What is PayPal and how to use it? How to find your PayPal account number

They appeared quite recently. Every day there are more and more possibilities for their use. The very first and most active systems of application were electronic payment systems. PayPal is considered one of the earliest, although it was not the first.

The owners of the resource, while no one really knew what PayPal was, decided to sell it to the online auction eBay. And it was a win-win. After all, all purchases on eBay made through PayPal are not subject to additional fees.

In addition, the payment system has developed one of the most effective principles for protecting information. Thanks to this, all payments made through PayPal are not only encrypted, but also insured in case of purchase of a low-quality product or a product that does not correspond to the expected appearance. In other words, if you don't like what the courier company delivered, you don't have to contact eBay. All you have to do is contact PayPal for a refund.

E-commerce in Russia

Electronic systems are not limited to a list of 10 companies that you may know. Every year hundreds of electronic payment systems are born. The same number fail to compete every year.

In Russia, over a decade and a half, only a few companies have withstood competition. Among them, the most popular were WebMoney, Yandex.Money and RBK Money. But their disadvantage still remains the inability to pay bills from Chinese or American online stores. And if there is such an opportunity, then transactions are subject to large commissions.

PayPal's entry into the Russian market

Due to the fact that the system operates in more than 190 countries (which is 85% of all states and 95% of the world's territories), it is international. The ability to convert and transact 24 currencies makes it unique.

Unfortunately, PayPal in Russia does not have a full package of services due to its recent entry into the market, namely in 2013. But due to high demand, already in 2016 it is planned to sign an agreement for the supply of goods through Russian Post, which will significantly reduce the cost of delivery and make it possible to order medium and small quantities of goods.

Advantages over programs available in the CIS

When choosing an electronic payment system, you should always first of all pay attention to what exactly the purpose of registration is. If you just need to receive payments for Internet activities, especially on Russian or CIS sites, then the popular resources already discussed will be more than useful and convenient for you.

What is PayPal:

Consumer protection and purchase insurance.
An international system that allows you to perform financial transactions around the world with a minimum commission.
PayPal money is official electronic money. WebMoney currency is title units that can be equated to stocks and bonds. They have their own cost, but since no electronic debit system is approved in the CIS except PayPal, only this company can provide guarantees.
Card and bank details are filled in only once, along with the CVV2 code. PayPal transfer does not require any additional information except confirmation of a one-time SMS password.
Instant payment and withdrawal of funds.

Registration on PayPal

To successfully make purchases, issue and pay invoices, you need to create your own PayPal wallet. To register, simply enter your Email and create a password.

In general, the entire authorization process is very similar to creating an account in WebMoney - even simpler. Each step is accompanied by hints, and the web interface is concise and clear.

There will be no redirects, so all you need is a secure email address. It doesn’t matter where your mailbox is located, on Yandex or Gmail - this will not affect the activation process.

Next, you need to determine which card to link to your wallet. If your card is not supported by the system, which is very likely, then PayPal simply will not link it to your wallet. If this is the case, do not despair, because you can easily find a list of all the banks that the system cooperates with in your country. This list is constantly updated and expanded.

If you prefer any bank, then ask its nearest branch about plans for cooperation with electronic systems.

Making a purchase with PayPal

This system works as a support for many Internet resources. For example: buying and selling goods in online stores, paying on international survey sites or receiving funds for work performed as a freelancer, and so on. If you have previously encountered payment through your bank’s Internet banking, then the same rules apply here.

An important difference is that to pay for any product you need to know not the account details or the recipient’s card, but just an email address. If you corresponded by Email, then before sending money, it is better to clarify the email address to which the recipient's PayPal account is linked. Don't forget about this!

You can transfer money to a freelancer’s PayPal account in exactly the same way.

Withdrawal of funds to an attached account

It is worth noting, first of all, that according to the level of access to services, all countries and, accordingly, clients are divided into three types:

full access to all functions;
buying and selling through the system;
purchase only (that is, payment only).

If the first and second types allow you to cash out your earned money, then in the third case it is possible to cash out, so to speak, in kind, that is, through the purchase of another product on eBay. All CIS countries, except Russia, can only make purchases and challenge the wrongness of the seller in the event of a poor-quality product. That is, you can spend money and receive either a full or partial refund (depending on the terms of purchase).

Since 2015, PayPal in Russia allows you to withdraw funds to a personal current account with preliminary conversion, if this account is opened in rubles. Conversion occurs mainly from euros or US dollars.

How to link an account

It’s worth mentioning right away that attaching an account and a card are two different possibilities. Usually the account holder has only one card, but there are cases when one of the spouses makes two cards for one account so that the other can use it. This is just a special case, but there is a need for separation, and PayPal fulfilled this condition in favor of customers.

As at the very beginning, during registration, when you indicated and confirmed your debit card, the same procedure must be carried out with the account of the second card. After all the appropriate confirmations and test payments are returned to your account, you can continue working, transfer your funds to any other PayPal account, or spend it all on a new collection of sports sneakers, for example.

PayPal Here

The situations are completely different. It’s also not always possible to drag a laptop along with you, but you have to work through the system. In order to transfer funds and make a purchase, there is absolutely no need to carry a computer with you. All you need to do is install PayPal Here on your phone.

What is PayPal Here? This is a program that can be downloaded from Google Play or Apple Appstore to make instant payments. Since 2015, PayPal Here has released a special card reader that can be attached to the phone via the headphone jack.

Thus, the phone turns into a portable terminal.

Deviations when trying to link a card

Earlier, you already learned that there may be cases when the card is not suitable for registration in the PayPal system. The reasons for this may be different, and you will probably be informed about them from the bank by call or statement. But the most common and primitive ones are, firstly, the limit on online purchases (most likely, it is zero, because during registration in order to check the card account, PayPal blocks $1, which then, of course, returns it back), and -secondly, the limit for online purchases may be exceeded.

Both the first and the second can be resolved in 5 minutes with one call to your bank’s technical support.

PayPal versus WebMoney

You have already figured out what PayPal is: you have successfully completed registration, verification and other procedures. But before that, all their business was conducted in the WebMoney system.

How possible is it to withdraw funds to PayPal from WebMoney and vice versa? The answer is very inspiring, because the circulation of funds between these systems is absolutely possible in both directions. To do this, just create a corresponding request in WM Keeper to exchange WebMoney title units for equivalent electronic currency in a PayPal wallet.

As usual, the application will be processed within 24 hours. This is the only time a PayPal payment will take longer than a few minutes.

What can you buy with PayPal?

A system that covers the whole world simply must be universal in all corners of the Internet. Unfortunately, many companies cannot afford such cooperation, because, in fact, PayPal is (was until 2015) owned by eBay, while its direct competitors are AliExpress and others. Therefore, many rival companies do not have the right to use this resource.

Contrary to this, there are still a large number of ads registered on AliExpress that offer an option such as PayPal payment. Since the company gained independence from eBay only in 2015, it has not yet managed to gain mass popularity on other resources. But, given the low survival rate of any electronic payment system, PayPal's prospects are even greater.

As previously reported, the prospects for PayPal in Russia and throughout the CIS are clear and cloudless. Entering the European market and approving the system at the legislative level as recommended for conducting financial transactions only strengthened our position and made it possible to develop work in the direction of the Middle and Far East, as well as the expanses of the Russian Federation.

Following this, it is planned (in 2017) to update PayPal in Ukraine, Belarus and Kazakhstan. Consequently, such changes will entail the rapid development of medium and small businesses, which will lead to positive changes in the economy of the entire country.

Summarize

In this short article, we have discussed in detail one of the most famous international payment systems constantly used in different countries of the world, including the Russian Federation, Ukraine, Belarus and the United States of America. The article also talked about purchases made using this system, about the main problems that an inexperienced user might have, and about quick ways to solve such nuances. By the way, we also touched upon the topic of special applications for different mobile phone operating systems, thanks to which you can use PayPal anytime, anywhere.

If you were looking for detailed information about the best international payment system in the world, you have found it. The article presented to you contains information confirmed by official sources, including the official PayPal website.

The international payment system PayPal is designed to pay for purchases, as well as send money by individuals and legal entities via the Internet.

To use PayPal, you need to register with it using your email account and receive a password.

The popularity of PayPal is associated with the following properties of this payment system:

Globality . It is the largest and oldest electronic payment system in terms of number of users. Ninety percent of online stores accept payments through PayPal.
Simplicity . To make a purchase, you just need to know the seller’s ID (corresponds to his email address).
Rapidity . Payment is carried out very quickly, the transferred funds will reach the recipient in a few seconds.
Safety . Buyer's payment card details are not available to sellers. And in the PayPal system itself, great attention is paid to data protection and the security of working with it. PayPal is responsible for the funds in the customer's account.
Confidence . PayPal uses real (live) money in its work, thereby increasing the confidence of participants in the execution of transactions. Used in some payment systems (for example, in Webmoney), their own “money” is not backed by anything, and cryptocurrencies with all their pros and cons are just beginning to be introduced into society.

Users are also attracted to PayPal by the fact that there are no fees for paying for goods, that the delivery of goods is guaranteed by the system itself, and that the buyer can directly enter into a discussion with the seller about problems with the order.

Registration with Paypal

When asked how to use PayPal, the answer is very simple: first register (create your account), it's free. During the registration process, the country and interface language are selected. Then you should specify the account type. The system provides three types of accounts:

Personal account – an account for personal use, that is, for transfers and payment for purchases within the system.
Corporate account– for the financial activities of companies (its details and logo are indicated).

A form requests the entry of personal data. It is extremely important to enter real data, otherwise PayPal will most likely suspect a violation of the rules in the future and block the account.

The user must indicate his email address, which will subsequently be used as a login to log in to PayPal. Sometimes, due to lost password or other reasons, you have to restore access to your PayPal account. It is best to use a mobile phone for recovery, so when registering, PayPal asks for its number.

When registering with PayPal, you can link a bank card, but this is not necessary and can be done later.

To complete account creation, you must confirm it. This is done when you receive an email from PayPal to the address specified during registration.

Linking a card in Paypal

To link a card, you will need to enter its number, information about the owner, expiration date and confirmation code (given on the back of the card). To confirm the card binding, it is checked. Only after verification the card is considered linked and available for use in PayPal.

Card verification is performed according to the following procedure:

A small amount (up to $2) is withdrawn from the card.
The user must confirm the legality of the withdrawal, which is considered the completion of verification of the card linked to the account.
The money written off is returned to the user's card.

Paypal Service Fees

Before we look at how to use PayPal, let's list some basic information about fees.

Payment for purchases in rubles - no commission.
When converting rubles for purchases abroad, a commission of 4% is charged.
When making a money transfer in rubles within Russia, no commission is charged. But if a bank card is used for the transfer, then a commission of 3.4% of the amount plus 10 rubles is charged. for each transaction.
It is possible to select the commission payer: the sender or the recipient of funds.
For transferring money abroad there is an additional commission of 0.4% to 1.5% (depending on the country).
There will be no conversion fee if this operation is carried out at the issuing bank of the card used.

Using Paypal

PayPal's very simple and intuitive interface makes shopping easy and simple. To purchase goods on an eBay auction or in any online store, after selecting a product, you must specify PayPal as the payment method and enter your Login and Password. After carefully reviewing the information on the purchase screen, you must confirm the purchase, which will begin payment.

For security, you should make payments through the PayPal website. But security comes at the cost of unnecessary manual operations: it will require you to correctly indicate the recipient (his email address) and the payment amount.

You can change the conversion method in your account profile so that this setting will be used for all subsequent operations.

With PayPal you can also:

Sending money transfers to family, friends and loved ones.
Request funds from another user.
Issue invoices for payment.

Top up your PayPal account

If you use PayPal frequently, it is better to make payments from your account in the payment system. Therefore, you should consider how to fund your PayPal account. Replenishing an account is possible only from a plastic card linked to it, as a result of the seller receiving funds, transferring money by another PayPal user (possibly upon request of a transfer), as well as by exchanging other electronic money in third-party exchangers (descriptions of exchange operations are easy to find on the Internet) .

Transfer money to PayPal

A related question is the question of how to transfer money to PayPal. You can make a bank transfer to your PayPal account, but it’s easier to use the previously discussed top-up option from a card linked to your account.

It is useful to transfer money to the account of other PayPal users upon request. Requesting money can be in the form of an invoice or as a regular request. A regular request is created by filling out a form and is linked to your PayPal account balance.

How to use PayPal in Russia

The number of Russian sellers who can be paid via PayPal is growing. More than 90% of foreign online stores accept payment through the PayPal payment system. The popular eBay auction and PayPal are integrated with each other.

Since PayPal has been operating in Russia for a long time, offers a convenient interface in Russian and classifies our country in the second group (sending and receiving payments is available in it), it has many advantages over other payment systems. We can confidently recommend using this largest payment system to all our compatriots who are interested in it.

It is also important for Russian online stores and other recipients of money that it is possible to withdraw funds to a bank account from a PayPal account.

PayPal account- international service for transferring and receiving payments.

Today the system operates in 203 countries with 26 currencies. You can view the entire list on the official website and see your country in the registration drop-down menu. Today it has more than 180 million users. Officially operating in Belarus since June 2014, in Russia - since 2005.

Official site Paypal- https://www.paypal.com.

Russian-language interface for Russians, for Belarusians - at the moment there is only an English version and I hope that this will be fixed soon, for Ukrainians - several languages, but no Ukrainian and Russian.

PayPal can be purchased or withdrawn to WebMoney, Yandex Money, PerfectMoney, Advcash, Bitcoin and others through an electronic currency exchanger: Kurs-expert or bestchange.com.

Please note that for different countries there are restrictions on functionality, some of which are quite significant.

For example, for countries - Belarus, Ukraine, Kazakhstan:

Allowed - sending payments, linking a bank card, paying for goods,
It is prohibited to accept payments, as well as withdraw them to any bank account.

For clients from Russia, the list of services provided is larger:

Allowed - sending and receiving payments, linking a bank card, as well as withdrawal to a bank account in the USA and a local bank (became possible after receiving the appropriate license from the Central Bank), using Russian rubles for transactions and paying for purchases.

A little from the history of development. The beginning of its activities dates back to 2000, one of the founders of the company is a native of Ukraine. Initially they were engaged in servicing electronic trading. Soon (in 2002) there was a merger with ebay. As a result, more than half of paid purchases began to be made through PayPal, which seriously crippled competitors.

In 2015 eBay Inc. group divided and each side included in it began to work autonomously.

PayPal account features:

The most important thing for most users is the ability to make purchases online in most online stores that use this payment solution and pay for them using a bank card or account linked to your account. It does not matter what currency the card is in, since a conversion operation will be performed. The commission is paid by the seller himself,
For those who run a business - connect accepting payments from clients to your website,
Make money transfers to any person, knowing only his email address.

By paying for purchases using a Paypal account, you don't have to worry about the safety of your personal and financial data. Bank card details will never be known to the payment recipient, since the service does not send them. This allows you to pay for goods on a variety of sites, of which there are thousands, and not worry that your data will be stolen by scammers. In a word, PayPal means high reliability and customer protection.

If you do not receive the goods or their quality is poor, you can open a dispute within 180 days and then file a claim with the seller. Within 20 days, the system will make its decision on it.

If you see the company's logo on the website of an online store (usually located at the bottom), it means they accept them and you can pay for purchases. You will need to enter your email address and account password.

Paypal account registration

Registration with Paypal is completely free and without any commissions. Carefully monitor your browser status bar to avoid ending up on a fake scam site. The real official website of Paypal is https://www.paypal.com.

Pay attention to emails that come from the company. PayPal always addresses you by your first and last name only. Also, they do not contain links to redirect to other sites requiring you to enter any personal information.

At the first stage, you will need to select which PayPal account you need (Personal or Premier):

Personal, if you use it for personal purposes,
Or corporate - for accepting payments from clients (only for individual entrepreneurs and legal entities).

Please note, there can only be one. In most cases, we choose a Personal PayPal account. In the future, if the need arises, it can be upgraded to corporate by carrying out a number of procedures from the profile - you need to click on the gear and select Upgrade, and then enter the data of your organization. But it will be impossible to return to the original status.

We select a country that cannot be changed, enter an email address that is valid only for one account, and come up with a password. If you want to have several accounts, they must have different e-mails.

The password can be changed in the future by going to the PayPal website and going to the Login menu and selecting the appropriate item. You can change your email address by going to your profile settings.

A PayPal registration form will appear, where we enter personal data and your address. Since not all online stores support Unicode and to avoid difficulties when receiving goods, I filled out the form using translit, I advise you to use the translit.net service. Be sure to provide only real data.

In the future, the email address must be confirmed, which is already done in your personal account. Click on the Update button next to the email line and the message will be sent. Go to your email and follow the link and enter your account password. The icon will change its color and become green, like in my picture.

As you can see, there is nothing complicated.

If in the future the account needs to be closed and deleted, make sure that there are no balances on the PayPal account and no restrictions on the part of the company. Once deleted, you will no longer be able to restore it and all operations will be erased. To do this, go to the website, click on the gear at the top, select the Account Parameters section and at the bottom there will be a line Close account. Also, if necessary, we change the address, email, phone number here.

If you are interested in the question - where and what is the PayPal account number and how to find it out, then know that the company does not assign numbers to identify the client, as other payment systems do. The email address that you specified in your profile is the identifier that is required for payments and transfers.

As with any payment system, verification is necessary for security purposes and protection against fraud, and allows you to reliably verify that the client is the owner of the PayPal account. After completing it, the status changes to Verified. To receive it, we confirm your email address, link your bank card, and upload copies of your identity documents.

Attention. We disable and change the currency conversion at an inflated rate, and install it from the bank that issued our card. We carry out simple steps to set up the exchange from your personal account on the official PayPal website. I think everything is clear in the picture:

Linking a card to a PayPal account

For security purposes and to avoid fraud, you need to link your card to PayPal and confirm it. In this case, a certain small amount is blocked and in the statement of transactions you can see the confirmation code, entering which in the appropriate field on the site will verify that you are the owner of this bank card.

For this procedure, the amount is blocked in the amount of $1.95 or, like mine, 1.5 euros. The statement can be viewed in Internet banking or asked to be provided at the bank. For me it looked like PP7425CODE>*****>LU, which means the security code is 4 digits - 7425. Make sure that the specified amount was present on the card account, otherwise the request will be rejected.

The amount is not written off or disappears, it will return back to the card within a few days, usually no more than 5 days, but there are exceptions - you have to wait a month, depending on who the issuing bank is.

You will be immediately prompted to link it when registering with PayPal, but this operation can be postponed and done later by logging into your account and clicking on the Account button (Wallet) and selecting Add a card (Link a card).

You need a debit or credit bank card - Visa, MasterCard, American Express, Maestro. Since it is officially registered, any cards from issuing banks of the Republic of Belarus and the Russian Federation must be linked. If this does not work, check whether the operation function abroad and on the Internet is enabled. Or contact your bank branch.

Remember, each account must have its own card and you cannot link it to another account.
I added a Belarusbank Visa Classic card, everything went without problems.

To do this, select the type, enter its twelve-digit number, expiration date and CSC (security) code, which you can look at on the back of the card and consists of three digits.

Paypal conclusion

Only clients from Russia can withdraw money to a bank account. For Belarus and Ukraine there is no such possibility at the moment. Once a withdrawal request has been made, there is no way to cancel this action.

First you need to link your bank account to your profile and confirm it.

Go to your account and click on Account at the top.
The Add Bank Account button will appear.
We enter information about the personal bank account in Russian.

After this, the system will send two small amounts to him, about 1 ruble. These exact amounts must be indicated to confirm account ownership.

Follow the withdrawal limits, which can be viewed in your account. The minimum amount for transfer in foreign currency is 10 US dollars. There are no restrictions in rubles. The money sent is credited within 2-7 days.

Paypal commissions

PayPal charges a commission for the following transactions:

For receiving payment for goods,
Money transfer using a linked bank card,
When receiving an international payment,
When performing transactions where one currency is converted into another.

When transferring to another person, no commission is paid if the transaction occurs from the internal account of the Paypal service. If it is carried out using an added card, then the commission will be from 2.9% to 3.9% plus another 10 rubles. This commission is paid by the sender.

There is no commission to receive, provided you are in the same country as the sender. If you receive a payment from other countries, the company will charge a commission. If the sending currency is different from the invoice currency, it will be converted and you will also have to pay for it.

The company does not impose additional fees for:

Purchasing goods in online stores,
When withdrawing money from your account to a bank account.

Information about the amounts that were withheld can be found by logging into your account and clicking Transaction History at the top in the PayPal Fees section.

Hello, dear friends. Today I will tell you how to use the PayPal payment system, how to register, how to fill out and set up a profile, how to add a bank card, an account, how to create a personal page to receive payments from all over the world and how to withdraw money from your PayPal account to a bank account.

PayPal is an international payment system available in more than 200 countries. Using this system you can pay for purchases on the Internet, make various payments and transfer money around the world. The system ensures payment security and provides a refund guarantee in the event of an unsuccessful transaction between buyer and seller.

And using a convenient mobile application, all monetary transactions can be performed directly from your smartphone or tablet.

Registration

To register in the system, you need to go to the official website https://www.paypal.com and click on the button "Register".

To register, you must enter a valid email address, create a password and confirm it. Then press the button "Continue".

A confirmation letter will be sent to the specified mailbox. To complete registration, follow the link provided in the letter.

This completes the registration procedure.

To enter your personal account on the main page of the system, click on the button "To come in". Enter your login (mailbox address) and password and you are in your personal account.

Profile setup

The main page of your personal account is presented with general information, where you can immediately see recent transactions, account balance, linked bank cards, accounts and a link to withdraw money from the account.

Also presented here are sections in the form of menu items, which contain all the necessary functions for adding bank cards and accounts, issuing invoices, creating a personal page, and so on.

And to set up your profile, you need to click on the gear image in the upper right corner of your account.

Going to the settings, fill out the profile data as detailed as possible. This will facilitate many procedures with identification and other security measures in the future.

The settings are presented in four sections. Don't miss a single one.

There is no point in analyzing each point in detail, since they are all extremely clear. In the video tutorial I will dwell on this and show what's what.

Adding, editing and deleting a bank card

To pay for goods and services around the world using the PayPal system, you do not necessarily have funds in your system account. All you need to do is link your bank card and you can pay using the card. It's like in, only on a larger scale. At the same time, the system does not charge additional commissions.

To add a bank card, you need to go to the section "Check".

This section presents your balance, attached bank accounts and bank cards.

Click on the icon "Add card".

Then enter the confirmation code from the SMS and confirm the card binding.

Now, when paying, you will have your card available to choose from.

Also, by clicking on the icon of the attached card, you can edit its data and make a confirmation if you have not done so previously.

To delete a card, click on the card icon, then on the link “Confirm your bank card” and further on the link "Delete".

Adding, confirming and deleting a bank account

So, if you add bank cards to use them for payment, then you need to add a bank account for further withdrawal of money from your PayPal account.

You can do this all in the same section "Check". But by clicking on the icon "Add bank account".

At the next step, check the data, if everything is correct, then press the button "Continue".

The account was successfully added and two small amounts were sent to it. This is necessary to confirm that you are the account owner. For now, the account is in the status "Awaiting confirmation".

The transfer can take 2-4 days. Therefore we need to wait. In my case, the transfer arrived within 5 days.

When you receive the transfer, you can confirm your account. Confirmation will not only provide the opportunity to withdraw money, but will also increase the limits. This confirms your identity. You will also be able to make payments from your bank account.

To confirm, you must either on the main page or in the section "Check" click on the bank account icon. Next, enter two checksums and click on the button "Confirm".

How to withdraw money from PayPal to a bank account

Once the bank account is confirmed, you can withdraw money without commission.

To do this, on the main page of your account, just click on the link "Withdraw funds".

The transfer to your bank account will be completed within 2-4 business days.

How to create a PayPal.Me page and receive payments from all over the world

PayPal has a cool opportunity to create your own personal page for accepting payments. Thus, by sharing a link to this page, you make life easier for other participants in the system, since they only need to follow the link and make a transfer for you.

So, to create your page you need to go to the section "Send and Receive" and click on the icon “Create a link to PayPal.Me page”.

When you come up with an address for a page, save it and you can go to the address and see what the page looks like.

I got it like this:

If you want to specify the transfer amount, add the required number to the link.

https://www.paypal.me/zaicev/10

Since the page is created in the account currency, there is no need to indicate rubles.

But if they transfer money to you in another currency, this is also not a problem. You can select a currency directly on your page by clicking on the currency button.

As you can see, everything is fast and convenient. I have already received payments for .

Now I suggest watching a video lesson with examples to reinforce the material.

That’s all for today, if you have any questions I’ll be happy to answer them in the comments. I wish you all good luck and see you in new articles.

Best regards, Maxim Zaitsev.

Since its inception, money has come a long way. At first there were natural goods, then they were gradually replaced by silver and gold, which later evolved into bars and coins. They were replaced by paper money, backed up by checks, and then non-cash payments appeared. We live in a world that is constantly changing; apparently, a new milestone has arrived in the development of money - now dominance is gradually shifting to electronic money. Many systems dealing with this type of currency have recently appeared, one of them is PayPal, which is currently being deployed in Russia. What is PayPal and how to use it? How is it so significantly different from the same WebMoney and Yandex.Money? Are there any advantages? Let's try to understand together.

Why did he come to us?

According to research conducted by PayPal, Russians are increasingly buying from online stores using electronic money. Another payment option is bank cards; more and more people are abandoning the usual cash in favor of more modern methods. Thus, the emergence of another payment system in Russia was a matter of time.

And is he really popular?

The question of where PayPal is used can be answered briefly: everywhere. It appeared in America at the beginning of the 2000s as an innovative payment system project tied to an email address. PayPal was later acquired by such a giant as eBay, so it is likely that this was the reason for its rapid development - nevertheless, the status of a subsidiary of one of the truly world-class online stores gives a lot, very much.

How it works?

How to use the PayPal payment system? First you need to get acquainted with the mechanism of its operation. When registering on the server, you must specify the email address to which the account will be linked, and payment bank card details (for comparison: the WebMoney system only requires passport data). When making a payment, the online store will contact your PayPal account, and after requesting confirmation, it will transfer the money to the appropriate account. Everything is extremely simple. The main idea of the system is to combine the maximum number of credit cards, roughly speaking, into one. That is why the answer to the question of PayPal customers: “How to use without a card?” there will be a simple and laconic “no way”: the system needs to get funds from somewhere.

Is it possible to register?

We continue to answer the question of what PayPal is and how to use it. Let's get acquainted with the registration procedure in the system.

It all starts with choosing a region and account status. A personal account is one that will be used by an individual, while a corporate account is intended for companies, online stores and other legal entities. The system prompts you to enter basic information about yourself, such as date and place of birth, email address (to which the account will be linked), and current home address. Then PayPal asks how you are going to pay for your purchases: here you select the type of your bank card (MasterCard, Visa, etc.) and enter information about it. Just a couple of years ago, very few people knew how to use PayPal in Russia, but now that the system is officially legalized, ruble cards can also be linked to it, then all invoices will be issued in Russian rubles. The company works with more than a hundred currencies of the world, which it exchanges within its system, so if you wish, you can switch to paying in dollars, euros or another currency convenient for you.

The next stage of registration is card confirmation. To verify information about your account, PayPal will debit an amount that is a multiple of one US dollar, and the account statement will contain a special four-digit code as a comment to the transaction, which is a confirmation. As soon as you enter it into PayPal, the debited dollar is returned to your account, and you become a full user of the electronic money system. Please note: the username you enter into PayPal must match the account holder of the bank account you want to link to, otherwise all payments will be declined.

How about withdrawing money?

PayPal “feeds” on money on bank cards, but the account can also be topped up with cash. But what to do with the withdrawal of funds? Is there any way to get them out of the system?

PayPal's official recognition as a non-bank organization gave the company the opportunity to work with the Russian ruble, both accepting it as a payment currency and issuing it to customers who were able to better understand what PayPal is and how to use it. A PayPal account, as mentioned above, can combine several cards. To withdraw funds to one of them, just select the card of the bank you need in the corresponding “Withdrawal of Funds” window, enter its details and, after waiting a few days for the multi-step confirmation procedure to go through, withdraw your funds. Everything ingenious is simple.

You can also get your hard-earned money from currency exchangers, but then you face a commission of 15% of the withdrawn amount. In addition, you can use online exchangers of PayPal money for the same WebMoney, but in this case commissions cannot be avoided either.

Unfortunately, there is currently a withdrawal limit in the system: you can withdraw no more than six hundred thousand at a time.

Won't they throw me away?

The system guarantees the security of its payments; everything is checked several times. If funds were debited from your account without your knowledge, PayPal will immediately block your card, figure out what the problem is, and return the money. If the transaction is completed by you, but the service was never provided, then the administration of the system assumes obligations to resolve the conflict situation.

What about bonuses?

Of course, PayPal has its own bonuses. Some stores, such as Ozon.ru, for example, from time to time offer discounts when paying through this system. Partner sites may return some of the funds spent on the purchase of goods or services back to the card or offer you participation in various prize draws. In principle, everything is the same as with a regular bank card, which also includes a certain package of “amenities” from partners.

conclusions

So, what is PayPal and how to use it? Firstly, you should remember that this payment system is tied to a bank card, so it is almost impossible to “throw” it - the funds will almost certainly be returned to the client, and the violator of the rules will be punished (moreover, such fraud is also punishable by law in Russia). Secondly, one of the advantages of PayPal is the ability to withdraw money to any card without fees, although not very quickly, but the reason for this slowness is the desire to protect users as much as possible from unauthorized payments. And the third bonus is the opportunity to receive a number of discounts when paying for goods and services on partner sites. It's a small thing, but nice.

In the twenty-first century, it’s time to forget what paper money is. The future is cashless. And with PayPal it has become even closer.