, you can receive money/payments online from others. It's free to send money and to sign up for an account. However, there are three different type of account: personal, premium, and business. If you are personal account, it's free to receive money, yet there are limitation for it. If you are premium/business account, it's not free to receive money, and the rate of receiving money from others is 2.9%+$0.30 which is just a basic fee. The fee is varied, it depends on the amount of you're receiving. Although paypal is a secure and convenient way to send and to receive money online, there is some disadvantages about paypal.