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What is Paypal, how do I top up money and how do I transfer money
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What is Paypal, how do I top up money and how do I transfer money

What is Paypal, how do I top up money and how do I transfer money through this particular online trading platform. These and even more questions will be answered in the guide we have prepared below.

What is paypal?

PayPal has been active in online transactions for more than a decade. It is an online financial service that allows you to pay for items using a secure online account. Just add your bank account, credit or debit card details and whenever you pay using PayPal, you can choose which cards or accounts to trade with. You can also set one as the default payment method and this will be used unless you choose otherwise.

Of course, in addition to payments, you can also accept money through your account. This money is stored in our e-wallet and you can use it for purchases or “withdraw” it in your bank account.

Sending money to relatives and friends is free. Like the withdrawals at the bank, which, however, have a fee  depending the bank you are sending the money to. Your Paypal account can be both personal and business, with different limits on the payments you receive and the withdrawals you make.

Although PayPal is often linked to eBay, these are two different services. However, in 2015, ebay acquired Paypal, which leads to this correlation.

 

Why use PayPal?

While there are many online payment systems out there these days, such as Apple Pay and Google Pay, PayPal offers some additional benefits that may not have the above.

First of all, its age means that it is a well-established and widely accepted online payment service. You will find PayPal payment options on thousands of online store websites that do not offer Apple Pay or other digital payment services.

The guarantees provided by the company for the protection of the buyers, guarantee you that you will receive a refund if an item you buy online is not received or does not match the description of the seller. This is especially useful when buying items on eBay, where you usually do not have warranties as in regular stores.

Other benefits offered by Paypal are:

  1. Maximum security and encryption of transactions.
  2. The best possible exchange rate between different currencies.
  3. Execute transactions immediately.
  4. Can be used from PC, both iPhone and Android devices.

What is Paypal, how do I top up money and how do I transfer money

How to top up paypal account

The way is very simple, since PayPal cooperates with every European bank. First of all you need a verified PayPal account, ie you have verified your credit card and bank account.

Once logged in, go to the Top Up with the cursor and select the second option from the list that writes in parentheses (takes a few days). There you will find the details that you will have to give when sending the transfer, either from the bank counter or from the account in the e-banking of your bank. We at EIB have tried it successfully.

How to transfer money via Paypal
With PayPal, you can send money or make a payment to anyone who has an email or mobile phone number and has registered it in their account.

 

FROM A COMPUTER

  • Click Send and Request at the top of the page.
  • Enter the recipient’s name, PayPal username, email address or mobile number and click Next.
  • Enter the amount, select the currency, add a note (if needed) and click Continue
  • Select “Pay for an item or service” or “Send to a friend”.
  • Select the payment method and click Next.
  • Check the information and click Send Payment Now.

THROUGH MOBILE PHONES APPLICATION:

  • Click Send near the bottom of the screen.
  • Enter the recipient’s name, PayPal username, email or mobile number.
  • Enter the amount, select the currency, add a note (if needed) and click Next.
  • Select “Friends and Family” or “Goods and Services” and click Next.
  • Select the payment method and click Next.
  • Check the information and click Send.
  • Money transfer via Paypal will not take even a minute!