Sure.... You can think of them in terms of a money broker.... You create an account with them with either a credit card number or a checking account number. You "send" mail to people via their email address, and it is drawn from your checking acct or credit card. They have to have or create an account also to recieve it. If someone sends you money, you also have the option of leaving it in your paypal account. To remove money from your paypal account, you can have it electronically transfered to your bank account, but it takes up to three days. (!!!) The plus side is that it's fast and easy to send and recieve payments from ebay, the downside is that the fees are steep... about 2.4% of the transaction. Add that to ebay's seller fees, and it's a big chunk of money. And 3 days is a ridiculous amount of time for an electronic funds transfer in my opinion!
Does that help? Matt in TX ----- Original Message ----- From: "Robert L. Stone" <[email protected]> To: "KR Builders Pilots" <[email protected]> Sent: Monday, September 27, 2004 10:35 AM Subject: KR> PayPal > Netters, > > Can any of you guys explain to me how PayPal works and how to use it. > > > > Bob Stone, Harker Heights, Tx > > [email protected] >
