What is paypal?

Pay Pal is like a third party bank account. Any money that you make on line can be put into your Pay Pal account and you can withdraw funds from it. You can also have a Pay Pal card that works just like a debit card so you can have you cash with you when you go out. You need a bank account to open one up.

Hi there, Paypal is an online third party payment option. With paypal you can transfer and receive money easily online. Although you have to have a credit/debit card to activate your paypal account, so if your planning to get a paypal account you better have a credit/debit acount. Here in mylot, they use paypal to pay members. Oh I forgot to mention, if you receive money through paypal you get to pay a certain percentage, I think it's about 2% or something of the money you'll be receiving. I hope this helps.

Paypal is an online money transfer service. It is the faster, safer way to receive and send money online. I think most of the transactions on the internet is linked through paypal services. You can create an account on paypal's website for free. You need it for accepting/receiving earnings from mylot. for more information you can read it in the FAQs of mylot. check here: http://www.mylot.com/o/faq/faq6.aspx happy mylotting!