Online Payments ? Everyone Needs This Pal

What Is Online Payment?
Is the making of payment(s) virtually, via the internet, basically – with your virtual bank account Online payment(s) can be done also – with a credit /debit card We will discuss that in subsequent posts . Online payment is popular, and a convenient medium of payment; for goods and services; both online and offline .

What Is Paypal ?

Paypal is an online payment processor; a virtual bank; that provides you with a virtual bank account; for making and receiving payments . Just like your typical (offline) bank .

Paypal is one of the major virtual banks/payment processors, online today . With majority of internet users that have account with them.

They have three types of account: 1) Personal 2) Premier 3) Business

1) Personal
The Personal account is basically for those ‘who shop online’ . ls for those who don’t do heavy/much transaction with their Paypal account .
To receive/send payment, with this account is free . But receiving of credit/debit card payment with this account attracts a fee . Which means you can actually receive notonly Paypal to Paypal payments, but also- credit/debit card payments !
There are limitations, to the sending, receiving and withdrawal to/from this type of account .

To view your account limits: log in to your account,click on "view limits" at the right top of your 'account balance' box.

“ Receiving limit: The maximum amount you can receive before you must upgrade to a Business or Premier account This limit is reset every month. Receiving limits apply only to the following payment types: eBay Items, Auction Goods (non-eBay), and other Goods. No other payment types affect your receiving limit. ”

NB: This implies, you can receive any amount from a Paypal account holder, aside the payment types listed above – which there are limits to receiving such eg. Receiving payments for an eBay item(s), auction goods (that’s non-eBay), and other goods .

2) Premier
Is basically for those who ‘ buy and sell online’ ( merchants ) .
This type of account attracts fee, as is not a free account, unlike the Personal account . Premier and Business accounts offer the following premium services:
· All the core features of a Personal account
· Unlimited credit or debit card payment acceptance
· Recurring payments
· PayPal Debit Card
· Mass Payment
· PayPal Shops
· Customizable Transaction History Logs
· 7-day-a-week toll-free customer service
· Multi-user access
· Ability to do business under a corporate or group name

For a list of Paypal’s comprehensive account fees list Go Here

3) Business
The business account is the same as the Premier, except that is for merchants who use company or group name . More of a defined and organized entity/body .

Why You Need Paypal .
* With Paypal, you can pay for goods/items and services online, without sharing your sensitive and vital information’s, such as your credit card/debit card or bank account information . Just simply with your (Paypal) email ( which serves as your account ) address.
* You can conveniently receive/send payments, to the millions of Paypal account holders, worldwide .

* With Paypal, is safe, secure and easy to pay/sell items/goods –
on eBay ( which is one of the biggest auction sites online, and the owners of Paypal ) .
* Paypal does not charge a fee for account to account transfers See More Here

* You can easily integrate/link (add) your bank account to your Paypal account; for funding/withdrawing to/from it .
* You can receive credit/debit card payments with your account . You don’t need a separate credit card processor, to do that .
* Paypal is a universal/worldwide payment processor/virtual bank .

How To Fund & Withdraw With Your Paypal Account
Funding
You can fund your Paypal account with these mediums:
* Your bank account ; you first add your bank account details to your Paypal account ( which also gets your account ‘verified’ ). Then you can now add funds directly from your bank account, to your Paypal account .
* Account to account funding ; a Paypal account holder can transfer funds from one account to another .

Withdrawal
You can withdraw from your Paypal account with these mediums:

* You can withdraw to your bank account
* You can request for a check, to be sent to you .
* You can withdraw using the Paypal Debit Card .
To start using Paypal today, and partake in the benefits that abounds, Go to their site