PayPal read about it :
So what is PayPal ? What is its importance? How can it be used? ... This guide answers all these questions and more.
There is a reason why around 254 million people use PayPal in their financial dealings online . It is clear that this reason falls under the security, speed and ease of dealing with PayPal . Also in PayPal Global ; It is used in more than 200 different countries, and it gives you power wherever you are; Your money is in your hands wherever you go, and with it you can buy everything you want globally .
First : What is PayPal ?
Although it is a service site, many sites refer to it metaphorically as an " electronic bank " , due to its features that are similar to what a traditional bank offers in terms of receiving, sending and withdrawing funds . Rather, PayPal excels by adding capabilities and features that many traditional banks may not provide, such as :
The ability to buy from thousands of sites on the Internet that accept payment by PayPal , but there are very famous sites that do not accept payment only by Paypal, such as the famous eBay site .
PayPal protects your credit card data and prevents hackers from accessing it, so you can operate on the Internet with complete safety .
You can receive money from others, as well as sending money to them using the registered email account by PayPal only does not .
You can withdraw money to your bank account, credit card or prepaid visa cards .
Second : The importance of PayPal for those interested in freelancing on the Internet
Internet operators faced a real problem that persisted for a long period of time, which was not being able to withdraw profits; Many freelance sites, such as the Five and Independent website , only accept payment by PayPal, and other popular sites provide other means of payment that are less known than PayPal, such as checks .
On this basis, self-employed workers in countries that are not supported by PayPal face great difficulty in obtaining their profits; This prompted some of them to leave the online workplace until safe and fast payment methods were available .
The life cycle of money on PayPal
Employers go through two steps with PayPal, which are :
Linking a PayPal account to a credit card or bank account.
The balance in the accounts linked to the PayPal account “ Visa or bank account or both ” is the current balance with which it is possible to pay or send money to others from it .
Self-employed people also go through two different steps, namely :
Receiving payment from the companies that a freelancer works for, such as receiving your profits from a freelancer or five . Or receiving a sum of money directly from someone who has the email with which you registered your PayPal account
Withdrawing these profits that the freelancer received on the Visa or on the bank account linked to PayPal .
Paypal properties with all countries
Not all the features of sending, receiving and withdrawing are available to all countries, but PayPal's features are divided with the countries of the world into four types, as follows :
Countries that PayPal does not support, and these countries cannot create a PayPal account
Countries that can only send money, and subscribers from these countries can buy and pay online, but they cannot receive money as well as withdraw money .
Countries that can only receive money, cannot send money .
Most of the countries that can receive funds can also withdraw funds to a Visa, bank account, check, or all of the above options together .
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