Paypal

Well when it comes to complicated stuff like this im a noob, could someone explain to me in layman terms how this works?

Also im from the uk and there is paypal.co.uk and .com so which one do i sign up to or does it not matter are they both the same??

Thanks..

It is all the same paypal.
Paypal is simple to sign on with but, you must know that they like to take their money from you and make it difficult to get your money out of your paypal account and into your bank account setting minimal limits.
Never ever give your paypal information out to an email requesting it because paypal does not send out emails asking for your information and never will and scammers do.
I have been using paypal for four years now and lots of money has gone through my account and mostly only in one direction {out} but, sometimes I get paid and want that money out of their hands and into my own and they want to keep your money there so they can make money on your money.
Paypal is a blessing and a curse so beware.

Paypal is just like online money, that you can transfer to your bank and take out if you want. I use it for when i want to make purchases online, or if i need to pay someone, i.e. from ebay.

you can also put money into your bank, and upload it onto paypal, like if you were going to buy a bong online, you would upload money you have from your bank account to the paypal account and in a couple clicks, its paid for. but make sure you have the money in your bank to support what you want to upload onto paypal.. make sure you have extra money in your paypal if your buying things, because if you dont have the funds in your bank, and you try and upload money onto paypal, they will charge you for it. good luck:thumbsup:

all you need is a credit card, but i think you can also use your bank account for it.

Yeah thats what im doing at the moment because i wanna start using ebay, seems confusing as hell at first...

im sure ill get used to it though.. hopefully.

1) Set up an account with paypal and give them your banking information
2) They send your account a deposit (just a few cents) in order to confirm that the information was correct.
3) Making payments: Money is automatically withdrawn from your bank account under the paypal name
4) Receiving payments: Money is deposited into your paypal account and it is up to you to then transfer into your bank account.

Not doubting what fastspider said about getting your money out of them but I personally haven't had any problems. THIS statement though, "Never ever give your paypal information out to an email requesting it because paypal does not send out emails asking for your information and never will and scammers do." Is a DEFINATE!! Lucky enough for me that my bank was wondering why I was making purchases in Romania! They cancelled all transactions and issued me a new number in which I had to straighten up my paypal account with the new information so BEWARE!!

Have a good one!:jointsmile:

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Originally Posted by Psycho4Bud

1) Set up an account with paypal and give them your banking information
2) They send your account a deposit (just a few cents) in order to confirm that the information was correct. (yeah i got up to this stage they say it takes 3-5 days which is ok, so now what i need to do to confirm it is wait until its put into my account and then comfirm it somehow right?)
3) Making payments: Money is automatically withdrawn from your bank account under the paypal name
4) Receiving payments: Money is deposited into your paypal account and it is up to you to then transfer into your bank account. (oh, i thought it goes STRAIGHT into your bank accounts obv not, well to transfer it from your paypal account to your bank account how long does this take??, also once say you have sold something.. is there a way for silly internet people to take the money back somehow because if there is then thats no good..)

Not doubting what fastspider said about getting your money out of them but I personally haven't had any problems. THIS statement though, "Never ever give your paypal information out to an email requesting it because paypal does not send out emails asking for your information and never will and scammers do." Is a DEFINATE!! Lucky enough for me that my bank was wondering why I was making purchases in Romania! They cancelled all transactions and issued me a new number in which I had to straighten up my paypal account with the new information so BEWARE!!

Have a good one!:jointsmile:

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Thanks for the help P4B, !!

How common is it for paypal accounts to be hacked and stiff im guessing they make it very hard?

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Originally Posted by cannabis campbell

Thanks for the help P4B, !!

How common is it for paypal accounts to be hacked and stiff im guessing they make it very hard?

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I think Paypal itself is pretty safe but it's the damn scammers. They'll send ya an e-mail asking to "confirm" information and the way they set it up it looks EXACTLY like the paypal site. IF you ever were to receive one of these is best to first check the e-mail addy that sent it to ya and then check out the actual site to see if there is any sort of message within the system itself.

Have a good one!:jointsmile:

once the money is in your paypal account, how long does it take to transfer it to your bank account roughly?