How does PayPal Work? - Sitcoms Online Message Boards

Wreckless · 09-17-2008, 01:55 PM

I never understood Paypal and everytime people would explain it to me, I still didn't get it and they didn't explain it well enough. I mainly just want to know everything about it and how it would work, setting it up for payments on E-bay, sites like that etc. Do you go to your bank and send money from your savings, checking account(s) to the user's account? Somebody please explain it to me in laments, so I have a better and more thorough understanding of it. Thanks.

InspectorExstead · 09-17-2008, 02:56 PM

you can enter your credit card/debit number and it saves it on the site. and anytime you purchase something & want to pay with paypal, you just log in to paypal & purchase it through there. it's an easier & faster way to pay for things online since you don't need to write your credit card number everytime. hope that makes it easier to understand.

Wreckless · 09-17-2008, 04:38 PM

Ok I understand that, thanks. But what if you want to pay through your savings account at a bank, would that work and if so, how would it work?

treky · 09-18-2008, 02:24 AM

the site also has an option where you give them the number of your checking/savings account, and they'll take the money directly from there, so there's no need for you to go to your bank.

Zoneboy · 09-18-2008, 02:32 AM

After setting up your bank account through Paypal, You'll need to verify it before using it. Once you submit the info, Paypal will make 2 small deposits into your account. These usually range from 10-20 cents. Once you confirm the deposits, You're account will be ready to use. Paypal does this to verify that you're the owner of the account.

Wreckless · 09-18-2008, 03:20 AM

So what do you do to verify that it's your account, after they deposit the 10 cents in there?

Zoneboy · 09-18-2008, 03:24 AM

Quote:

Originally Posted by Wreckless

So what do you do to verify that it's your account, after they deposit the 10 cents in there?

When you login to Paypal, You'll be asked to enter the amounts of each deposit. This is the last step of the verification process and once completed the account will be ready to use.

Wreckless · 09-18-2008, 03:30 AM

Oh ok, so when you sign up and after you put in your account info, it tells you the amount that they send to you, then you have to confirm it when you sign back on again? cause how would you confirm it at a bank? it's not like a checking account where people can send you checks towards your checking account if you have one, and you don't have to be there.

Zoneboy · 09-18-2008, 03:34 AM

Quote:

Originally Posted by Wreckless

Oh ok, so when you sign up and after you put in your account info, it tells you the amount that they send to you, then you have to confirm it when you sign back on again? cause how would you confirm it at a bank? it's not like a checking account where people can send you checks towards your checking account if you have one, and you don't have to be there.

No, Paypal doesn't tell you the amounts, You have to get them from your statement or by phone if your bank offers that service. Paypal does this regardless of whether it's a checking or savings account that is being linked to.

Wreckless · 09-18-2008, 03:43 AM

Oh alright. So when they send the amount to my account, I should get it in my monthly statement from Commerce, then I can verify right?

Wreckless · 09-18-2008, 03:48 AM

Should I sign up for a personal or premier account?

Zoneboy · 09-18-2008, 03:54 AM

Quote:

Originally Posted by Wreckless

Should I sign up for a personal or premier account?

If you're only using it for purchases then a personal account will suffice.

Zoneboy · 09-18-2008, 03:54 AM

Quote:

Originally Posted by Wreckless

Oh alright. So when they send the amount to my account, I should get it in my monthly statement from Commerce, then I can verify right?

Correct

Wreckless · 09-18-2008, 04:11 AM

Thanks. One more thing, how would the buyer get the money? Does it send the money from your account to there's?

Zoneboy · 09-18-2008, 05:24 AM

Quote:

Originally Posted by Wreckless

Thanks. One more thing, how would the buyer get the money? Does it send the money from your account to there's?

Yes.

09-17-2008, 01:55 PM	#1
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	How does PayPal Work? I never understood Paypal and everytime people would explain it to me, I still didn't get it and they didn't explain it well enough. I mainly just want to know everything about it and how it would work, setting it up for payments on E-bay, sites like that etc. Do you go to your bank and send money from your savings, checking account(s) to the user's account? Somebody please explain it to me in laments, so I have a better and more thorough understanding of it. Thanks.

09-17-2008, 02:56 PM	#2
InspectorExstead Member Forum Star Join Date: Oct 29, 2001 Location: The Golden State Posts: 12,902	you can enter your credit card/debit number and it saves it on the site. and anytime you purchase something & want to pay with paypal, you just log in to paypal & purchase it through there. it's an easier & faster way to pay for things online since you don't need to write your credit card number everytime. hope that makes it easier to understand.
	__________________ They killed my sister because she asked: "Where is my vote?" http://sosiran.com/ http://tapeshhd.com/index.php

09-18-2008, 02:24 AM	#4
treky star trek fan Eternal Member Forum Star Join Date: Feb 25, 2002 Location: Conshohocken, pennsylvania Posts: 14,490	the site also has an option where you give them the number of your checking/savings account, and they'll take the money directly from there, so there's no need for you to go to your bank.
	__________________ the Clampetts are in a fancy Beverly Hills jewelry store. Granny points to a tray of rubies. Granny: "How much fer one o' them red diamonds?" clerk: "Madam, those are rubies." Granny: "OK ask her kin we buy one offa her." clerk: " The ruby I am talking about is not a lady." Granny: "Lissen, how she got them diamonds is her business. I'm just sayin' ask her kin we buy one from her."

09-18-2008, 02:32 AM	#5
Zoneboy RIP, I'LL NEVER FORGET YOU :( Moderator Forum Superstar Join Date: Jul 13, 2003 Location: AT HOME WISHING ALL THIS WAS JUST A DREAM AND THAT I'LL WAKE UP FROM THIS NIGHTMARE. Posts: 34,544	After setting up your bank account through Paypal, You'll need to verify it before using it. Once you submit the info, Paypal will make 2 small deposits into your account. These usually range from 10-20 cents. Once you confirm the deposits, You're account will be ready to use. Paypal does this to verify that you're the owner of the account.
	__________________ 'Twas The Night Before Christmas And All Through The Full House Not A Creature Was Stirring, Not Even Mighty Mouse. All My Children We're Nestled All Snug In Their Beds While Visions Of Sugarbakers Danced In Their Heads.

09-17-2008, 04:38 PM	#3
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	Ok I understand that, thanks. But what if you want to pay through your savings account at a bank, would that work and if so, how would it work?

09-18-2008, 03:20 AM	#6
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	So what do you do to verify that it's your account, after they deposit the 10 cents in there?

09-18-2008, 03:30 AM	#8
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	Oh ok, so when you sign up and after you put in your account info, it tells you the amount that they send to you, then you have to confirm it when you sign back on again? cause how would you confirm it at a bank? it's not like a checking account where people can send you checks towards your checking account if you have one, and you don't have to be there.

09-18-2008, 03:43 AM	#10
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	Oh alright. So when they send the amount to my account, I should get it in my monthly statement from Commerce, then I can verify right?

09-18-2008, 03:48 AM	#11
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	Should I sign up for a personal or premier account?

09-18-2008, 04:11 AM	#14
Wreckless Member Forum Fanatic Join Date: Nov 04, 2007 Location: Banned Posts: 9,408	Thanks. One more thing, how would the buyer get the money? Does it send the money from your account to there's?