What is PayPal?
Internet Marketing Dictionary |
PayPal is a really neat system that lets you send and
receive money by email.
The PayPal system is a simple to use service that links your
email address to an online account.
<=> your account with PayPal
Once you've set up a PayPal account, you can
then pay money in just like you would to a bank. This money is
then linked to your email address which in effect acts as your
bank account number.
If you then want to pay someone using PayPal
all you need to do is log on to your own account and issue
instructions using a simple form. PayPal then takes the money
from your account and credits it to the account of the person
you want to send the money too.
At the same time, an email is sent to the
recipient telling them that they've just got more money and to
you telling you that you've sent some money.
If you don't have a PayPal account you can
still receive money. In this case PayPal emails the
recipient and tells them that they have some money with PayPal
and that if they open an account, they can get it sent to their
own bank account.
The process of opening an account with PayPal
is a bit tedious mainly because of all the money-laundering
checks that go on these days, but once you have an account,
you'll find it useful over and over again.
To get money out of your PayPal account and
into your own bank, you just issue instructions via your PayPal
Online marketers use PayPal heavily because it
is such an easy way of taking and making payments. For example,
many affiliate commission payments are made by PayPal on a