Getting it Wrong to Get it Right ? (Part 4) “PayPal”

 4. Paypal – this is where it all begins.

If I wanna get paid, the first thing I need to do is sign up to and set up my Paypal account.

You’ve probably heard of it before or you already have an account, but if you don’t – Open your own FREE account in minutes but before you do check out my Setting up Paypal Tips.

I see Paypal is sort of an online piggy bank. But a lot more than that as I have learnt.

PayPal is the world’s most popular “middleman service” for online purchasing. Where moneygrams and wire transfers were the standard in the 20th century, today over 99 million Internet users prefer to use PayPal to send money to each other via email. PayPal has become such a convenient and trusted way to transfer money online, 95% of eBay’s purchases go through PayPal.

How PayPal Works.

As an online financial transaction broker, PayPal lets people send money to each other’s email addresses. At no time will either party see the other’s credit card or bank information.

Similar to an escrow service, PayPal acts as the middleman holder of money. Through its policies, practices, and business integrity, PayPal has earned the trust of both parties.

Online Piggy Bank !

Now I’ve got the account it’s time to start getting some pennies into it……..

.