This video tutorial explains how to use PayPal for sending and receiving money online, focusing on the PayPal website. It covers the process of signing up for a personal or business account, linking bank accounts and cards, and using PayPal's digital wallet. The tutorial also demonstrates how to send money to friends or pay for services, request money, and manage your PayPal balance. Additionally, it touches on the benefits of PayPal's Purchase Protection for transactions.
Here are the key facts extracted from the text:
1. PayPal allows users to send and receive money online.
2. There are mobile apps available for PayPal.
3. Users can sign up for a personal or business account on PayPal.
4. Legal name, email, and password are required for signing up.
5. PayPal operates globally.
6. Personal questions or EIN number are required for identity verification.
7. Linking a credit/debit card or bank account is necessary to use PayPal.
8. Users can sit on their PayPal balance or link an account to withdraw money.
9. The process of sending and requesting money is similar for personal and business accounts.
10. PayPal is a digital wallet that holds cards, bank accounts, and PayPal balance.
11. Adding money from a bank to PayPal is free of fees.
12. Users can transfer their PayPal balance to their bank account without fees.
13. Recent activities show payments made or received using PayPal.
14. The 'Send' option allows users to send money by entering the recipient's name, email, or phone number.
15. The 'Request' option allows users to request money by entering the payer's details.
16. Sending money to friends and family in the US using a bank account or PayPal balance incurs no fees.
17. Credit card transactions incur fees.
18. PayPal Purchase Protection covers buyers for eligible items.
Please let me know if you need any more information or further assistance!