A Comprehensive Guide To PayPal - Introduction

In our first installment of our Comprehensive Guide To PayPal, we’re going to start out with an introduction to just what PayPal is for those of you who have never even heard the name before. For those who are already somewhat familiar with PayPal, please bear with me for just a moment.

PayPal is a payment processor, plain and simple. What this means is that if you want to collect money for services rendered over the Internet, and 

don’t have or can’t get your own merchant account, PayPal will collect the money for you and deposit it into your online account. From there, you can then transfer the money to your own bank account or even have PayPal issue you a check.

You can also send money to people and buy things online using your PayPal account. This is a nice feature for those of us who don’t want to have to dig out our credit cards every time we go to a site in order to make a purchase. All we have to do is click on the little “Pay with PayPal” button and we’re taken to a screen where we can log into our PayPal account and complete the transaction. It’s really very convenient and a lot faster than with a credit card. The only thing you have to make sure of is that the site where you are making your purchase actually accepts payments via PayPal. Most of these sites are clearly marked, so you shouldn’t have any problems.

One thing you need to be aware of with PayPal is that, like Clickbank, it is not accepted in every country. Many third world countries are not allowed access to PayPal accounts. There are a variety of reasons for this which we will not get into in this particular article.

PayPal also has many different options for opening an account, which we will be covering in future articles. It is important that you understand how each different account works so that you’ll know which account is best suited for YOUR purposes. Don’t worry, we will be explaining each account in detail so you will know the limitations and perks of each one.

And then of course there are the PayPal rules which we all have to follow. As with Clickbank, which we covered in earlier articles, PayPal has a number of these rules, the breaking of even one can lead to the termination of your PayPal account. Don’t worry, we’ll be covering the main rules of PayPal so you don’t end up breaking any of them that will ultimately land you in a mess of trouble. PayPal is not very tolerant of rule breakers.

It is my hope that when you finish this series, you’ll be able to go to the PayPal website and feel confident in opening your new account. Many people have this automatic fear of PayPal because of all the horror stories that they have heard. I assure you, most of these stories leave out some very important details. In most cases, these people blatantly broke some rule and ultimately got themselves banned. As long as you know the rules and follow them, you should be fine.

In our next installment, we’re going to actually walk through the sign up process for getting your own PayPal account.

from Greg Cryns

Wahm Search Engine