paypal

well it seems you dont know nothing at all but the name only xD."paypal". Well, a PayPal account is used for recive money from "mylot" for example or other sites or entities like Ebay. You can also charge some money to your PayPal account to buy things on internet sites that allow PayPal method, also like Ebay. Create a Paypal account is 100% free, but im not so sure about the fees they take for transactions made. It is very used on the internet, because you can use it instead of puting your credit card directly to the site that on many cases can be very risky. A good reason why Paypal is good for, is "for recieving myLot payments" xD.

Paypal is a great way to send and receive money electronically. I've used it for years as a buyer and seller. It doesn't cost anything to send payments. But if you are a seller and have either a business or premier account, paypal will charge you a fee. Many companies online now accept paypal. I would highly recommend it.

Paypal deducts amount from your paypal account to transfer money in your bank account. It will deduct 6$ if I ask for cash in india so I will buy something online and make better use of money .

see friend, paypal is nothing but e.mail banking. Anyone who has E.mail can open account in paypal. Minimum withdrawl from paypal account per month is 500$. But if u have credit card we can withdraw up to 3000$ per month. In this Mylot they will automatically credit money in to your paypal address directly. For example: say mylot is crediting 10$ or 100$ in to your account now. if u want that cash to your home now, u can ask for withdraw.In that Withdraw option u have say approximately how much do u want. They are charging 5$ to send check to ur home. you can deposit the check in savings account. but name given in check and the bank account holder name should be the same.