Digitalization is the perfect example of technology integration in the daily life! And, I, guess India really knows it better than anybody else. The changing in business conducting manner is the things that are making PayPal so popular. The benefits offered by this app are far over-weighing any fee charged by eBay sellers. Well, there is no charge to the buyers to pay for an online purchase or send money to anyone. Sounds interesting?
Let’s explore some highlights that can make you go Wow!
- Instant transfer
- Credit cards
- Paypal balance
There are n-number of benefits that can be enjoyed from PayPal users. But, you also need to understand how PayPal works.
How Does PayPal Works?
Create Valid Account
The first thing you need to do is use PayPal, you need to have a valid email ID and yes, a credit card or bank account. You would be required to register with it by using your email address, and your user ID. Don’t forget, you will need IFSC and branch code for your bank’s branch. Once you are done with the registration, you will need to enter your bank or credit card details.
Verify Your Bank Account
In order to verify that you have entered the valid bank account details, PayPal will transfer a really small amount of money into your account, as a demo. If you enter correct values, your bank/credit would be considered verified.
When you need to receive the payment from someone, just tell that person you emailed. No matter whether your payer is located in your local area or any part of the corner all can be done easily. Isn’t it great? Once you get the payment, you will get an email informing you that received the payment.
You can transfer money to anyone on their verified account; it’s a piece of cake. And yes, PayPal cuts its fee and transfer rest of the money to the payee.
It would be absolutely correct to say that PayPal is a service that acts as middleman transactions of money among banks. It is making online transactions really fun and easy. Transfer and received money from anywhere with PayPal!