How does Paypal work? Easily explained


How does PayPal work – this question is faced by many consumers who want to pay with PayPal on the Internet. It works quite simply: When shopping online, Paypal, like an intermediary, handles the purchase for you, so you do not have to pass on any bank details to the online shop. How does Paypal work? Pay safely online Many people ask themselves: How does Paypal work? Almost all major shops now rely on the payment service PayPal. When paying the merchant receives the invoice amount from Paypal immediately transferred, by direct debit Paypal a few days later, the amount from your bank account. To use Paypal, you must do the following: Register with Paypal. There you have to deposit your name and e-mail address as well as a bank account. However, the specified account still needs to be released: Your bank statement will show a few cents credit, along with a Paypal code, after a few days. By entering this code, your bank account is activated for Paypal use. Similarly, this works if you deposit a credit card instead of a bank account: this time Paypal will book you a few euros (and of course later back). If your PayPal account is ready then you can start shopping. Any online merchant who has the blue Paypal logo on their site can use this payment method. At the end of the order process you will be redirected to Paypal and have to enter your access data. Then shortly confirm the payment and complete the order. By the way: If you return an item to the retailer, the purchase price will usually be refunded to you in the same way – ie credited to Paypal. You can either keep this balance for your next purchase with Paypal or have it remitted free of charge to your bank account. How to recharge your Paypal balance, read this tip. How does Paypal work? (Picture: Screenshot) Paypal: costs at a glance From merchants PayPal takes a commission, which many retailers previously laid on the customers. In January 2018, however, PayPal changed its terms and conditions. Since then this is no longer allowed. Paying with PayPal in Euro is therefore free of charge. For merchants, the sales and receipt fees are 1.9% + 35 cents (within the EU). For micro payments (maximum 5 euros), the seller pays 10% + 10 cents and donations are 1.5% + 35 cents. For example, Paypal is offered by Mediamarkt (Image: Screenshot) How safe is Paypal? PayPal is supposed to make shopping on the Internet safer. Not only in the field of data protection, but also in terms of customer satisfaction Paypal has therefore come up with something: Buyer protection: Should a product you purchased at all do not meet the given description or do not arrive at all, but the dealer is unreasonable, the PayPal buyer protection : You get the purchase price including postage fees reimbursed by Paypal. Data security: With Paypal, you no longer need to enter any account details on the Internet – your bank details are only known to Paypal and the payment is handled by your own accounts. After each transaction, you will receive a confirmation email with the details. So you never lose track of payments and can track any Paypal debit from your bank account. As with online banking, the Paypal pages are encrypted, and here too: never pass on login data or respond to corresponding mails. Using Paypal on the move Ordering something on the go quickly is no longer a problem thanks to the use of smartphones and tablets. You can also pay with the mobile versions of Paypal: If you order a product while on the move, you will also see the mobile Paypal page where you must log in with your normal login data. With a touch, the payment is confirmed here and the amount paid by Paypal after a few seconds. Paypal is of course also available as an app for Android and iOS. Here you can log in with your access data and use all functions of the website.

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