PayPal is a
secure easy to use on-line payment service that allows anyone with
an e-mail address to pay for items using their existing credit cards
OR checking account, electronically and at no cost to the user. PayPal
offers a unique service, which actually pays you $5 for opening an
account. All that is necessary is a checking account number for them
to deposit the money into.
PayPal is used by
more than 20 million people on the web and is now a common method of
accepting payment for many on-line sites. Check any auction site or
merchant site and you will see that PayPal is very common.
One of the nice
things is that you now have one location to pay for items purchased
on-line who’s only business is to securely handle business
transactions, rather than different sites each having their own idea
of what is secure or not.
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With PayPal, you can
send and receive payments through the Internet. A user signs up
for PayPal and provides PayPal with their credit card number(s) or
checking account number, or they can be your bank. After you have
signed up with PayPal you make payments by logging onto their site.
Two methods are used
to pay merchants.
Method 1 :Choose the make payment selection and pay the PayPal
Verified merchant/person by making payments to their email address.
Method 2 : The
information of what you are purchasing and the amount of the
purchase is sent from the merchants web site when you click on
Purchase on the merchants site. This takes you to PayPal and all
you have to do is login and choose how you want to pay. All of the
other information is already filled in.
The following
is the same for both methods.
PayPal then deducts the money from the credit card or bank account
and electronically credits it to the PayPal vendor’s checking
account. PayPal sends an email receipt to the vendor of who the
purchaser is and what is being purchased. PayPal also keeps a
record for the purchaser of what you purchased. All purchases are
also insured up to a certain amount to assure that the Payee
receives satisfaction. In addition, PayPal provides Cranes On
Parade
with the shipping confirmation. Currently, Cranes On Parade will
ship anywhere in the United States, for the published shipping fees.
International rates are slightly higher.
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A User logs
into PalPal’s site using their name and secret password. Your credit
card or checking account information is already on file with PayPal
so you don’t have to re-enter that information each time you buy
something and there are no encrypted credit card number ‘cookies’
stored on your hard drive. Then they chose the Payment tab and
answer a few questions as to what they are buying and how much they
wish to pay the PayPal Merchant using the PayPal Merchants email
address (which is usually forwarded by the web from the merchant
site).
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Yes. You can
login to PayPal and provide them with a checking account you want
payments to be made to.
Click Here to do this.
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Its usually only
takes less than a minute to pay for the item and have an email
notice sent to the Verified PayPal Merchant. How quickly the
merchant responds is dependant on the system they have set up to
handle orders.
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