In our days there are countless types of internet banks, money transfers and other types of software that may be helpful or not to you. This big variation though tends to confuse casual users who only need a safe and simple way to buy, move, or save their money online!
What’s PayPal Review?
PayPal Review is our way to help you in this confusing situation and also introduce you to the interesting world of PayPal! We will answer people’s most common questions about PayPal and we will also explain to you how the whole system works in the easiest way! So, let’s start out!
What can you do with PayPal?
So, first of all, we should clear out what PayPal is and….. what it isn’t! PayPal is basically two things:
- An online bank (typically it isn’t but it works very similar to that) and
- A payment portal that can be used to either pay someone or to get paid yourself.
More typically, PayPal is an online money transferring service based on a very safe and easy-to-use environment. Due to the simplicity and safety that it offers, PayPal is used from almost any modern online market. The company that owned PayPal at the beginning of its existence, was the same company that owned eBay (not anymore), so PayPal was from its first years one of the main payment options of the famous site!
PayPal Money Transfer
The main thing that PayPal offers, is its easy and safe money transfer system! With a few clicks, you can send, request or receive money from any PayPal user worldwide! The only thing you gonna need is the email of the account of the user that you will transfer with!
You can pay or get paid in every currency available and if you also have the option to convert the currency in every other currency you would like! When you select to transfer an amount of money to someone, you have two transfer options to select from:
- Friends&Family or
- Goods and Services
Of course, the first option is ideal for users that want to transfer an amount of money to a friend, a relative or tip a small amount to someone! The second option is the option you should select when you buy an item, or want to pay for a service. The second option has some small interested and that means that PayPal takes a small percentage for its services, but we highly recommend you use the second option every time you do an online payment due to the safety that it offers. Goods and Services offers a variety of options for both sellers and buyers if they found a problem during their transaction.
What do I need to create a PayPal account?
As we already mentioned, the PayPal system is very easy to use and that also goes for the account creation! First of all, you need to visit the official site of PayPal and select “Create an Account”. After you fill the necessary data (make sure that they are the real ones) you can enter a credit card or a bank account to transfer or withdraw money. You could also continue running your PayPal account without entering a credit card or bank account but after a recent update in PayPal’s Policy, you won’t be able to buy things from online stores as you are considering a “high-risk client”. If you still don’t want to enter a bank account or credit card, continue reading, as we will mention some smart ways to achieve what are you looking for!
Can I enter other online bank accounts or cards to PayPal?
That’s a very good question for the users that for any reason don’t want to enter their bank account or credit card to their PayPal account, but they still want to complete online shopping or other transactions. The brief answer is yes, you can enter your bank account or credit card from almost any digital bank out there! your bank account or your credit card from an online bank! The more complicated answer suggests you look for your digital bank account capabilities, see what it offers you and make a bit of research before you decide the digital bank you will go with! We can suggest you the 2 most famous and safe digital banks that offer a variety of useful options to its users: Revolut and Monese.
Is PayPal safe?
That’s maybe the most important question here… it doesn’t matter how many options you have or how easy is for the user to transfer or buy online if nobody ensures safety transactions. Fortunately, PayPal is one of the safest (maybe the safest) online platforms with many options for buyers and sellers. One of the best is the PayPal Dispute that compensates you 100% if the item you have paid for hasn’t arrived at you for any reason! There is also a very safe environment for users that holds big amounts of money on their PayPal accounts! The company guarantees its users that your money will stay safe as long as you decide! Overall, and If we also consider the helpful customer support and the very active forum, PayPal takes 10 out of 10 in terms of safety!