PayPal is a world’s largest fund transfer service. PayPal established in 1998 as a confinity, who developed security software for handheld devices. PayPal developed money transfer app. PayPal majorly used in international transactions, which is the main reason behind success of PayPal. A customer can transfer money by numbers of method by using PayPal, to know how does PayPal credit work go through following :
1- Instant transfer- In instant transfer, the user sends money to the receiver in few seconds. the money is transferred from senders PayPal account to receiver’s PayPal account. Receiver can transfer money to his bank account. Your credit or debit card must be registered with PayPal.
2- E-check– The process of E-check is quite similar to the physical check, E-checks transfer is slower than instant transaction. It takes 3-5 working days to transfer money.
3- Credit card- Customer can register multiple credit card on their PayPal account and they can pay their credit card purchase by PayPal. In this case, customer is protected by double layer of security, by PayPal and credit card.
Apart from this, you can pay for anything across the world with the pay pal, except few articles. You can pay with PayPal for fallowing items
eBay items, Goods, services, personal
1- Pay from your bank account or credit card– When you setup PayPal account you can link desired credit card and bank account. At the time of payment, you can choose the account from which you want to spend the money.
2– Secure your primary accounts– User can transfer money to PayPal account so that they can avoid unnecessary exposure of their personal bank accounts.
3-Cash out money from your Pay Paul account– You can easily transfer money from PayPal account to bank account and cash the amount from bank.
4- uninterrupted online shopping– Approximately all the shopping websites accept PayPal. therefore you can do shopping without hassle.
5-Transfer money quickly to other PayPal users– You can directly send money to someone from your PayPal account to other people’s PayPal account, instantly.